These are the 'Key Features' of the MPFS ISA

"Why should I read this document?"

The Financial Services Authority is the independent financial services regulator. It requires us, the Metropolitan Police Friendly Society, to give you this important information to help you decide if the MPFS ISA is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.

We want you to be comfortable that you understand the 'Key Features' of these products before you decide to proceed. If you do not understand something in this document, please feel free to contact us:

Its aims

• To achieve capital growth by the addition of annual bonuses.
• To provide returns which are free of income tax and capital gains tax.
• To give higher returns, compared to our other, non tax-efficient products.
• To allow for flexible savings and encashment.

Your commitment

• You agree to save at least £30 per month or a lump sum of at least £500 (no limit on topping up lump sums).
• You agree not to take out another Stocks & Shares ISA in any tax year you subscribe to the MPFS ISA.
• You agree not to pay more than the maximum permitted to a Cash ISA and this MPFS Stocks & Shares ISA in the same tax year.

Risks

• If you cash in or stop paying premiums in the early years, then you may not get back as much as you have paid in.
• What you get back will depend on investment performance - returns may be lower than illustrated.
• Our charges may be higher than illustrated.
• The tax treatment of ISAs may be changed by future legislation.
• If you become non-resident for tax purposes, you cannot make any further contributions.