Introduction

The With-Profit Bond is for lump sum investments; the minimum investment is £1,000 but there is no maximum limit. Since the launch of the bond in 1994, we have been providing our members with reliable growth on their investments

We also have a version of the Bond that pays a fixed income of 5% each year. The capital return on this is not guaranteed, and relies on our future investment performance.

When you apply for our Bond, we will ask you to choose which version you want - Growth where your investment grows with the addition of bonuses until you want to cash it in, or Income where you will receive an annual income of 5% of the initial investment on each policy anniversary.

Remember our ISA is our only other product which is also able to accept lump sum investments; it pays a higher rate of bonus than our Bond reflecting the tax savings that we receive. There are limits on how much you can save in an ISA each year; in 2010/11 you can save at least £5,100 with us as well as taking out a cash ISA elsewhere - please check our ISA if you have not used your allowance yet.

*subject to normal ISA limits.