Roll-Over Option - Terms & Conditions



  1. When a With-Profit Bond is cashed in, it is potentially subject to one of two charges:-
    1. in the first year only, an administration charge of 1%, or (if greater),
    2. at any time in the first 10 years, a Market Value Reduction in adverse market conditions. (see With Profits Market Value Reductions page)
  2. If you re-invest a With-Profit Bond into an ISA Bond in the tax year following the With-Profit Bond's issue, we will waive charge (a). We will also waive charge (b) provided the ISA continues for at least 2 years; otherwise we reserve the right to apply charge (b).
  3. If you re-invest at least £5,000 in an ISA in that tax year, then this Roll-Over Option will continue on the remaining With-Profit Bonds into the next tax year, and so on.
  4. Re-investment will not itself qualify for the 101% promotion a second time.