What are the charges?
We take the following charges from your
investment. We use these charges to cover the cost
of setting up and running your investment.
1 A fund charge each year
This charge is equal to 1.75% a year of the value
of your Protected Consensus Fund.
2 Early exit charge
We assume that you will invest for the full
six years to take advantage of the capital
protection. If you cash in any of your
investment before the end of the six years,
you will have to pay the following charge on the
amount you cash in.
Year1 5%
Year2 5%
Year3 5%
Year4 3%
Year5 1%
Year6 1%
Can I take an income?
We recommend you invest for six years to benefit
from the capital protection. You can ask us to
automatically cash in up to 5% a year of the value of
your Protected Consensus Bond Series 3 to give
you an income. There is no early exit charge on any
income you take.
You can take your income every month, three
months, six months or year. If you want to take a
monthly income, we will pay it direct to your bank.
You should understand the following if you take
an income.
•
The level of your income will change each year.
This is because you are withdrawing part of the
value of your Protected Consensus Bond Series 3
each year. The fund value will change during
your investment period and could be less than
the original amount you invested.
•
Your capital protected amount at the end of six
years will be reduced to take account of any
income you receive. For example, if you take
an income of 3% a year, your capital-protected
amount at the end of the six years will reduce
by 3% every year. The following table, using an
initial investment of €100,000, shows how
your capital-protected amount would reduce
if you took an income of 3% a year from the
value of your investment.