The UK Select Investment Plan with a Growth or Income Option

The current uncertainty in the economy and investment markets does rather make it essential to utilise any available tax-free saving plans, particularly with interest rates at an historic low. With this in mind Oval Financial Services has teamed up with Barclays Wealth to offer two ISA accounts available for the current tax year.

It will also be possible to invest immediately for the 09/10-tax year, to consolidate any existing ISA (or PEP) accounts from previous tax years and to make investments above the current £7,200 ISA limit with the returns subject to Capital Gains Tax. It is also suitable for pension schemes such as a SSAS or SIPP.

The accounts are designed to give you growth or income with a degree of capital protection subject to the performance of the FTSE100 Index and the financial strength of Barclays: -

• The Growth option offers a return of 4 times the growth in the FTSE100 Index over the next 5 years. The maximum return is capped at 100% and you would therefore benefit from an accelerated return on your capital as the stockmarket hopefully rises from its current position.



• The Income option will provide a tax-free income of 6.75% in year one rising to 7.6% by year five.

Both plans have in-built security in that your capital is returned in full at the end of the term provided the FTSE100 Index does not fall by 50% during the five year term and fails to recover before the Maturity Date.

The closing date for new investments is the 17 April 2009 with an ISA transfer deadline of 27 March 2009.