IN DETAIL

Features

  • Invest a single payment or monthly payments
    • Invest in most of our OEIC funds with a single payment of £1,000 or more. Please be aware that the minimum amount depends on the fund(s) being invested into
    • Or make monthly payments, starting from £50 a month
  • If you want to help protect your investment from tax, you can also choose to invest in most of our OEIC funds through an ISA
  • Receive regular statements and have the ability to monitor performance online or by telephone
  • Option to invest on behalf of your children. When the child reaches the age of 18 the child can then hold the investment in their own right.

Investment options

Single or monthly payments?

When you invest in a Scottish Widows OEIC fund, you will be allocated a number of shares. You choose either to make a single payment or monthly payments.

If you invest by single payment, you can choose either Income shares (which could provide you with a regular pay-out of income), or Accumulation shares (any income earned by the shares is kept in the fund to accumulate). The fund price then reflects the fact that this income is automatically reinvested. If you’re investing for income, you should consider funds offering ‘income shares’ instead.

If you decide to invest monthly, only Accumulation shares are available.

Funds available

We offer a variety of OEIC funds, including UK and overseas funds, multi-manager and specialist funds. Our range of funds include exposure to different asset classes such as Cash, Bonds, Property and Equities.

Below is a list of the OEIC funds currently offered by Scottish Widows.

Please note:

  • We may change the selection of funds we make available. OEICs are also known as Investment Companies with Variable Capital (ICVCs).
  • Prospectus changes for the relevant period can be found at the beginning of the interim and annual Long Reports for each ICVC listed below.

  • Balanced Growth Portfolio
  • Balanced Portfolio
  • Cautious Portfolio
  • Dynamic Income Portfolio
  • Managed Income Portfolio
  • Momentum Income Portfolio
  • Opportunities Portfolio
  • Progressive Portfolio
  • Stockmarket Growth Portfolio
  • Strategic Growth Portfolio

  • American Growth
  • European Growth
  • European Select Growth
  • Global Growth
  • Global Select Growth
  • Japan Growth
  • Pacific Growth

  • UK Tracker
  • Emerging Markets
  • International Bond
  • Latin American
  • UK Smaller Companies

  • Corporate Bond
  • Environmental Investor
  • Ethical
  • Gilt
  • High Income Bond
  • High Reserve
  • SafetyPlus®
  • Strategic Income
  • UK Equity Income
  • UK Growth
  • UK Select Growth

  • Adventurous Solution
  • Balanced Solution
  • Cautious Solution
  • Defensive Solution
  • Discovery Solution
  • Dynamic Solution
  • Strategic Solution
  • Diversified Portfolio Fund

  • Cautious Growth Fund
  • Balanced Growth Fund
  • Progressive Growth Fund
  • Adventurous Growth Fund

  • MM Global Real Estate
  • MM International Equity
  • MM UK Equity Focus
  • MM UK Equity Income
  • MM UK Equity Growth

  • Asset Allocator
  • IPS Growth Portfolio
  • IPS Income Portfolio
  • IPS Higher Income Portfolio
  • Managed Growth 2
  • Managed Growth 4
  • Managed Growth 6

Key reading

Taxation

Personal Savings Allowance

On 6 April 2016, the Government introduced a Personal Savings Allowance on the interest earned on savings and on interest paying bank accounts. This means:

  • The first £1,000 of savings interest that basic rate taxpayers earn is free from income tax;
  • The Personal Savings Allowance is reduced for higher rate taxpayers, meaning the first £500 of savings interest is free from income tax
  • There is no Personal Savings Allowance for additional rate taxpayers;
  • You'll normally need to pay tax on any savings interest you receive above your Personal Savings Allowance;
  • It is your responsibility to pay any tax you may owe directly to HM Revenue & Customs, according to your individual circumstances.

For more information about the Personal Savings Allowance, please visit www.gov.uk. The amount of your Personal Savings Allowance, if any, depends on your own circumstances. If you are in any doubt, then please refer to your tax adviser or local tax office for further guidance.


Interest Distributions

From 6 April 2017, all interest distributions from your OEIC investments with us will be paid without deduction of income tax (otherwise referred to as being paid ‘gross’). The gross payment is savings income for the purposes of the Personal Savings Allowance, and should be considered for self-assessment purposes.


Dividend Distributions

Dividend distributions are classed as taxable income, so you may need to declare the total amount received or earned to HM Revenue and Customs (HMRC). Depending on your personal circumstances you may have a liability to pay tax on some or all of the dividends received or earned.

For details of the current dividend allowance, please visit www.gov.uk


Capital Gains

Unless you have invested via an Individual Savings Account (ISA), you may have to pay Capital Gains Tax on any gain that you make when you cash in your shares or switch between funds. This might be payable if you sell your investment and make a profit (a gain).


Inheritance Tax

When you die the value of your investment will form part of your estate for inheritance tax purposes. The money will remain invested until we receive instructions from your legal representatives.

If you are in any doubt, then please refer to your tax adviser or local tax office for further guidance.


Risks

  • The value of your OEIC, and any income from it, is not guaranteed and can go up and down depending on investment performance (and currency exchange rate changes where a fund invests overseas). You may get back less than the original amount you invested
  • Each fund has its own risks. Please see the relevant Key and Supplementary Investor Information documents for further information. Links to these documents can be found above
  • The benefits of the tax advantages depend on your personal circumstances
  • Tax rules can change

Need further information?

View our FAQs or contact us.


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