Common OEIC Enquiries

How much can I invest?

• The minimum single payment investment you can make into our income and growth OEIC Funds is £3,000
• You can top up your investment as long as each lump sum payment is £250 or more.
• If you’re investing regularly, you can contribute from £150 per month
• There is no maximum amount you can put in an OEIC fund
• Remember, whilst there is the potential of good returns you may get back less than originally invested.

 Can I top up my investment?

• You can top up your investment as long as each payment is £250 or more.
• If you choose to save regularly, you can top-up with additional payments of at least £10 per fund, per month.

 Can I switch between funds within my OEIC?

• Yes. You may decide to take a different investment approach and switch your investment from one Scottish Widows OEIC fund to another. No charges will be made for switching between the different growth funds.
• Switches between OEIC funds can be subject to capital gains tax.
• Please refer to your Key Features for more information.

 What will happen to my OEIC if I die?

• Your investment will remain in force until we receive instructions from your executors. It will form part of your estate for inheritance tax purposes.

 Why invest with Scottish Widows?

• Scottish Widows aims to find solutions that can help meet our customers’ financial needs. Part of our service is to make everything as clear and easy to understand as possible. As the specialist life, pensions and investment arm of Lloyds Banking Group, Scottish Widows aims to help you achieve your long-term objectives.
• Through the combined organisation of Scottish Widows and Lloyds Banking Group, planning for a more secure and successful future couldn’t be easier. You have access to a wide range of attractive products, supported by a wealth of knowledge and experience gained by looking after the individual and business needs of customers nationwide.
• Scottish Widows has been helping people secure their financial future for over 190 years, so you know your money will be invested with a company you can trust.

For more information, book an appointment with a financial adviser

We understand that choosing where to invest your hard-earned money is an important and often tricky decision – there’s a lot to consider before you decide which product is best for you. But we don’t expect you to make that decision alone.