Capital Protected Funds.
Recently Scottish Widows wrote to you to tell you that your investment was reaching its protection date soon and your investment in the Capital Protected Fund will end.
You need to consider your options and let Scottish Widows know what you’ve decided as soon as possible.
REMEMBER: If your investment is currently in an ISA you can transfer it to another ISA and retain the ISA status on your money without affecting your allowance for the current tax year.
If you are considering transferring your money into tax free savings, view our range of cash ISAs.
If you already have a stocks & shares ISA, you can now transfer this into a cash ISA. Your current stocks and shares ISA provider may impose exit charges or other costs associated with transfer and you will be responsible for paying these - please check this with your current provider.
Also, the investments you currently hold in your stocks and shares ISA will have to be sold and it is possible that you could lose out if there is a rise in the market whilst the transfer is being completed and we do not accept liability for any such loss. Find out more about transferring into one of our cash ISAs.
Alternatively, view our full range of savings accounts.
If you want to receive the proceeds of your investment in cash, please complete and return the Investment Proceeds Form that Scottish Widows sent you. They will then send you a cheque for the proceeds approximately 10 days after your investment has matured.
Please don’t forget that if you withdraw the funds from your investment as cash, you’ll lose any potential tax benefits if your investment was held within an ISA. If you decide later that you do want to use an ISA, you’ll only be able to use the ISA allowances for this and future tax years.
Where can I get more information?
You may find it useful to look at our Investing or Saving page, which talks through the differences between the two. This could help you to decide whether saving or investing would suit you better as your circumstances may have changed since you first took out your investment.
We don’t offer advice on investments, but the Money Advice Service has a range of helpful financial guides online, as well as details of Independent Financial Advisers near you.
If you have a significant level of savings and investments, or income, then you may benefit from financial advice.