General Investment Account

Our General Investment Account (GIA) provides access to a wide range of assets, giving savings the potential for capital growth and income, as well as providing a flexible means of investing and accessing money. You can apply for the Accounts below through the Scottish Widows Platform.

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FEATURES AND BENEFITS

The Account provides access to a wide range of assets, giving savings the potential for capital growth and income.
Provides your client with a flexible means of investing and accessing their money.

APPLICATION

Your client is eligible for this Account if they:

are aged 18 years or over.
are a resident in the UK and have been for at least the last 6 months (for tax purposes).

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CHARGING

The Platform Account charge is a percentage charge based on the value of the assets under administration in the client’s Scottish Widows Platform Account.

For more information on our charges, take a look at our Easy to understand charges – at a glance.

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THE RISKS

As with all investments, there is some risk involved with the General Investment Account.

The value of the Account may go down – and your client may get back less than they invested.
The level of risk and potential performance depends on the assets invested in.
Changes to tax legislation may affect the tax benefits of the Account.
Charges may increase in future.

MANAGING THE ACCOUNT

Keep your clients’ Account in check and up to date.

TAKING MONEY OUT OF AN ACCOUNT

You can arrange regular withdrawals monthly, quarterly, half-yearly or yearly. You can take one-off withdrawals from available cash in your clients Account at any time.

You can use our automated Bed & ISA functionality to sell investments held within a GIA and use the proceeds, or cash held within the GIA, to top-up an existing Individual Savings Account (ISA).

CLOSING AN ACCOUNT

If you, or your client, change your mind regarding the Investment Account, the Account will be cancelled within 30 days of the customer receiving a cancellation notice. You can contact us by post at Scottish Widows Platform, PO Box 24065, 1 Tanfield, Edinburgh, EH3 1EY, or by email at openwork@scottishwidowsplatform.co.uk.

Cancellation terms apply and full details on this can be found in our Terms and Conditions.

DOCUMENTS

For supporting documents please view our literature library.

View documentation

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PERSONAL PENSION

Flexibility to provide for the most simple or sophisticated requirements, including both the Pension Commencement Lump Sum (PCLS) and Uncrystallised Funds Pension Lump Sum (UFPLS).

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STOCKS AND SHARES ISA

Our Flexible Stocks and Shares ISA has access to a wide range of assets, and allows contributions to be replaced if they are withdrawn with in the same tax year.

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Access to a wide range of assets, giving savings the potential for capital growth and income, as well as providing a flexible means of investing and accessing money.

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JUNIOR PERSONAL PENSION

Giving your clients’ children a head start – a parent/guardian will be required to be added to the Account as the registered contact, with the child as the Account holder.

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JUNIOR STOCKS AND SHARES ISA

Tax efficient gifting between generations on the Junior Stocks and Shares ISA; available for children up to the age of 18.

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THIRD PARTY INVESTMENT ACCOUNT

These allow clients to retain the product features of their existing pension or offshore bond whilst being able to access additional investment opportunities through the Scottish Widows Platform.