Thinking of making a withdrawal from your plan?

If you are considering making a withdrawal there are a few key points you should consider first.

• Your plan should be viewed as a long-term investment to meet your financial objectives over a 5 to 10 year period.
• If you see a decrease in the value of your plan because the stock market has fallen, you don’t actually lose any money unless you make a withdrawal from your plan at that time.
• Consider using money held on deposit in short-term savings accounts before making withdrawals from your long-term plans.

In addition you may also need to establish if any of the following will affect your financial position

• Tax charges on any gains made as a result of a withdrawal (not applicable to ISA Investor)
• Any income or gains arising on amounts withdrawn from your ISA Investor will no longer be free from personal tax
• Loss of any loyalty bonus (which may be available on Personal Investment Plans)
• Movement into higher rate tax band as a result of a withdrawal (not applicable to ISA Investor)
• Impact of any guarantees (particularly on Guaranteed Investment Plans and the Capital Protected Option)

• ISA Investor 
• Collective Investment Plan
• Guaranteed Growth Bond (until Oct 2008)
• Investment Bond
• Bonus Bond
  Call 01904 611110 *
• Personal Investment Plan (invested before the 27th June, 2010)
• Guaranteed Investment Plan
  Call 0870 901 0137 *
• Personal Investment Plan (invested after the 28th June 2010)
  Call 0800 141418 **
• Scottish Widows ISA or OEIC
  Call 0845 300 2244 **