VitalityInvest Retirement Plan
This site is for UK investment professionals only. If you're not an investment professional, please find out more about us at vitality.co.uk.
Helping your clients achieve the future they want
Our Retirement Plan is a personal pension that allows your clients to save towards their retirement and access their savings flexibly when they retire.
How the plan works
With a VitalityInvest Retirement Plan, your clients are able to invest in a wide selection of funds. They’ll get tax relief on the money they put in and we'll refund tax relief on any personal contributions, up to a limit set by Her Majesty’s Revenue & Customs (HMRC). Any growth, interest and dividends will be tax-free however they may need to pay tax on any money they withdraw.
When they reach retirement they can keep their money invested, take a tax-free lump sum when allocating all or part of their plan to flexi-access drawdown, or take cash lump sums (UFPLS).
Qualifying criteria applies – please refer to our terms and conditions.
Healthy Fee Saver.
With our low product and fund charging structure, together with the Vitality Programme, our plans with Healthy Fee Saver help support your clients’ portfolios.
- Competitive fund charges: on all Vitality funds. Starting at 0.25% p.a for our Risk Optimiser funds.
- Healthy Living Discount: the opportunity to pay the lowest product charge in the market – zero. Our product charges start as low as 0.25% p.a. And we’ll apply no product charge on the amount above £250,000 for all investors. Plus, when your clients take steps to be healthy, improve their Vitality status and invest in Vitality funds, they could even enjoy zero product charges across their whole plan.
- Vitality Programme: bring health and longevity to your financial planning. Your clients get automatic access to our Vitality Programme at no extra cost. It helps them take steps towards a healthier future – and rewards them for it with real financial benefits.
Retirement Plan Toolkit.
In this toolkit, you can easily access everything you’ll need to talk to your clients about our Retirement Plan. We’ve highlighted the most popular resources in yellow, and you can find a list of the others below. You'll find other toolkits throughout our website.
Reasons to choose VitalityInvest brochure
VitalityInvest at a Glance - Healthy Fee Saver
Adviser due diligence guide
Funds guide
Looking to invest your clients' money in Vitality funds for the long term?
About our Retirement Plan
At a glance
Our Retirement Plan
Easy to start
Your client can start a plan with regular contributions of £200 a month, or with a lump sum of at least £3,600. There’s no minimum amount for additional lump sums.
Flexible contributions
Your client can stop, start, increase or decrease regular contributions, and pay in lumps sums at any time up to their annual tax allowance.
Simple transfers
We make it easy for your client to bring pension pots together into one VitalityInvest Retirement Plan.
Easy access
When your client reaches 55, they can access their money in a way that works for them.
|
Feature |
Retirement Plan (Accumulation) |
Retirement Plan |
|
|
Payments into the plan |
Minimum initial single contribution |
£3,600* |
No minimum on crystallisation of existing plan |
|
Minimum initial transfer value |
£3,600 |
£25,000 |
|
|
Minimum regular contribution (per month) |
£200* |
n/a |
|
|
Payments out of the plan |
Minimum withdrawal amount |
n/a |
£0 |
|
Regular income can be taken on any day between 1st and 28th of the month |
n/a |
|
|
|
Minimum/maximum age |
Minimum age at entry |
18 |
55 |
|
Maximum age at entry |
n/a |
n/a |
|
|
Insurance benefit |
Accidental death benefit (value of plan increased by 5% on death due to accident) |
|
|
|
Shared value through Healthy Fee Saver |
Vitality Programme (Select version) |
|
|
|
Healthy Living Discount |
|
|
|
|
Investment options |
Vitality funds |
|
|
|
Third-party funds |
|
|
|
|
Create model portfolios |
|
|
|
|
Pre-funding of switches between funds |
|
|
|
* Includes tax relief
Product charges
Funds
Funds
In partnership with three world-leading fund managers, we offer ready-made investment solutions – helping take care of the governance for you. Plus, our VitalityInvest Risk Optimiser funds have now been delivering on their outcomes for over three years.
For extra flexibility, we offer over 500 third-party funds, from more than 50 leading fund managers. Together with model portfolio functionality, it means you can create your clients’ preferred investment solutions.
See our Funds page for more information
Easy to work with
Where to next?
-
Healthy Fee Saver with Boosters
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We also offer plans which can give your clients' investments a boost over the longer term when they invest in Vitality funds.
-
Healthy Living Discount
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By making healthy lifestyle choices, your clients can save more on product charges through our Healthy Living Discount.
-
ISA
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Help your clients fund their ambitions tax efficiently with our VitalityInvest ISA.
-
Junior ISA
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Choosing a VitalityInvest Junior ISA is an ideal way for your clients to invest on behalf of their children and give them a financial head start.
Contact your Business Consultant
or call 0800 096 4368
Lines are open (freephone)
Monday to Thursday: 8am - 9pm
Friday: 8am - 7pm
Saturday: 9am - 5pm
Sunday: closed
The value of investments – and the income from them – can go down as well as up, meaning your client may get back less than they invest.
Any tax benefits your client receives depends on their individual circumstances as well as current tax law – both of which may change in the future.
This isn’t intended as a personal recommendation to invest in a particular product. Your clients’ investments should be based upon their unique circumstances, attitude to risk and investment goals, and should be regularly assessed.
“Vanguard” is a trade mark of The Vanguard Group, Inc., and has been licensed for use by Vitality Life Limited.