Stocks & Shares ISA application

Transcription

1 Stocks & Shares ISA application Here s what you need to read In this document: Key Facts about our services Stocks & Shares ISA brochure Stocks & Shares ISA Conditions Other documents: Key Investor Information Here s what you need to send back ISA application form (if you want to start a new ISA) ISA transfer form (if you want to transfer an existing ISA to us) Direct debit form (if you want to pay monthly) Where do I send? Freepost Virgin Money PO Box 9522 Chelmsford CM99 2AB

2 Transferring your ISA to a Virgin Stocks & Shares ISA To transfer an existing ISA to Virgin Money, please: 1/3(K) 1 read the important notes, 2 fill in the relevant details, 3 return this form to us in the pre-paid envelope provided. About you Full name including title Home address This should be your permanent residential address Postcode Telephone (preferred) (alternative) Date of birth National Insurance number You can find this on either your P60, payslip, tax return, or on the front of your pension book. The format is two letters, six numbers and a letter. Virgin Money account number office use only If you do not have a National Insurance number please tick this box VIR / / Your transferring ISA company s details Company name Address Postcode About the ISA you want to transfer See important notes overleaf Current tax year ISA - complete this section if you want to transfer this tax year s ISA to Virgin Money. Please note: with a current tax year ISA you must transfer all the money. You can t transfer part of it. Type of ISA (cash or stocks & shares) Account number(s) Amount paid in current tax year ( ) Estimated transfer amount ( )

3 Transferring your ISA to a 2/3 Virgin Stocks & Shares ISA Previous years ISAs - complete this section if you want to transfer money from previous tax years ISAs to Virgin Money. Please note: with ISAs from previous tax years, you can transfer all or part of your ISA. Any Cash held in an ISA can now be transferred into a Stocks & Shares ISA if you wish. Type of ISA (cash or stocks & shares) Account number How much do you want to transfer to Virgin Money? All (tick box) Where would you like your transfer money invested? Please split my transfer money as follows: Virgin Bond and Gilt Fund Virgin Bond, Gilt and UK Share Fund Virgin Bond, Gilt, UK and Overseas Share Fund Virgin UK FTSE All-Share Fund Virgin Global Share Fund Virgin Climate Change Fund * % % % % % % *Please note: The minimum monetary amount you can transfer into the Climate Change Fund is 500. The minimum amount you can transfer into our other funds is 1. Income payments You can choose to have your income reinvested to buy units in your ISA, or paid twice yearly into your bank account. I d like to have my income reinvested I d like to have my income paid out Please note This excludes the Virgin Climate Change Fund. If you d like income to be paid to you, please fill in your bank details below. Bank or building society name Address including postcode Name of account holder(s) Sort code Account number/roll number Note: You must be named on the account we make your income payments to. Some banks/building societies do not accept direct payments. Check with your bank/building society if you re not sure.

4 Transferring your ISA to a 3/3 Virgin Stocks & Shares ISA Important notes Please make sure you understand the impact of any charges made by your current ISA provider. You can t transfer shares or other investments. Your current ISA provider must sell your investments and send us the transfer amount by cheque. As Virgin Money ISAs don t contain a life insurance element, we can t accept transfers of current tax year ISAs which contain life insurance, or the life insurance part of any previous tax years ISAs. We will send your transfer request to the transferring company, who will make the payment directly to us. All money will be invested on the day we receive it. (Please note, money received after 5pm will be invested on the following day.) There is no option to cancel but you can withdraw your money at any time. Instruction to the transferring ISA company I would like to transfer the ISA(s) shown above to Virgin Money. Please liquidate my ISA investments and pay the proceeds to Virgin Money by cheque. I authorise you to provide Virgin Money with any information they may request from you in relation to my ISA(s). I declare that: I am aged 18 years or over. all subscriptions made, and to be made, belong to me. I have not subscribed and will not subscribe more than the overall subscription limit in total to a cash ISA and a stocks and shares ISA in the same tax year. I have not subscribed and will not subscribe to another stocks and shares ISA in the same tax year that I subscribe to this Virgin Stocks & Shares ISA. I am resident in the UK for tax purposes or, if not so resident, either perform duties which, by virtue of section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the UK, or I am married to, or in a civil partnership with, a person who performs such duties. I will inform Virgin Money Personal Financial Service Ltd if I cease to be so resident or to perform such duties, or to be married to, or in a civil partnership with, a person who performs such duties; and this application form has been completed to the best of my knowledge and belief. I have seen the latest Key Investor Information for the fund(s) I am investing in. I authorise Virgin Money Personal Financial Service Ltd: to hold my cash subscription, Virgin Stocks & Shares ISA investment(s), interest, distribution(s) and any other rights or proceeds in respect of these investments and any other cash; and to make on my behalf, any claims to relief from tax in respect of my Virgin Stocks & Shares ISA investments. on my request, to transfer or pay to me, as the case may be, my Virgin ISA investments, interest, distributions, rights or other proceeds in respect of such investments or any Cash. I agree: to the terms and conditions of the Virgin Stocks & Shares ISA. that information about me may be passed on to other companies to verify my identity, manage my ISA, and for customer analysis. that information about me may be transferred and processed outside the European Economic Area, if this is necessary to manage my ISA. It is important that you read the terms and conditions that apply to this contract before signing it. If there is any term that you do not understand, please contact us. Your signature Date / / Virgin Money Personal Financial Service Ltd Registered in England and Wales (Company No ). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised and regulated by the Financial Conduct Authority. 7.15_VM5798

5 Virgin Stocks & Shares ISA application To apply for a Virgin Stocks & Shares ISA, please: 1/3(K) 1 check and complete the relevant details on this form 2 sign and date the declaration overleaf 3 refer to the checklist at the end to make sure you send us everything we need to set up your ISA About you Full name including title Home address This should be your permanent residential address Postcode Telephone (preferred) (alternative) Date of birth National Insurance number You can find this on either your P45, P60, payslip, tax return, on the front of your pension book or on letters from HM Revenue & Customs or DWP. The format is two letters, six numbers and a letter / / If you do not have a National Insurance number please tick this box Virgin Money account number office use only VIR Opening payment into your Virgin Stocks & Shares ISA To open your Virgin Stocks & Shares ISA you can either send in an initial payment by cheque or sign a monthly direct debit. Or do both. Please note: The maximum you can pay each tax year into a Virgin Stocks & Shares ISA is 15,240. Lump sum payment if applicable I d like to invest the following amounts in my ISA Virgin Bond & Gilt Fund Virgin Bond, Gilt and UK Share Fund Virgin Bond, Gilt, UK and Overseas Share Fund Virgin UK FTSE All-Share Fund Virgin Global Share Fund Virgin Climate Change Fund Making my total payment * *Please note: The minimum initial payment into the Climate Change Fund is 500. The minimum initial payment into our other funds is 1. Please make your cheque payable to Virgin Money and write your name and postcode on the back.

6 Virgin Stocks & Shares ISA application 2/3 Monthly payments by direct debit if applicable I d like to invest the following monthly payments in my ISA Virgin Bond & Gilt Fund Virgin Bond, Gilt and UK Share Fund Virgin Bond, Gilt, UK and Overseas Share Fund Virgin UK FTSE All-Share Fund Virgin Global Share Fund Virgin Climate Change Fund Making my total payment * Which day of the month would you like payments to be collected? 1 st to 28 th Which month would you like your first direct debit payment to be collected? It can take up to ten business days for a Direct Debit to be set up by your bank or building society. If you don t name a month we ll start collecting your payments on your chosen payment day (1 st to 28 th ) as soon as it comes round. * Please note The minimum monthly payment for the Climate Change Fund is 50. The minimum monthly payment for our other funds is 1. Income payments Please tell us if you d like your income payments to be OR Please note This excludes the Climate Change Fund. Reinvested into your ISA Paid to you If you d like income to be paid to you, please fill in the details below. Bank or building society name Address including postcode Name of account holder(s) Sort code Account number/roll number Note: You must be named on the account we make your income payments to. Some banks/building societies do not accept direct payments. Check with your bank/building society if you re not sure.

7 Virgin Stocks & Shares ISA application 3/3 Declaration I apply: to subscribe to a Virgin Stocks & Shares ISA for the 2015/2016 tax year and each subsequent tax year until I tell you otherwise. I declare that: I am aged 18 years or over. all subscriptions made, and to be made, belong to me. I have not subscribed and will not subscribe the overall subscription limit in total to a cash ISA and a stocks and shares ISA in the same tax year. I have not subscribed and will not subscribe to another stocks and shares ISA in the same tax year that I subscribe to this Virgin Stocks & Shares ISA. I am resident in the UK for tax purposes or, if not so resident, either perform duties which, by virtue of section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the UK, or I am married to, or in a civil partnership with, a person who performs such duties. I will inform Virgin Money Personal Financial Service Ltd if I cease to be so resident or to perform such duties, or to be married to, or in a civil partnership with, a person who performs such duties; and this application form has been completed to the best of my knowledge and belief. I have seen the latest Key Investor Information for the fund(s) I am investing in. I authorise Virgin Money Personal Financial Service Ltd: to hold my cash subscription, Virgin Stocks & Shares ISA investment(s), interest, distribution(s) and any other rights or proceeds in respect of these investments and any other cash; and to make on my behalf, any claims to relief from tax in respect of my Virgin Stocks and Shares ISA investments. I Agree: to the terms and conditions of the Virgin Stocks and Shares ISA. that information about me may be passed to other companies to verify my identity, manage my ISA, and for customer analysis. that information about me may be transferred and processed outside the European Economic Area, if this is necessary to manage my ISA. I have enclosed the documents mentioned in the checklist below. It is important that you read and understand the terms and conditions that apply to this contract before signing it. If there is any term that you do not understand, please contact us. Your signature Date Checklist / / Virgin Money Personal Financial Service Ltd are responsible for the security of your personal data. You are entitled to a copy of information we hold about you on payment of a fee. A copy of this application form is available on request. To set up your ISA please send us the following in the pre-paid envelope provided: This form fully completed and signed. Your opening cheque for your initial lump sum investment if applicable We can only accept cheques made out to Virgin Money which are from your own bank or building society account cheques from other people cannot be accepted. Your direct debit form if applicable We can only accept direct debits from an account where you are named. Virgin Money Personal Financial Service Ltd Virgin Money Personal Financial Service Ltd is authorised and regulated by the Financial Conduct Authority. Registered office: Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL Registered in England no _VM5797

8 Instruction to your bank or building society to pay by Direct Debit Please fill in the whole form using a ball point pen and send it to: Virgin Money plc PO Box 9522 Chelmsford CM99 2AB Name(s) of account holder(s) Service user number Reference number Bank/building society account number Branch sort code Instruction to your bank or building society Please pay Virgin Money plc Direct Debits from the account detailed in this Instruction, subject to the safeguards assured by the Direct Debit Guarantee. I understand that this Instruction may remain with Virgin Money plc and, if so, details will be passed electronically to my bank/building society. Name and full postal address of your bank or building society Signature(s) Date Banks and building societies may not accept Direct Debit instructions for some types of account This guarantee should be detached and retained by the payer. The Direct Debit Guarantee This Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits If there are any changes to the amount, date or frequency of your Direct Debit Virgin Money plc will notify you 10 working days in advance of your account being debited or as otherwise agreed. If you request Virgin Money plc to collect a payment, confirmation of the amount and date will be given to you at the time of the request. If an error is made in the payment of your Direct Debit, by Virgin Money plc or your bank or building society, you are entitled to a full and immediate refund of the amount paid from your bank or building society If you receive a refund you are not entitled to, you must pay it back when Virgin Money plc asks you to You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify us.

9 ABOUT OUR SERVICES AND COSTS Virgin Money PO Box 9522 Chelmsford CM99 2AB 1 The Financial Conduct Authority (FCA) The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers considering buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it. 2 Which service will we provide you with? Independent advice - We will advise and make a recommendation for you after we have assessed your needs. Our recommendation will be based on a comprehensive and fair analysis of the market. Restricted advice - We will advise and make a recommendation for you after we have assessed your needs, but we only offer advice on limited types of products, or products from one company or a limited number of companies. No advice - You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed. 3 What will you have to pay us for our services? Before we provide you with advice, we will give you our keyfacts guide about the cost of our services. We will tell you how we get paid, and the amount, before we carry out any business for you. 5 Loans and ownership Virgin Money Holdings (UK) plc has 100% of the voting rights and owns 100% of the share capital of both Virgin Money Personal Financial Service Ltd and Virgin Money Unit Trust Managers Ltd. 6 What to do if you have a complaint If you wish to register a complaint, please contact us: In writing to: Virgin Money, PO Box 9522, Chelmsford CM99 2AB By phone: * If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. 7 Are we covered by the Financial Services Compensation Scheme (FSCS) We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Most types of investment business are covered up to a maximum of 50,000. Further information about compensation scheme arrangements is available from the FSCS. *All calls are recorded and randomly monitored. 4 Who regulates us? Virgin Money Personal Financial Service Ltd, 28 St Andrew Square, Edinburgh, EH2 1AF is authorised and regulated by the Financial Conduct Authority. Our Financial Services Register number is Our permitted business is arranging pension and unit trust business. You can check this on the Financial Services Register by visiting the FCA s website register or by contacting the FCA on G9V1_10.15

10 Virgin Stocks and Shares ISA 1

11 Virgin Stocks and Shares ISA Beautifully simple designed to let everyone benefit from the stock market 2

12 If you are looking for a higher potential return than a savings account can offer, you are willing to invest for at least five years and you are happy to accept a greater risk to your investment, a Virgin Stocks and Shares ISA could be the right choice for you: You can pay in up to 15,240 this tax year. You can use a Stocks and Shares ISA to grow your savings, or get a regular income from them*. You will not pay tax on the growth in value or income you receive from your investment and there is no need to mention your ISA on your annual tax return. You can pay in lump sums, regular monthly amounts and transfer in other ISAs. You will pay an annual ongoing charge we explain more about this later. When you open your Virgin Stocks and Shares ISA, all you need to do is to choose which of our funds you would like to invest in. You decide how much risk you are prepared to take with your money in order to pursue investment growth - and then make your choice. You will find information about our funds and how they work on pages 6 to 9 of this brochure. *Excludes climate change fund Please remember Stocks and shares are riskier than other types of investments and ordinary savings accounts. The value of your investment and any income it provides can go down as well as up and you may get back less than you invest. Tax depends on your individual circumstances and may change in the future. 3

13 virginmoney.com l An ISA that is simple, straightforward and flexible 4

14 We have designed the Virgin Stocks and Shares ISA to be easy to understand, easy to set up, and completely flexible. If you set up regular payments, you can change the amount you pay in at any time online, or by calling us. You can make one-off top-up payments using your debit card and you can switch your money between any of our investment funds whenever you want, free of charge. No notice period means you can get at your money quickly whenever you need to and with no penalty but please bear in mind that any money you pay in will need 10 days to clear before you can withdraw it. Easy access to your money, but please remember... While you can withdraw your money at any time, investing in a Virgin Stocks and Shares ISA is riskier than investing in a deposit account. It should be considered a medium to long-term investment so you should be prepared to invest your money for at least five years. 5

15 virginmoney.com l How your investment works The money you pay into a Virgin Stocks and Shares ISA is invested in funds. We have created six funds, each of which invests in either company shares, bonds and gilts, or a mixture of both (these are known as assets ). Each fund is made up of a different mix of assets, so the level of risk and the potential investment return on offer will vary. You can decide how much risk you are prepared to take with your money in pursuit of investment growth. You can put all your money in just one fund, or mix and match between them. And you can stay in control by switching money, free of charge, between funds whenever you like. However, investing in the Climate Change Fund is subject to minimum amounts. You can see below how our funds compare against one another. Each of our funds falls into one of three categories, with increasing investment risk and potential investment return across the categories. The three categories are: 1. Bonds and gilts only (funds that invest in bonds and gilts only) 2. Mixed (funds that invest in a mixture of bonds and gilts, and company shares) 3. Share-only (funds that invest in company shares only) You will find more information about our funds and the applicable fund charges on page 9 of this brochure, and in the Key Investor Information documents. Bonds and gilts only Mixed Share-only Higher Virgin UK FTSE All-Share Fund Virgin Global Share Fund Virgin Climate Change Fund Potential return Virgin Bond and Gilt Fund Virgin Bond, Gilt and UK Share Fund Virgin Bond, Gilt, UK and Overseas Share Fund Lower This chart is for illustrative purposes only and is not intended to be an accurate representation of the actual risk rating or potential reward of our funds. Lower Risk Higher Where our funds invest Bonds and gilts UK shares Overseas shares Emerging markets shares Virgin Climate Change Fund shares (UK and overseas shares) 6

16 The building blocks that make up our funds Our six funds are made up, all or in part, from building blocks of bonds and gilts, and shares from companies in UK, overseas and emerging markets. Bonds and gilts Bonds and gilts are basically IOUs issued by the UK Government and organisations looking to raise finance from investors. In return, they pay the holder a rate of interest. Although bonds and gilts can fall in value, historically they have been less likely to go through the dramatic ups and downs of the stock market. Typically they give better returns than a bank or building society deposit account. UK shares These are shares issued by UK companies. Our funds invest in every one of the 600+ companies that make up the UK FTSE All-Share Index, spreading your risk and giving you the benefit of the long-term potential of overall stock market growth. Typically UK shares provide higher rewards but with a higher level of risk than bonds and gilts. Overseas shares These are shares issued by companies in developed overseas stock markets such as the US and those across Europe. Investing in overseas shares spreads your risk and gives you the benefit of the potential of stock markets around the world. Typically overseas shares provide higher rewards but with a higher level of risk than bonds and gilts. Emerging markets shares These are shares issued by companies in emerging economies such as China and Brazil. You could benefit from geographic diversity. Typically emerging markets shares provide higher rewards than bonds, gilts, shares issued by established UK companies and companies in developed countries overseas but with a higher level of risk. Virgin Climate Change Fund shares (UK and overseas shares) Selected by the Fund Manager, these are mainly shares of European companies that aim to grow their capital while at the same time being environmentally aware. You could benefit from growing your investment by potentially more than the stock market whilst investing in a range of mainly European companies that are delivering improved environmental performance. Typically, this approach provides higher rewards but carries a higher level of risk than our other funds. Remember, the value of your investments can go down as well as up and you may get back less than you invest. This is a medium to long-term investment so you should be prepared to invest your money for at least five years. Tax depends on your individual circumstances and may change in the future. 7

17 virginmoney.com l Making the investment choice that is right for you Our range of funds offers different levels of risk and potential investment return so you can choose the fund or combination of funds that best meets your needs. Generally, the more risk you are prepared to take with your money the greater the potential return. You can see below how our funds compare. We offer three categories of funds, increasing in terms of investment risk and potential investment return. The three categories are: 1. Bonds and gilts only (funds that invest in bonds and gilts only) 2. Mixed (funds that invest in a mixture of bonds and gilts, and company shares) 3. Share-only (funds that invest in company shares only) Bonds and gilts only Mixed Share-only Higher Virgin UK FTSE All-Share Fund Virgin Global Share Fund Virgin Climate Change Fund Potential return Lower Virgin Bond and Gilt Fund Virgin Bond, Gilt and UK Share Fund Virgin Bond, Gilt, UK and Overseas Share Fund This chart is for illustrative purposes only and is not intended to be an accurate representation of the actual risk rating or potential reward of our funds. Lower Risk Higher Where our funds invest Bonds and gilts UK shares Overseas shares Emerging markets shares Virgin Climate Change Fund shares (UK and overseas shares) 8

18 Our range of funds You can see below where each of our funds invests your money and why you might consider it. With the exception of the Climate Change Fund, each of our funds has the same annual management charge called the ongoing charge. This means your decision on where to invest can be based on the amount of risk you are prepared to take with your money. You do not need to make your decision based on different fees between the funds. Virgin Bond and Gilt Fund* This is our lowest risk fund. It invests all your money in fixed income investments such as corporate bonds and government gilts. You could consider this fund if you are looking for potentially better returns than a deposit account, but are not ready to invest in shares. Virgin Bond, Gilt and UK Share Fund* This fund invests half your money in corporate bonds and government gilts and half in UK company shares. You could consider this fund if you are looking to grow your money, but do not want to invest it all in shares. Virgin Bond, Gilt, UK and Overseas Share Fund* This fund invests a quarter of your money in corporate bonds and government gilts, half in UK shares and a quarter in developed overseas stock markets. You could consider this fund if you are looking to grow your money by investing in a range of different types of investments. Virgin UK FTSE All-Share Fund* This fund invests your money in every one of the 600+ companies making up the UK FTSE All-Share Index. You could consider this fund if you are looking to benefit from the long-term growth potential of the UK stock market. Virgin Global Share Fund* This fund invests half your money in developed overseas stock markets, a quarter in shares in UK companies and a quarter in emerging markets in countries such as China and Brazil. You could consider this fund if you are looking to grow your money by investing in the shares of companies from around the world. Virgin Climate Change Fund This fund is actively managed and invests in selected companies that aim to drive growth and are environmental leaders in their industry. You could consider this fund if you are looking for a fund that aims to provide capital growth while at the same time being better for the planet. The annual ongoing charge is 1.87% of the value of your fund. There may also be a performance related fee if the fund outperforms the benchmarks set. This will be reflected in the unit price. * These funds have an annual ongoing charge of 1% of the value of your fund. To find out more about our funds, the applicable charges and the potential risks involved please read the Key Investor Information documents and the Virgin Stocks and Shares ISA Conditions. You can also read more at virginmoney.com. If you would like some independent financial advice, please visit unbiased.com to find an adviser in your area. 9

19 virginmoney.com l Keep track 24/7 You can keep track of your savings anytime using our online service. You can also call our automated enquiry line on for an up-to-date valuation. And we will write to you twice a year to let you know how your savings are doing. Your annual ISA allowance is 15,240 You can invest up to 15,240 in a stocks and shares ISA. Or, you can choose to invest in a cash ISA. If you wish, you can spread your investment across stocks and shares and cash ISAs, subject to your total allowance of 15,240. These limits apply to the 2015/16 tax year. 10

20 Over to you Now that we have explained how the Virgin Stocks & Shares ISA works, you need to think carefully about whether it meets your needs. Please remember this is a medium to long-term investment so you should be prepared to invest your money for at least five years. If you think the Virgin Stocks and Shares ISA is just what you are looking for all you need to do is send us: Your completed application form, plus any information referred to on your application checklist. A cheque to open your account. A completed Direct Debit form if you want to save monthly. As soon as we have received your correctly completed application and invested your first payment, we will send confirmation of your investment in the post. Remember, the value of investments can go down as well as up and you may get back less than you invest. Tax depends on your individual circumstances and may change in the future. Any questions? virginmoney.com Mon-Fri 8am-9pm, Sat 9am-6pm. Calls are charged at your service provider s prevailing rate and are recorded and randomly monitored. 11

21 Virgin Money offer... Credit cards Insurance Savings Investments Pensions Mortgages FTSE is a trade mark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. All-Share is a trade mark of FTSE International Limited. The FTSE All-Share Index is calculated by FTSE International Limited. Virgin Money Personal Financial Service Limited and Virgin Money Unit Trust Managers Limited have obtained full licence from FTSE International Limited to use such copyright in the creation of this product. FTSE International Limited does not sponsor, endorse or promote this product. The Virgin Stocks & Shares ISA is promoted by Virgin Money Personal Financial Service Limited. The ISA Manager is Virgin Money Personal Financial Service Limited who also promotes the unit trusts provided by Virgin Money Unit Trust Managers Limited which are held in the Virgin Stocks & Shares ISA. Both companies are registered in England and Wales (Company numbers and respectively). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Both are authorised and regulated by the Financial Conduct Authority. The information contained in this brochure is correct as at April ISA53_04.15 FSC C everyone s better off virginmoney.com

22 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Virgin Income Trust GBP Income Units: (ISIN GB ) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Objective and Investment Policy The Fund aims to provide a level of income slightly above that which would be achieved by a fund invested solely in gilt-edged securities. The Fund will pursue a low-risk strategy while ensuring that the Fund qualifies for ISA status under the HM Revenue & Customs rules. The policy is to invest in UK gilts and a range of sterling denominated fixed-interest and other permitted investments. The Virgin Income Trust can only invest in assets that are exempt from Stamp Duty Reserve Tax (SDRT). This helps reduce the charges to the Fund and its investors. Distributions have the lower rate of income tax deducted, except in those cases, such as an ISA, where regulations require payments to be made gross. Designed for investors who: want a longer-term investment, prefer a fund that discourages active trading and is passively managed, are looking for a steady stream of interest, either as income or reinvested for capital growth. You can buy and sell units on any business day. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. The Fund is in category 4 because it invests in gilt-edged securities and corporate bonds. These typically provide moderate rewards but carry a lower level of risk than other investments such as company shares. Governments can change the tax relief available to individuals and funds. Market risk: bond and gilt prices may go up and down. Credit risk: once the Manager has paid for investments, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin Income Trust may not deliver its stated investment objective. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down. The risk category shown is not a target or guarantee and may move over time.

23 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The Ongoing Charge is based on expenses for the six month period ending on the 1 April This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or sells units in another collective investment fund and an Entry/Exit Charge could be paid. For more information about charges, please refer to the Fees and Expenses section of the Fund s Prospectus which is available by calling us on One-off charges taken before or after you invest Entry Charge none Exit Charge none Charges taken from the fund over a year Ongoing Charge 1.00% Charges taken from the fund under specific conditions Performance Fee none Past Performance 15% Past performance is not a reliable indicator of future results. % increase 10% 5% 0% 6.1% 1.8% 0.6% 2.5% 7.0% 9.8% 6.7% -4.7% 10.4% The Fund was launched in September 1995 and the unit class in September Past performance is calculated in GBP and is expressed as a percentage change of the Fund s Net Asset Value at each year end. Source: Morningstar Direct. Bid to bid unit prices, basic rate tax with income reinvested. -5% -2.2% Practical Information Trustee: Citibank International Limited. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund. Other practical information such as the unit price and how to switch is also on our website. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Liability Statement: Virgin Money Unit Trust Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. The Virgin Income Trust is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 1 June MF6_v1_6.15 C003009

24 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Virgin Bond, Gilt and UK Share Fund GBP Income Units: (ISIN GB00BR4R5H71) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL, part of the Virgin Money Group of companies. Objective and Investment Policy The objective of the Fund is to provide capital growth. The Fund invests mainly in passive collective investment schemes and will typically invest 50% in passively managed collective investment schemes which invest in fixed income securities (corporate bonds and government gilts) and will typically invest 50% in passively managed collective investment schemes which invest in shares of UK companies. The Fund may also invest in derivatives but only to reduce risks or costs. Designed for investors who: would like to grow their capital by investing in a range of different types of investments, prefer a fund that uses a passive (index-tracking) approach rather than an actively-managed one. You can buy and sell units on any business day. Any income earned by the fund on its investments can be reinvested or you can choose to have it paid to you as an income. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. As the Fund has only recently been launched the risk indicator is estimated and is based on the rate at which the value of the different types of investments the fund holds have moved up and down in the past. Note that past figures may not be a reliable indication for the future. 7 The risk and reward category shown is not a target or guarantee and may move over time. The Fund is in category 5 because it invests in a mixture of gilt-edged securities and corporate bonds which typically provide moderate rewards but carry a lower level of risk than other investments such as company shares which typically provide higher rewards but carry a higher level of risk than other investments such as gilt-edged securities. Governments can change the tax relief available to individuals and funds. Market risk: share, bond and gilt prices may go up and down. Credit risk: once the Manager has paid for investments, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin Bond, Gilt and UK Share Fund may not deliver its stated investment objective. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

25 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The Ongoing Charge is estimated at present as the unit class is relatively new and as such, there is insufficient data to calculate this exactly. This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or sells units in another collective investment fund and an Entry/Exit Charge could be paid. The Manager may also charge a Dilution Levy on the purchase or sale of units by an investor. The Dilution Levy protects remaining investors against the costs incurred by the Fund in purchasing or selling a large number of units. A Dilution Levy may be imposed: where the Fund size is in continual decline. on large deals i.e. a purchase or a redemption of 250,000 or more. any case where the Manager is of the opinion it is in the interests of remaining Unitholders. The estimated cost of a Dilution Levy would be: 0.45% of the purchase cost of units by an investor. 0.15% of the sale proceeds on a sale of units by an investor. For more information about charges, please refer to the Fees and Expenses section of the Fund s Prospectus which is available by calling us on One-off charges taken before or after you invest Entry Charge Exit Charge Charges taken from the fund over a year none none Ongoing Charge (estimated) 1.00% Charges taken from the fund under specific conditions Performance Fee none Past performance The fund was launched in February 2015 and the unit class in February At present there is insufficient data to provide a useful indication of past performance to investors. Practical information Trustee: Citibank International Limited. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund when they become available. Other practical information such as the unit price and how to switch is also on our website. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Liability Statement: Virgin Money Unit Trust Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Bond, Gilt and UK Share Fund is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 17 February MF12v2_8.15 C003009

26 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Virgin Bond, Gilt, UK and Overseas Share Fund GBP Income Units: (ISIN GB00BR4R5J95) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL, part of the Virgin Money Group of companies. Objective and Investment Policy The objective of the Fund is to provide capital growth. The Fund invests mainly in passive collective investment schemes and will typically invest 50% in passively managed collective investment schemes which invest in shares of UK companies, 25% in passively managed collective investment schemes which invest in shares of companies outside of the UK and 25% in passively managed collective investment schemes which invest in fixed income securities (corporate bonds and government gilts). The Fund may also invest in derivatives but only to reduce risks or costs. Designed for investors who: would like to grow their capital by investing in a range of different types of investments, prefer a fund that uses a passive (index-tracking) approach rather than an actively-managed one. You can buy and sell units on any business day. Any income earned by the fund on its investments can be reinvested or you can choose to have it paid to you as an income. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. Risk and Reward Profile Lower risk Higher risk The risk and reward category shown is not a target or guarantee and may move over time. Potentially lower reward Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. As the Fund has only recently been launched the risk indicator is estimated and is based on the rate at which the value of the different types of investments the fund holds have moved up and down in the past. Note that past figures may not be a reliable indication for the future. The Fund is in category 6 because it mainly invests in company shares which typically provide higher rewards but carry a higher level of risk than other investments such as gilt-edged securities. Governments can change the tax relief available to individuals and funds. Market risk: share, bond and gilt prices may go up and down. Credit risk: once the Manager has paid for investments, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin Bond, Gilt, UK and Overseas Share Fund may not deliver its stated investment objective. Foreign exchange risk: as some of the investments held by the underlying collective investment schemes will be held outside the UK the value of your investments may be affected by changes in currency exchange rates. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

27 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The Ongoing Charge is estimated at present as the unit class is relatively new and as such, there is insufficient data to calculate this exactly. This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or sells units in another collective investment fund and an Entry/Exit Charge could be paid. The Manager may also charge a Dilution Levy on the purchase or sale of units by an investor. The Dilution Levy protects remaining investors against the costs incurred by the Fund in purchasing or selling a large number of units. A Dilution Levy may be imposed: where the Fund size is in continual decline. on large deals i.e. a purchase or a redemption of 250,000 or more. any case where the Manager is of the opinion it is in the interests of remaining Unitholders. The estimated cost of a Dilution Levy would be: 0.45% of the purchase cost of units by an investor. 0.15% of the sale proceeds on a sale of units by an investor. For more information about charges, please refer to the Fees and Expenses section of the Fund s Prospectus which is available by calling us on One-off charges taken before or after you invest Entry Charge Exit Charge Charges taken from the fund over a year none none Ongoing Charge (estimated) 1.00% Charges taken from the fund under specific conditions Performance Fee none Past performance The fund was launched in February 2015 and the unit class in February At present there is insufficient data to provide a useful indication of past performance to investors. Practical information Trustee: Citibank International Limited. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund when they become available. Other practical information such as the unit price and how to switch is also on our website. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Liability Statement: Virgin Money Unit Trust Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Bond, Gilt, UK and Overseas Share Fund is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 17 February MF11v1_8.15 C003009