FINANCIAL PLANNING Tariff of charges Customers receiving advice
Ways to Invest with Nationwide There are two ways to invest through Nationwide: with advice via one of our Nationwide financial advisers or, if you already have existing investments with Nationwide, you can make transactions on a self-directed basis without receiving advice. There are some important differences between these two options that you need to be aware of and different charges will apply depending on how you choose to invest with Nationwide. We have provided an overview of your options and the charges that will apply below: Investing with Advice Our Financial Planning service is for both new and existing customers who wish to receive advice specific to their personal circumstances from one of our Nationwide financial advisers from our range of products and services. The advice charges shown below will apply to customers who receive investment advice on, or after 31 December 2012. Please note that Nationwide will continue to receive commission on any other existing investments you hold through us where an Initial Advice Charge was not collected. Self-Directed (without advice) This service is for existing investment customers who purchased before 31 December 2012 and want to top up their investment and manage their account on a self-directed basis without receiving advice. The self-directed charges shown below will apply to customers who invest without advice on, or after 6 April 2014. Name of charge Advice Self-Directed Existing Customers Initial Charge 3.50% N/A Ongoing Service Charge 0.50% p.a. N/A Service Charge N/A 0.50% plus VAT p.a. Fund Charge Platform Charge 0.15% - 1.00% p.a. (varies by fund) Up to and including 11,000 0.65% 11,001-20,000 0.29% 20,001 and over 0.24% This guide sets out the charges that apply where you invest through our Financial Planning service, having received advice from a Nationwide financial adviser. Please refer to the Self-Directed Tariff of Charges Guide if you would like further details of the charges which apply to that service. 1 2
About this document As we want to help you understand the charges you will pay, we have provided example scenarios throughout this brochure to give you an idea of what effect these charges may have on your investments. Please note that customers investing in a Select Portfolio Bond will be given a Personal Illustration showing the impact of the appropriate charges. Assumptions A number of assumptions have been used when calculating the examples in this brochure: Investment growth 6% p.a. & Income yield of 4% p.a. We have assumed these growth and yield rates as they are representative of the typical rates available via funds offered by Nationwide. Please note that the rates are not guaranteed and that the actual growth and income your investment will achieve will vary depending on the performance of the funds you choose. As the charges are based on a percentage of the value of your investment, where the growth rate achieved exceeds this, the actual amount you pay will be higher. If the growth rate is lower than this, the charges will be lower. Charges The charges are used only to provide an indication of the level of charge you may pay in connection with your investment. The amount you pay will vary depending on the funds you choose, the amount invested and options you choose. If you d like further information on any of the charges set out in this guide please speak to your Nationwide financial adviser. Please note that the scenarios in this brochure do not take into account any initial charges, additional expenses or rebates which might be applied to the funds you invest in. Please note, the value of your investments can go down as well as up and you may not get back the money you originally invested. 3
A) Nationwide Charges Initial Advice Charge - Investments The charge for Initial Advice is taken whenever you invest via your Nationwide financial adviser in return for advising and setting up investment products to meet your needs. You can invest in two ways: with a regular premium, or with a lump sum. Lump sum There are 2 terms that you need to be aware of when calculating the amount that you will pay to Nationwide: Contribution the total sum you give us from which the charge for Initial Advice will be deducted. Investment the amount of the contribution that will be invested following the deduction of the charge. How much will I pay? Initial Advice is charged each time that you take out an investment with a Nationwide financial adviser and applies as follows: Portion of contribution value between 0 and 150,000: 3.50%. Portion of contribution over 150,000: no charge. The charge is 3.50% of the contribution. This is equal to 3.6269% of the investment. Example 1 If you wish to make a contribution of 40,000, the investment amount will be calculated as follows: 40,000 3.50% = 38,600. In this example 1,400 has been deducted as the charge from the contribution amount. The investment amount is 38,600. The charge of 1,400 as a percentage of the investment amount is: ( 1,400 38,600) x 100 = 3.6269%. Example 2 If you wish to ensure that your investment is for 40,000 following the initial charge, then your contribution will be calculated as follows: 40,000 0.965 = 41,450.78. The 3.50% charge is then deducted: 41,450.78 3.50% = 40,000. In this example 1,450.78 has been deducted as the charge from the contribution amount. The investment amount is 40,000. The charge of 1,450.78 as a percentage of the investment amount is: ( 1,450.78 40,000) x 100 = 3.6269%. Example 3 The full Individual Savings Account (ISA) allowance for tax year 2014/2015 is 11,880. If you wish to invest your full Stocks and Shares ISA amount following application of the charge, the contribution will be calculated as follows: 11,880 0.965 = 12,310.89. The 3.50% charge is then deducted: 12,310.89 3.50% = 11,880. In this example 430.89 has been deducted as the charge from the contribution amount. The investment amount is 11,880. The charge of 430.89 as a percentage of the investment amount is: ( 430.89 11,880) x 100 = 3.6269%. 4
Regular premium contributions How much will I pay? Initial Advice is charged each time you set up a regular investment with a Nationwide financial adviser. The charge is applied at a rate of 3.50% of the value of the new contributions that you re expected to make over 48 months, as follows: Portion of monthly contribution value between 0 and 3,125: 48 months contributions x 3.50%. Portion of monthly contribution value over 3,125: no charge. You pay this to Nationwide upfront as a one-off payment by cheque, in return for advising and setting up regular premium products to meet your needs. This fee is non-refundable, even if you do not make the expected contributions over the 48 months. Example If you wish to invest 500 per month then your Initial Advice Charge is calculated in the following way: 500 monthly regular premium x 48 months = 24,000 24,000 x 3.50% = 840 Initial Advice Charge - Annuities The charge for Initial Advice is taken in return for advising and setting up an annuity product to meet your needs through our panel of providers. There are 3 terms that you need to be aware of when calculating the amount you will pay to Nationwide: Pension Commencement Lump Sum (PCLS) this is the tax-free lump sum that you can withdraw from your pension pot when you retire. You can usually take up to 25% of your total pension pot. Contribution the total sum you give us after PCLS from which the Initial Advice Charge will be deducted. Annuity Investment the total amount that will be invested following the deduction of the Initial Advice Charge. How much will I pay? The charge is 3% of the contribution. This is equal to 3.0928% of the Annuity Investment. Example If you have a pension pot of 50,000 and choose to take the full standard PCLS of 25%: 50,000 x 25% = 12,500 Remaining pension contribution amount = 37,500. The 3% charge is then deducted: 37,500 3% = 36,375. In this example 1,125 has been deducted as the charge from the contribution amount. The Annuity investment amount is 36,375 which will be used to purchase your annuity with the selected panel provider. 5
Ongoing Service Charge What benefits will I receive under Ongoing Service? If you choose to receive our optional Ongoing Service you will receive the following benefits and services: At your request you will have access to a Nationwide financial adviser should you wish to review your portfolio, implement any changes or want to discuss any aspect of the advice you have received. We ll give you access to the Personal Finance Portal website so you can view and monitor your portfolio 24 hours a day, 7 days a week. We ll send you a personalised Annual Customer Report that shows how your Portfolio is performing. The services of our Investment Committee, who on your behalf: continue to monitor market conditions, hand selecting additional and alternative funds where necessary will continue to negotiate reduced charges and fees monitor the performance of our existing range of investment funds every month to check that they continue to perform as we expect meet with the relevant fund manager if we have any concerns to identify whether these are justified. If the Investment Committee feel that it is necessary, we will let you know so that you can decide whether you want to take any action to ensure your money continues to work hard for you. How much will I pay? Ongoing Service is charged at a rate of 0.50% p.a. of the value of your Nationwide Portfolio, including any sums invested directly to this via Legal & General. It is charged daily and is taken monthly at the end of each calendar month. Example If you invested a 40,000 lump sum then your Ongoing Service Charge for the first year is calculated in the following way: 0.50% 12 = 0.04167% 40,000 x 0.04167% = 16.67 per month (note that the monthly charge will vary depending on the number of days in the month and the value of your investment). The Ongoing Service charge is a percentage of the value of your portfolio, which means that the amount deducted may change over time. If the value of your portfolio increases then your charge will also increase. 6
How is the Ongoing Service charge collected? The cost of the Ongoing Service will be deducted monthly from the value of the investments in the Products at the time that the charge becomes due each month on the following basis: Unit Trusts, OEICs and Stocks and Shares ISAs The price of the Ongoing Service is deducted from the related Platform Cash Account(s). You can add to your Cash Account(s) by sending Legal & General a cheque, by bank transfer from your nominated bank account, or by using part of the income received from your investments. When you have insufficient money in your Cash Account to pay for the Ongoing Service Charge, Legal & General will sell units/shares from your investments as follows: Jointly held unit trust/oeic Legal & General will sell units/shares from the largest Unbundled holding in your joint unit trust/oeic to pay for charges relating only to that Product. Solely held unit trust/oeic and/or ISA If you only hold a unit trust/oeic, Legal & General will sell units/shares from the largest Unbundled holding in your unit trust/oeic to pay for charges relating to that Product only. If you only hold an ISA, Legal & General will sell units/shares from the largest Unbundled holding in your ISA to pay for charges relating to that Product only. If units from your ISA are sold you will permanently lose the ISA status of those funds and they cannot be replaced. If you hold a unit trust/oeic and an ISA, Legal & General will sell units/shares from the largest Unbundled holding in your unit trust/oeic to pay for charges unless you instruct otherwise. If there is insufficient money left in your unit trust/oeic, Legal & General will then sell units/shares from the largest Unbundled holding in your ISA to pay for charges. Select Portfolio Bonds The cost of the Ongoing Service shall be deducted proportionally across all funds that you hold. Please note: Ongoing Service isn t available for annuities so no charge for this service will be made. This is because changes cannot be made to your annuity after purchase. Effect of Ongoing Service Charge We have provided the following scenarios to give you an idea of what effect the Ongoing Service Charge may have on your investments if you choose this option. Please note that other charges will apply to your investment. See section B - Charges to other organisations on page 9 for more details. Scenario 1: Investing for growth 40,000 lump sum investment into Accumulation units (i.e. any income generated by the funds is reinvested) 40,000 Lump Sum Effect of Ongoing Service Charge to date 1 211 3 706 5 1,312 10 3,445 7
Scenario 2: Investing for income 40,000 lump sum investment into Income units (i.e. any income generated by the funds is paid to you quarterly in arrears) 40,000 Lump Sum Income to date Effect of Ongoing Service Charge to date 1 1,626 208 3 4,924 668 5 8,285 1,194 10 16,972 2,851 Scenario 3: Investing regularly for growth 500 regular monthly premium paid in advance into Accumulation units (i.e. any income generated by the funds is reinvested) 500 regular monthly Effect of Ongoing Service Charge to date 1 17 3 155 5 460 10 2,210 Opting out of Ongoing Service You can opt out of Ongoing Service at any point using the opt out form available via the Personal Finance Portal or by visiting your local branch. If you opt out you will lose the benefits of the Ongoing Service set out on page 6 and you will be responsible for the ongoing suitability of your Portfolio. You can opt back in at a later date but this may be subject to the Portfolio Review Advice Charge explained below. Portfolio Review Advice Charge Customers who chose to opt out of Ongoing Service, whether immediately after Initial Advice was given, at any point thereafter, or as a result of removing all their money from a Nationwide Portfolio, will not have access to the services of their Nationwide financial adviser. We will levy a 3% Portfolio Review Advice Charge if you subsequently request a review of your Portfolio via a Nationwide financial adviser. The charge will be based on the value of your existing Nationwide Portfolio at the date of your investment review and will be payable via a cheque made out to Nationwide. Please note that the charge will not apply to any assets on which you are continuing to pay commission. The 3% charge is inclusive of VAT. Any new investments made when you carry out a review of your Portfolio will be subject to the Initial Advice Charge. You will not have access to the Personal Finance Portal. You will not receive an Annual Customer Report. While Legal & General will continue to contact you with an annual statement and any corporate actions, Nationwide will not send you additional information, for example if we remove a fund from our panel. 8
B) Charges to other organisations Platform Charge (only applicable to unit trusts, OEICs and Stocks and Shares ISAs) This fee is collected by Legal & General to cover their costs in administering your Portfolio. The platform is required as it handles all of your payments and transactions and allows you to switch between different funds should you wish to. This charge is calculated and collected monthly based on the value of your investments and taken from your Platform Cash Account. The rate is tiered and applies to each band of investment you hold. The Platform Charge costs are as follows: Portfolio Value Charge p.a. Up to and including 11,000 0.65% 11,001-20,000 0.29% 20,001 and over 0.24% Example If you were to invest 40,000 (following the deduction of the Initial Advice Charge), the first 11,000 of your investment would incur a charge of 0.65%, the next 9,000 would be charged at 0.29% and the remaining 20,000 would be charged at 0.24%. You would pay a total charge of 145.60, which would be equivalent to a platform fee of 0.37% in this example. Please note, if you have multiple portfolios, the Platform Charge will be based on the value of each individual portfolio. Product Charge (only applicable to Select Portfolio Bond) A charge of 0.45% p.a. is collected by Legal & General to cover their costs of setting up the bond and the ongoing administration. This charge is calculated and collected monthly based on the value of your investment in the bond. The charge is collected by deducting units from your bond each month. You will receive a Personal Illustration showing the impact of the appropriate charges, including the Product Charge. Fund Charge This charge is taken into account when working out the unit price and is used to pay the fund managers (e.g. Henderson, M&G, Invesco Perpetual, etc) who buy and sell assets to try and provide positive returns. Details of the specific fund charges are provided in the tables on page 14 and 15. The fund charge varies by each fund with each charge negotiated on your behalf to ensure that you have access to some of the UK s leading fund managers at competitive rates. As part of these negotiations, the fund managers will deduct the gross charge stated in the tables on page 14 and 15, but in some instances they have agreed to return part of this charge to you. This is called a rebate. Rebate amounts will be invested as units (once the amount reaches a minimum of 2.50) into the largest fund of the product that the rebated fund is held in. Rebates to Unit Trust/OEIC fund charges are taxable as income and any amount used to buy units will be net of basic rate tax at 20%. This means that if you re a higher rate or additional rate taxpayer, you may have a further tax liability to pay. If you re not liable to income tax, you can reclaim some or all of the tax deducted from HM Revenue & Customs. Please note that for Stocks and Shares ISA investments, rebates on fund charges will not be subject to tax. Please note that for Select Portfolio Bonds, rebates do not apply. Additional expenses may be incurred for certain funds and these are explained in the Legal & General Funds Key Features document for the Select Portfolio Bond and the individual Key Investor Information Document (KIID) for Unit Trusts, OEICs and Stocks and Shares ISAs. KIIDs are available via the Personal Finance Portal, upon request from your Nationwide financial adviser or via nationwide.co.uk/investments. 9
Effect of Fund Charge and Platform Charge We have provided the following scenarios to give you an idea of what effect Fund and Platform charges may have on your investments. Assumptions: Type What it covers Assumed Annual Amount Fund Charge Platform Charge The fund manager s costs associated with running your chosen investment fund(s) Legal & General s costs in delivering and servicing your investment 0.70% Up to and including 11,000 0.65% 11,001-20,000 0.29% 20,001 and over 0.24% Please note that the following scenarios do not take into account any Initial Advice Charge, additional expenses or rebates which might be applied to the funds you invest in. Scenario 1: Investing for growth 40,000 lump sum investment into Accumulation units (i.e. any income generated by the funds is reinvested) Effect of Fund Charges to date 40,000 Lump Sum Effect of Platform Charge to date Cumulative Effect of Charges 1 295 152 447 3 985 500 1,485 5 1,827 912 2,739 10 4,773 2,294 7,067 Scenario 2: Investing for income 40,000 lump sum investment into Income units (i.e. any income generated by the funds is paid to you quarterly in arrears) Income to date 40,000 Lump Sum Effect of Fund Charges to date Effect of Platform Charge to date Cumulative Effect of Charges 1 1,624 291 151 442 3 4,908 933 482 1,415 5 8,241 1,664 857 2,521 10 16,796 3,955 2,025 5,980 Scenario 3: Investing regularly for growth 500 regular monthly premium paid in advance into Accumulation units (i.e. any income generated by the funds is reinvested) Effect of Fund Charges to date 500 regular monthly Effect of Platform Fee to date Cumulative Effect of Charges 1 24 22 46 3 216 180 396 5 641 440 1,080 10 3,066 1,599 4,666 10
C) Additional charges if you add to your investment Adding To Your Investment (Unit Trusts, OEICs & Stocks & Shares ISAs) If you have chosen to receive the Ongoing Service then you can add to your investment by simply: contacting your Nationwide financial adviser. Any additional investment or increase to your regular contribution amount will be subject to the Initial Advice and Ongoing Service charges as explained earlier in this leaflet; using the downloadable print and post forms available on the online Personal Finance Portal at nationwide.mypfp.co.uk/logon or from nationwide.co.uk/investments. Any additional investments will be subject to the Ongoing Service Charge as explained earlier in this leaflet. If you hold a unit trust, OEIC and/or a Stocks and Shares ISA and have opted not to receive the Ongoing Service, you can manage your investments on a self-directed basis without receiving advice by going online and registering for the Investor Portfolio Service (IPS) Portal at nationwide.onlineips.co.uk. Once you have registered you can top up and manage your investment online. Alternatively, you can contact your Nationwide financial adviser. A Portfolio Review Advice Charge will apply based on the value of your existing Nationwide Portfolio where an Initial Advice Charge was collected previously. The additional investment will be subject to the Initial Advice Charge. Please note that additional investments to a Select Portfolio Bond can be made via a Nationwide financial adviser and will be subject to the Initial Advice and Ongoing Service charges (where applicable) as explained earlier in this leaflet. D) Charges for existing customers making regular payments If you currently make regular payments to your investments into funds where commission is payable, you can continue to do so and the existing charges will be taken. Alternatively, your Nationwide financial adviser may recommend that you switch your investments into funds where commission is not payable, and continue making regular payments. In these instances you will not be required to pay an Initial Advice Charge but will pay the Ongoing Service Charge of 0.50% p.a. if you opt in to the service. This charge is calculated and paid each month to Nationwide based on the value of your Nationwide Portfolio and collected from your Platform Cash Account for unit trusts, OEICs and Stocks and Shares ISAs. If your Nationwide financial adviser recommends that you switch an existing investment to a different fund, and you also wish to increase your monthly contribution, the additional amount will be subject to the Initial Advice and Ongoing Service charges as explained earlier in this leaflet. The annual Fund Charge and Platform Charge will also apply as described earlier in this leaflet. 11
Cumulative effect of charges We have provided the following scenarios to give you an idea of the total effect these charges may have on your investments. The scenarios below assume that any Initial Advice Charge has already been paid. Scenario 1: Investing for growth 40,000 lump sum investment into Accumulation units (i.e. any income generated by the funds is reinvested) 40,000 Lump Sum Effect of Fund Charges to date Effect of Platform Charge to date Effect of Ongoing Service Charge to date Cumulative Effect of Charges 1 295 152 210 657 3 978 497 699 2,174 5 1,804 904 1,289 3,998 10 4,655 2,255 3,325 10,234 Assuming that the fund has grown by 6% p.a. over 10 years, the charges in effect reduce the net growth to 4.38% p.a. Scenario 2: Investing for income 40,000 lump sum investment into Income units (i.e. any income generated by the funds is paid to you quarterly in arrears) 40,000 Lump Sum Income to date Effect of Fund Charges to date Effect of Platform Charge to date Effect of Ongoing Service Charge to date Cumulative Effect of Charges 1 1,619 290 150 207 648 3 4,868 926 480 662 2,068 5 8,133 1,644 851 1,174 3,669 10 16,365 3,865 1,996 2,760 8,621 Assuming that the fund has grown by 6% p.a. over 10 years, the charges in effect reduce the net growth to 4.36% p.a. 12
Scenario 3: Investing regularly for growth 500 regular monthly premium paid in advance into Accumulation units (i.e. any income generated by the funds is reinvested) 500 regular monthly Effect of Fund Charges to date Effect of Platform Fee to date Effect of Ongoing Service Charge to date Cumulative Effect of Charges 1 24 22 17 62 3 215 179 154 548 5 634 437 453 1,524 10 3,006 1,577 2,147 6,729 Assuming that the fund has grown by 6% p.a. over 10 years, the charges in effect reduce the net growth to 4.34% p.a. 13
Funds we offer The following table shows the current range of funds available to new and existing investment customers. Fund Unit Trust/ OEIC and Stocks & Share ISA Fund Charge (Gross) Customer Rebate 1 Select Portfolio Bond Fund Charge Aberdeen World Equity Fund 1.00% 0.33% 0.67% Artemis Global Income Fund 2 0.75% 0.07% 0.68% Artemis Income Fund 0.75% 0.07% 0.68% BlackRock UK Special Situations Fund 3 0.75% n/a 0.75% BNY Mellon Long Term Global Equity Fund 2 0.75% 0.10% 0.65% Fidelity Extra Income Fund 2 0.60% 0.10% 0.50% Fidelity Strategic Bond Fund 0.50% 0.10% 0.40% Henderson Sterling Bond Fund 0.60% 0.12% 0.48% Henderson UK Property Fund 0.75% 0.15% 0.60% Invesco Perpetual Corporate Bond Fund 4 0.94% 0.25% 0.50% Investec UK Special Situations Fund 0.75% 0.13% 0.62% Kames High Yield Bond Fund 0.75% 0.15% 0.60% Kames Investment Grade Bond Fund 2 0.75% 0.15% 0.60% Lazard Emerging Markets Fund 1.00% 0.25% 0.75% Legal & General (N) Tracker Fund 0.15% n/a 0.15% Legal & General All Stocks Gilt Index Fund 0.15% 0.03% 0.12% Legal & General All Stocks Index Linked Gilt Index Fund 0.15% 0.03% 0.12% Legal & General Cash Fund (only available via a Select Portfolio Bond) n/a n/a 0.20% Legal & General Global Emerging Markets Index Fund 0.25% 0.05% 0.20% Legal & General International Index Fund 0.25% 0.05% 0.20% Legal & General Sterling Income Fund 3 0.40% n/a 0.40% Legal & General UK Equity Index Fund (only available via a Select Portfolio Bond) n/a n/a 0.12% M&G Feeder of Property Portfolio Fund 0.75% 0.05% 0.70% M&G Global Dividend Fund 0.75% 0.05% 0.70% M&G Global Emerging Markets Fund 0.75% 0.05% 0.70% M&G Recovery Fund 0.75% 0.10% 0.65% Newton Global Higher Income Fund 1.00% 0.40% 0.60% Royal London Corporate Bond Fund 2 0.45% 0.15% 0.30% Royal London UK Equity Income Fund 2 0.62% 0.07% 0.55% Schroders UK Alpha Income Fund 2 0.75% 0.08% 0.67% Threadneedle Global Equity Income Fund 0.75% 0.08% 0.67% Threadneedle Global Select Fund 0.75% 0.08% 0.67% Threadneedle UK Fund 0.75% 0.08% 0.67% 14
Funds we used to offer These are funds which we no longer offer to new customers. They remain available to existing customers already invested in the funds. If you are already invested in one of these funds you can continue to top up your investment if you wish and the below Fund Charges will apply. Fund Unit Trust/ OEIC and Stocks & Share ISA Fund Charge (Gross) Customer Rebate 1 Select Portfolio Bond Fund Charge BlackRock UK Income Fund 5 0.75% 0.15% 0.60% First State Global Emerging Markets Leaders Fund 0.85% n/a 0.85% First State Global Resources Fund 0.85% 0.10% 0.75% Invesco Perpetual Income Fund 4 1.18% 0.30% 0.70% Jupiter Merlin Growth Portfolio Fund 0.75% 0.02% 0.73% Jupiter Merlin Income Portfolio Fund 0.75% 0.02% 0.73% L&G Ethical Fund 0.30% n/a 0.30% L&G Mixed Investment Fund 0.30% n/a n/a L&G Multi Manager Growth Fund 0.75% n/a n/a L&G Multi Manager Income Fund 0.75% n/a n/a L&G UK Property Fund 0.60% n/a n/a L&G UK Select Equity Fund 0.75% n/a 0.75% Legal & General Target Return Fund 0.75% 0.25% 0.50% M&G High Yield Corporate Bond Fund 0.65% 0.23% 0.42% M&G Strategic Corporate Bond Fund 0.50% 0.10% 0.40% Neptune Balanced Fund 0.75% 0.10% 0.65% Newton Balanced Fund 1.00% 0.45% 0.55% Schroder Monthly High Income Fund 0.60% n/a 0.60% Schroder UK Alpha Plus Fund 0.75% n/a 0.75% Threadneedle Absolute Return Bond Fund 0.65% 0.09% 0.56% 1 Rebates to Unit Trust/OEIC fund charges are taxable as income and any amount used to buy units will be net of basic rate tax at 20%. This means that if you re a higher rate or additional rate taxpayer, you may have a further tax liability to pay. If you re not liable to income tax, you can reclaim some or all of the tax deducted from HM Revenue & Customs. Please note that for Stocks and Shares ISA investments, rebates on fund charges will not be subject to tax. 2 These funds will be available from 16 April 2014 onwards. 3 These funds will no longer be available to new customers from 16 April 2014 onwards. 4 This fund charges on a Fund Management Fee (FMF) basis which, unlike the other funds that we offer, incorporates all charges and additional expenses for the fund within one fee and therefore appears higher than the other funds which charge on a different basis. The FMF will be equivalent to the Ongoing Charge shown in the Key Investor Information Document (KIID). Please note that with the exception of funds marked (4), the fund tables shown on these pages do not include any additional expenses incurred by the Fund Managers, which will be added to the charges shown. For Select Portfolio Bond please refer to your personalised illustration for details of the fund charges and additional expenses that will apply.
Just ask in branch Visit nationwide.co.uk Call 0800 30 20 11 Nationwide cares about the environment - this literature is printed in the UK with biodegradable vegetable inks on paper from well managed sources. Nationwide cares about the environment - this literature is printed in the UK with biodegradable vegetable inks on paper from well managed sources. We are able to provide this document in Braille, large print or audio format upon request. Your local branch will arrange this for you or you can contact us on 0800 30 20 11. Important Information Investments are provided through Legal & General Assurance Society Limited (Bonds and Annuities) and Legal & General Portfolio Management Services Limited for the provision of Investor Portfolio Services and facilitation of dealing. The Nationwide Annuity Service is provided by Nationwide Building Society and administered by The Open Market Annuity Service Limited (TOMAS). The Nationwide Annuity Service panel of annuity providers are Aviva, Canada Life, Just Retirement, Legal & General, LV= and Partnership Life Assurance. Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078. You can confirm our registration on the FCA s website www.fca.org.uk or by contacting the FCA on 0800 111 6768. The Open Market Annuity Service Limited is an appointed representative of Just Retirement Solutions Limited which is authorised and regulated by the Financial Conduct Authority under registration 455713. Nationwide Building Society. Head Office: Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW. P2293 (April 2014)