If
you are an existing Policyholder and would like to
alter
your protection benefits, please contact our Customer
Helpline free on 0800
262536 Monday to Friday, between 8.00 a.m.
and 6.00 p.m.
A member of the team will be happy to help you.
Pensions
- Privilege Top Up Plan
This
is a brief description of this plan and is for information
purposes only as the product is no longer available.
For full details of all the aims, risks and benefits,
please refer to your Members Booklet or contact our
Customer Helpline.
Product Description
Privilege Top Up
Plan is designed to
enable you to save for Retirement. The plan can provide an income in retirement and an option to take a tax free lump sum.
Benefits
The
members certificate will show whether the plan also includes
Death Benefit. If the Plan does include Death Benefit and
you die during the Plan term this amount will be paid.
Questions and Answers
Can
I Take Money Out?
HM Revenue & Customs will not usually allow you to take a pension before the age of 50.
If you take a pension after age 50 but
before your chosen retirement date, your pension might be
smaller than you need.
You may transfer your fund to most other
pension schemes, but the new scheme may make charges for
the transfer.
Can
I Make Extra Contributions?
It is wise to review your
contributions regularly, every year if possible.
You can choose to automatically increase
your contributions and / or your life assurance protection
each year. These
increases can be at a fixed rate, or in line with the National
Average Earnings Index.
You can pay a single contribution at any
time.
If your Policy
is invested in the unitised with profits fund and you would like
more information about
with profits investments, please download
our PPFM. This
sets out the Principles and Practices Of Financial Management For
The With Profits
Business Of Countrywide Assured. The unitised with profits fund is only available
to those customers who chose this fund when their plan started and
is not available to switch into.
For more information
please call our Customer Helpline free on 0800
262536, Monday to Friday between 8.00 a.m. and 6.00 p.m. A
member of the team will be happy to help you.
Countrywide Assured plc
is authorised and regulated by the Financial Services Authority.
Countrywide Assured plc can only give advice on Life Assurance and Income
Protection Insurance business of Countrywide Assured plc.
