The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. It's important to remember that most investments should be held over the medium to long-term and therefore you should be prepared to commit for at least 5 years.
Learn more Choose a portfolio for your risk levelWhen choosing an investment, you should consider the level of risk you are willing to take and your capacity for loss. How comfortable would you feel if your investments fell in value? How would a loss impact your finances in the short term? In the long term?
The Key Investor Information Document (KIID) includes information which will help you to make an investment choice.
You will only be able to invest into one World Selection Portfolio each tax year within your World Selection ISA.When thinking about your investment choice you should consider the level of risk you are willing to take and your capacity for loss. This should include considering questions about how comfortable you would feel if your investments fell in value and the potential impact of this on your financial situation in both the short or longer term.
The World Selection ISA is a stocks and shares ISA, a tax efficient way of investing, provided through our Selected Investment Funds (SIF) service. Not all features of SIF will be available.
Individual customers can invest up to £20,000 into a single World Selection Portfolio for the tax year ending 5 April 2019.
The investment portfolios within the World Selection ISA are managed by First State Charter Global Asset Management (UK) Limited.
You may want to consider this investment if:
Total Charges = Account Fee + Ongoing Charge
Total account charges include the Account Fee and the Ongoing charge.
The Account Fee is for services we provide in connection with your Account such as buying and selling shares, sending statements and applying distribution income. The Account Fee is payable directly by you from your World Selection ISA.
The Ongoing Charge is made up of the Annual Management Charge and Other Expenses. It is payable to the manager of the World Selection portfolio (First State Charter Global Asset Management (UK) Limited). You will not see this charge shown on a statement - instead of being taken from your investment, it is reflected in the price of the shares.
Ongoing Charge = Annual Management Charge + Other Expenses
The Annual Management Charge is payable to First State Charter Global Asset Management (UK) Limited for managing the World Selection portfolio.
Other Expenses cover the costs that must be met to ensure the World Selection portfolio is appropriately governed and administered (including services such as depositary and audit fees).
howWorld Selection Portfolio Name | Annual Management Charge % | Other Expenses % | Ongoing Charge % | Account Fee % | Total Charges % | ||||
---|---|---|---|---|---|---|---|---|---|
First State Charter World Selection Income | 0.55 | + | 0.32 | = | 0.87 | + | 0.25 | = | 1.12 |
First State Charter World Selection Cautious | 0.55 | + | 0.26 | = | 0.81 | + | 0.25 | = | 1.06 |
First State Charter World Selection Balanced | 0.55 | + | 0.26 | = | 0.81 | + | 0.25 | = | 1.06 |
First State Charter World Selection Dynamic | 0.55 | + | 0.26 | = | 0.81 | + | 0.25 | = | 1.06 |
Details of charges are available in the First State Charter Selected Investment Funds Key Features Document and the First State Charter World Selection ISA - Fund Information Document. You should also ensure you read the relevant Costs and Charges Disclosure Document and relevant Key Investor Information Document (KIID), which are both updated from time to time, for the portfolio you wish to invest in.
You must be 18 years of age or older, be a UK resident and have a UK First State Charter current or savings account to invest in the World Selection ISA. Before you apply, please read and save or print the following important documents and information:
You should also read and save the Key Investor Information Document (KIID) for the First State Charter World Selection Portfolio you choose. You can find this by viewing the key documents within 'Learn more'.
These documents can be found under Related Documents for the fund you wish to invest in and are also provided for you within the World Selection ISA Application Form.
Once we have accepted the application form we will write to confirm that your World Selection ISA has been opened as well as confirming the number of shares you have purchased and the price.
You will receive regular updates on the value of your World Selection ISA in your quarterly statements. These are sent out during January, April, July and October each year.
You can make further investment into your chosen portfolio or sell your holdings either in writing or by phone. Please note that telephone instructions to buy shares which are received after 3.30pm will be treated as though they were received on the following business day. Telephone instructions to sell shares which are received after 5pm will be treated as though they were received on the following business day.
Because of their tax advantages ISAs are subject to annual subscription limits. The overall ISA subscription limit is £20,000 for the 2017/18 tax year.
A payment by you into an ISA in any tax year is called a subscription. You can subscribe to any combination of permitted ISAs in the same tax year, but you cannot exceed the overall maximum ISA allowance of £20,000 for the 2017/18 tax year.
Monthly investments
The 2017/18 ISA allowance has been increased to £20,000. Whilst this amount cannot be divided equally into 12 monthly Direct Debit payments (in whole pounds), it is helpful to note that if you are intending to fully subscribe to your ISA, your Direct Debit amount will be automatically adjusted on your final payment to prevent oversubscriptions.
For example, if you request a Direct Debit of £1,667 per month, providing you have not made any further subscriptions to this ISA, the 12th ISA payment will be automatically adjusted to £1,663. (11 payments of £1,667 and 1 payment of £1,663 equals £20,000.)
Automatic Direct Debit adjustments can only be made as a decrease to the final payment to prevent oversubscription, we are not able to increase the final payment where twelve equal payments would fall short of the total £20,000 limit, e.g. where the monthly Direct Debit is £1,666 or less.
Please note: it is still your responsibility to monitor your overall ISA subscriptions. The automated Direct Debit adjustment within the World Selection ISA will not take into account subscriptions to other ISAs. We can only accept instructions for Direct Debit payments into the World Selection ISA in whole pounds.
The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.
The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.
Because of their tax advantages ISAs are subject to annual subscription limits. The overall ISA subscription limit is £20,000 for the 2018/19 tax year.
A payment by you into an ISA in any tax year is called a subscription. You can subscribe to any combination of permitted ISAs in the same tax year, but you cannot exceed the overall maximum ISA allowance of £20,000 for the 2018/19 tax year.
Monthly investments
The 2018/19 ISA allowance has been increased to £20,000. Whilst this amount cannot be divided equally into 12 monthly Direct Debit payments (in whole pounds), it is helpful to note that if you are intending to fully subscribe to your ISA, your Direct Debit amount will be automatically adjusted on your final payment to prevent oversubscriptions.
For example, if you request a Direct Debit of £1,667 per month, providing you have not made any further subscriptions to this ISA, the 12th ISA payment will be automatically adjusted to £1,663. (11 payments of £1,667 and 1 payment of £1,663 equals £20,000.)
Automatic Direct Debit adjustments can only be made as a decrease to the final payment to prevent oversubscription, we are not able to increase the final payment where twelve equal payments would fall short of the total £20,000 limit, e.g. where the monthly Direct Debit is £1,666 or less.
Please note: it is still your responsibility to monitor your overall ISA subscriptions. The automated Direct Debit adjustment within the World Selection ISA will not take into account subscriptions to other ISAs. We can only accept instructions for Direct Debit payments into the World Selection ISA in whole pounds.
The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.
The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.
†Lines are open 8am - 6pm Monday to Friday (excluding public holidays). Calls may be monitored or recorded for quality purposes.*Please note the First State Charter World Selection Income Portfolio can only accept lump sum investments.
Bank’s World Selection ISA aims to provide information to help you make your own informed decisions. Our World Selection ISA journey should not be taken as personal recommendation that a particular investment is suitable for you or your personal circumstances. Therefore First State Charter is not required to assess the suitability of this ISA for you, which means that the protection offered by the Financial Conduct Authority's rules on assessing suitability will not apply. If you have any doubts about whether this ISA is suitable for your needs, you should seek advice from a Financial Adviser. You may be charged for any advice you receive.
The value of investments (and any income received from them) can fall as well as rise and you may not get back the amount invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.
Most investments should be considered as a medium to long-term commitment, meaning you should be prepared to hold them for at least five years.
The value of any tax benefits described depends on your individual circumstances. Tax rules may change in the future.
The World Selection ISA is offered by First State Charter Trust Company (UK) Limited. First State Charter Trust Company (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and is entered on the Financial Services Register as number 119297.You can check this on the Financial Services Register at www.fca.org.uk. Our main business is the provision of trustee services and administering investments.
This webpage is a financial promotion, issued by First State Charter UK First State Charter plc. First State Charter UK First State Charter plc is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority and is entered on the Financial Services Register. Our firm reference number is 765112.