FAQs - Frequently Asked Questions
How will I be informed regarding the performance of my Financial Foundations?
Online Valuations are available at anytime subject to you applying for the free service. Details can be obtained from your financial advisor. Of course you can have statements by post if you prefer however please note that these will always be less accurate because of the time it will take for you to receive them through the post.
Am I eligible?
This product is not available to:
» Individuals under the age of 18
» Isle of Man residents
» US citizens
How do I get more information?
Further information is available at www.financialfoundationsplc.com or from your financial advisor.
How do I apply?
Please refer to the Application Procedure Notes enclosed with this brochure and to the Scheme Particulars for the fund.
What about tax?
The Financial Foundations will be managed so that it is exempt from all Isle of Man taxation. Taxation rules are under governmental control and therefore the fund does not and cannot guarantee in any way the tax position outlined above as it could be subject to change in legislation and interpretation. The tax you pay if any on the increase in the value of your shares, will depend upon your own tax position and jurisdiction. If you require advice on this matter you should contact a tax advisor.
What are the minimum and maximum investments?
For lump sums the minimum investment into the fund is just $7,500 or E7,500 open your account. There is no maximum investment amount. For the ten year monthly investment plan contributions are just $500 or E500. To open your account you will need to make 3 contributions.
How is my investment defined in the Scheme Particulars?
For a lump sum you will be investing in the Financial Foundations Plc Direct Classes. For the ten year regular monthly investment plan you will be investing in the Financial Foundations Plc Ten Year Classes.