Key facts

AEGON Secure Trustee Investment

Here you can find out the key facts of AEGON Secure Trustee Investment.

Description	International investment plan for trustees or administrators of a self-invested personal pension (SIPP) or small self-administered scheme (SSAS).
Policy owner	The trustees or administrators of a self-invested personal pension (SIPP) or small self-administered scheme (SSAS) will own the plan. A trustee must have an insurable interest in the lives assured.
Life assured	At least on person covered by the plan must be a member of the SIPP or SSAS scheme
Basis the plan can be set up on	To cover unlimited lives assured, except where guaranteed lifetime income option is selected, as long as the trustees have an insurable interest in the lives assured. With guaranteed lifetime income option, the maximum number of lives assured is two.
Minimum age of life assured	If you select the guaranteed capital option or guaranteed income option: No minimum If you select the guaranteed lifetime income option: 45 years old – for younger life assured
Maximum age of life assured	74 years old – for the youngest life assured. If there is more than one life assured, one of the lives assured must be 74 years or younger.
Minimum investment	£15,000
Maximum investment	£1 million across all our guaranteed products. We’ll consider investments over £1 million on a case-by-case basis
Number of plan policies	The plan is made up of 10,000 individual policies. This amount can’t be changed.
Payment method	Cheque Telegraphic transfer Stocktrade – third party share-dealing service (please note: this option can’t be used with any other type of payment, for example cheque or telegraphic transfer)
Guaranteed capital option*	Guarantees the fund value will be at least equal to the original investment, proportionately reduced for withdrawals taken, at the end of the capital guarantee term, not at any point before or after. When taking the plan out, the trustees can select from the plan’s 8th anniversary up to and including the 20th plan anniversary for the capital guarantee term. If this option is selected, we’ll charge a guarantee option fee based on the term and fund choice. Details of the charges are shown below. Find out more about this guarantee in our Guaranteed capital option including guaranteed death benefit section.
Guaranteed income option**	Guarantees we’ll pay 5% of the original investment for 20 years as a guaranteed income, or lower percentages over a longer period until 100% of the original investment is returned as guaranteed income. Additional withdrawals taken from the plan will proportionately reduce the guarantees. If this option is selected, we’ll charge a guarantee option feel based on the fund choice. Details of the charges are shown below. Find out more about this guarantee in our Guaranteed income option including guaranteed death benefit section.
Guaranteed lifetime income option +	Guarantees we’ll pay an age-related income for the entire life of the life/lives assured, as long as the plan remains in force, once the youngest life assured has reached age 55. You can find details of the income rates we’ll pay in our Guaranteed lifetime income option including guaranteed death benefit option section. If the trustees select this option, we’ll charge a guarantee option fee based on the fund choice. Details of the charges are shown below.
Guaranteed death benefit	This can be selected with one of the guarantees shown above. It guarantees on death of the last person covered we’ll pay out at least, through a combination of guaranteed income and death benefit, an amount equal to the original investment. Additional withdrawals will proportionately reduce the guaranteed death benefit. How the guaranteed death benefit works depends on what other guarantee has been selected. The following sections give you more information: Guaranteed capital option including guaranteed death benefit Guaranteed income option including guaranteed death benefit Guaranteed lifetime income option including guarantee death benefit If the trustees select this option, we’ll charge a higher guarantee option fee. Details of the charges are shown below.
Fund choice	There’s a choice of set portfolios to choose from and access to our UK Cash fund. Find out more about our what’s available in our fund choice section.

* With the guaranteed capital option, the capital is only guaranteed on the agreed term date and not at any point before or after. At other times the fund value can fall as well as rise and isn’t guaranteed. If you cash in the plan before the end of the capital guarantee term or don’t select the guaranteed death benefit option along with the guaranteed capital option and the last life assured dies before the end of the capital guarantee term, what we pay out isn’t guaranteed and you may not get back the amount you originally invested.

** With the guaranteed income option, the fund value can fall as well as rise and isn’t guaranteed. If you decide to cash in the plan before the end of the guaranteed income period or don’t select the guaranteed death benefit option along with the guaranteed income option and the last life assured dies before the end of the guaranteed income period, what we pay out isn’t guaranteed and you may not get back the amount you originally invested.

+ With the guaranteed lifetime income option, the fund value can fall as well as rise and isn’t guaranteed. If you decide to cash in the plan before we’ve paid guaranteed lifetime income equal to your original investment or don’t select the guaranteed death benefit option along with the guaranteed lifetime income option and the last life assured dies before we’ve paid a guaranteed lifetime income equal to your original investment, what we pay out isn’t guaranteed and you may not get back the amount you originally invested.

The only circumstance in which the guarantees wouldn’t apply is if AEGON Ireland plc failed. In this event, the benefits from your bond may be affected.