Vitality

Investment Booster

How to boost your savings by up to 15% over 25 years

Vitality has always rewarded customers for looking after their health. Now we also reward you for looking after your wealth.

Our Investment Booster motivates you to invest earlier, put in more and let it grow for longer. If you stay invested in Vitality funds it could amount to a cumulative boost of 15% over 25 years.

How it works
When you invest in Vitality funds in our ISA, Junior ISA or Retirement Plan continuously for five years, we’ll boost your investments with extra money, on top of any growth.
As long as you stay invested in Vitality funds, every five years we’ll boost them again.

If you invest more in Vitality funds in subsequent years, we’ll boost these investments too, once they’ve been invested continuously for five years.

So after five years, you could receive a boost each year.

How we’re able to reward you
When you save for longer, your money has a better chance to grow. That’s good for us, and good for you. What’s more, we believe it’s only right to share some of our earnings with you. It’s part of what we call shared value. Think of it as motivation to get where you want to be.

What you get back
That depends on how much you invest in Vitality funds and how long you save for. The boost starts at 2% of your investment in our Vitality funds – plus any returns – after five years, and increases over time.

Our Retirement Booster

The more you keep invested in your retirement plan, the more you could get back.
We all want to live a longer, healthier life with enough money to make the most of it. But the longer we live, the harder our retirement savings need to work. With our Retirement Booster we could boost your pension pot every year on top of your returns, helping your savings last longer. The more you keep invested in retirement, and the more you look after your health, the more you get back.

How it works
Currently, when you reach 55, you have many ways to access your money. One way is to allocate your savings into a VitalityInvest Retirement Plan for income drawdown. That is when you keep most of your pension pot invested and draw a regular income from it. When you do this we could reward you for saving wisely and staying healthy.

• Join our healthy living programme. You’ll need to have a qualifying VitalityHealth or VitalityLife policy, or you can add Vitality Plus to your VitalityInvest Retirement Plan
• Take part in the programme, earn Vitality points and improve your Vitality status
• Keep your pension pot invested in Vitality funds

Each year we look at how much income you’ve taken from your pot, how much you have invested in Vitality funds, and your Vitality status. We’ll use this to work out how much you can get back with our Retirement Booster. The more you engage, and the more you keep invested, the more you could get back – up to 50% of what you draw down each year.

What’s a qualifying policy? By holding one of these policies you will be a member of our healthy living programme.

• VitalityHealth Personal or Business Healthcare plans or Corporate Healthcare plans with Vitality Plus
• VitalityLife Policies with Vitality Plus, excluding Vitality Care and Vitality Life.

How we’re able to reward you
With Vitality you could lead a longer, healthier life. This benefits you and us. And we believe it’s only right to share some of our earnings with you. It’s part of what we call shared value. Think of it as motivation to get the retirement you want.

What you could get back

The amount you get back each year with our Retirement Booster is a percentage of the amount you draw down over the year. Take a look at the table below.

The amount you get back will also depend on how much you have invested in Vitality funds and your Vitality status. The more you invest in them, the more you could get back.

An example of how you can boost your retirement pot:

You have £100,000 in your investment pot at the start of the year, from which to draw down your income. By the end of the year you’ve withdrawn £2,500 (2.5%) and achieved Gold status with Vitality, giving you a Retirement Booster of 15%. You have 80% of your retirement income pot invested in Vitality funds.

Your Retirement Booster for the following year is :

£2,500 x 15% x 80% = £300

Get 100% cashback on your first year’s ISA product charges

Paid back into your plan after the first 12 months

What is VitalityInvest?
VitalityInvest offers a unique way to help you grow your money tax-free, by investing in stocks and shares.
Whatever you’re saving for, we reward you for investing in our Vitality funds, with extra boosts to your money – on top of any returns. Maintain good lifestyle habits and you could pay no product charge, too.
To start boosting your wealth – and your health – invest from £50 a month, or a lump sum of £1,500.

1.You could earn extra money – on top of returns
Our unique Investment Booster rewards loyalty by adding extra money to your savings every 5 years when you invest in Vitality funds

2. Access to discounts from leading brands
Open a VitalityInvest plan, and you’ll automatically be part of our Vitality Core healthy living programme which includes a range of discounts from well-known brands including Champneys and Garmin

3. You could pay no product charge
Maintain healthy lifestyle habits and you could save up to 100% on the product charge with our Healthy Living Discount

Choose your investment plan
The simple and tax efficient way to save

Stocks and Shares ISA
Invest across a range of funds with a flexible, tax-efficient plan. Plus, you could grow your money even more with our Investment Booster and Healthy Living Discount

Junior ISA
A Stocks and Shares ISA to build up a tax-free savings pot for your child. You could grow their money even more with our Investment Booster and Healthy Living Discount

Retirement Plan – available only through advisers
Get tax relief on your contributions, enjoy flexibility in how you take your money at retirement and get access to our Retirement Booster, Investment Booster and Healthy Living Discount

A world of funds from leading investment managers
To make the most of our unique benefits, invest in one or more of 15 Vitality funds. Each is designed to help you achieve your financial goals at a level of risk that is right for you.  We also offer a range of complimentary funds from other well-known providers. Our leading investment managers, Investec Asset Management and Vanguard, together currently manage over £4 trillion in assets, meaning your money is in experienced hands.

Regulated
VitalityInvest is authorised and regulated by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA)

Backed
We’ve partnered with leading investment managers, Investec Asset Management and Vanguard

Protected
You may be eligible for protection from the Financial Services Compensation Scheme (FSCS), up to 100% of the value of your plan*