SmartChoice*
Use SmartChoice from Bank of Ireland Life to save regularly, while taking advantage of the growth potential of the stock market.
- Access to a 25% loyalty bonus based on your first year's investment
- Choose from a wide range of investment funds that reflect your individual attitude to risk
- Minimum investment of €100 per month
- No limit on the amount you can invest
For more information:
Tel: 1890 309 309
Email: info@bankofirelandlife.ie
* These are life assurance products from Bank of Ireland Life
Features
More benefits and flexibility when you become a SmartChoice saver
To find out more, call in to see your Insurance and Investments manager in any of our branches.
With SmartChoice it pays to be a long-term saver:
- Get a 25% loyalty bonus based on your first year's investment if you meet certain conditions
- Take a payment break of up to six monthly contributions in the first seven years without losing your loyalty bonus
- Withdraw up to six times your monthly contributions in the first seven years without losing the loyalty bonus
We will invest your loyalty bonus on your behalf. Then if you maintain contributions and pay them regularly over seven years you will receive the full value of what this has grown into at the end of the seven-year period.
Fees and Charges
As with any managed investment plan, a percentage of each contribution is retained by Bank of Ireland Life.
- If you invest up to €1,000 a month, 5% of every contribution will be deducted.
- Invest €1,000 or more a month and this cost will reduce to 3% of every contribution.
- In addition, there is a management fee of 1.5% of the value of your fund per year to cover the costs of the selection and management of investments.
The above fees/charges apply at Sept 2007, however Bank of Ireland Life may amend the fees and charges and further information in this regard is contained in your policy conditions.
Terms and Conditions
SmartChoice offers real potential. But to make the most of this, you need to:
- Make a minimum investment of €100 per month.
- Maintain your contributions to your SmartChoice plan for at least seven years.
- Your loyalty bonus is based on your first year's contribution only and is payable to your plan on the seventh anniversary of your plan provided seven year's continuous contributions have been made.
- However, because your needs can change over time, SmartChoice offers you some flexibility to achieve the loyalty bonus. This means you're free to take a payment break of six monthly contributions or you can withdraw an amount worth up to six times your first monthly contribution in the first seven years without losing your loyalty bonus.
- If either as a result of reducing your contributions below the initial contribution or suspending your contributions you miss more than six monthly contributions before the seventh anniversary of your plan, no loyalty bonus will be paid to the plan.
Terms and conditions apply. Life assurance tax applies.
The information regarding Bank of Ireland Life's products and services is intended only for Irish residents. Bank of Ireland Life's products may only be bought by Irish residents.
New Ireland Assurance Company plc trading as Bank of Ireland Life is regulated by the Central Bank of Ireland and is a member of the Bank of Ireland Group. Bank of Ireland and Bank of Ireland Insurance and Investments Limited are regulated by the Central Bank of Ireland and are tied agents of New Ireland Assurance Company plc.