NDFA launches trio of plans

NDFA has launched three structured products designed to offer income, enhanced growth or capital security. The Regular Fixed Income Plan June ’08 is linked to the FTSE 100 index and offers a fixed annual income of 7% per year, or the option of 0.57% monthly income. The plan enables investors to benefit from the favourable tax treatment of non-UK dividends, which is equivalent to 0% for basic rate taxpayers and 25% for higher rate taxpayers. The fixed income will be paid regardless of the performance of the index during the five-year term, although capital repayment is subject to the performance of the index and a 40% protection barrier. If the barrier is breached and the final index level has not risen to its starting level or higher by maturity, then capital is lost 1:1.

NDFA has also unveiled its six-year Accelerated Growth Plan June ’08 linked to the FTSE 100 index, which provides 10% growth for every 1% rise in the index, with growth capped at 85%. Capital is at risk if the index falls below 50% of its starting level and does not recover to the starting level by maturity. Consequently, capital is lost 1:1.

The five-year Capital Secure Fixed Growth Plan June ’08 offers 50% fixed return provided the FTSE 100 index is at or above its starting level by maturity