The tax treatment depends on your individual circumstances and may be subject to change in future.

Past performance is not a reliable indicator of future results. Investing involves risk and the value of investments, and the income from them, may fall as well as rise and are not guaranteed. Investors may not get back the original amount invested.

All statements concerning the tax treatment of products and their benefits are based on our understanding of current tax law and HMRC practice. Levels and bases of tax relief are subject to change, which may affect the suitability of the recommended products and could mean that information on taxation contained in this report becomes inaccurate.

The companies whose products we may recommend are considered secure and able to meet their obligations to customers. Any recommendations are based on published information that is provided by ratings agencies. We cannot accept responsibility for the accuracy and completeness of this information or any losses that arise due to the failure of any company whose products I have recommended. 

Past performance is used as a guide only. It is no guarantee of future returns.

The fund value of your investment and any income it provides can go up and down, and you may not get back the full amount invested.

Charges, including Adviser Charges, will reduce the returns you receive on your investments and over time can have a significant impact on your investments. 

Other than deposit-based savings, investments should be viewed over the medium to long term – a period of 5 years plus.

If you transfer or surrender a plan, especially during the early years, the fund value may be less than you have invested. 

Certain asset classes and funds will perform better than others and the asset allocation will change unless it is regularly rebalanced.

The capital value of your investment will be eroded if withdrawals exceed the net growth of the underlying investments.

Inflation will reduce the real value of your investment and any income over time.

In exceptional circumstances it may take some time to realise the full value of certain underlying assets, such as funds that invest in property and / or hedge funds.

An investment in corporate bonds is generally less secure than an investment in Government bonds due to the greater possibility of default.

Currency exchange rates can cause the value of investments, as well as any income they provide, to fall as well as rise.