Charges on
Lump Sums
Best Buy: Hibernian via a discount broker. Your lump sum investment will
be increased by 3.5%.
|
|
Hibernian |
Dolmens |
Friends First |
|
Initial Charge |
0% |
2% |
2.5% up to €12,000 1% up to €25,000 |
|
Annual Charge |
1% |
0.75% |
1.525% |
|
Exit Charges |
First 4 years |
None |
First 5 years |
|
Minimum Investment |
€5,000 |
€6,000 |
Irrelevant – avoid this product |
|
|
|
|
|
If you go to a discount broker for the Hibernian product, your initial investment
will be increased to 103.5%.
If you go through an ordinary broker for the Hibernian product, you
could by charged 1.5% a year.
If you go through an ordinary broker for the Dolmen product, you may be
charged an initial fee of 4%.
Charges on
Regular Savings Plans
Best buy: Hibernian via a discount broker
|
|
Hibernian |
Friends First |
|
Initial Charge |
0% |
5% +50% of first year’s premiums +50% of any increase in premiums |
|
Monthly policy charge |
€1.50 |
none |
|
Early exit charges |
First 5 years |
First 5 years |
|
Annual Charge |
1% - if you go directly 1.5% - via a broker |
1.125% |
|
Minimum |
€50 |
Irrelevant – avoid this product |
A discount broker will get some reduction on these charges.
The Friends First is a fixed term policy – the figures are given for a
10 year policy.