Why choose a European Savings Account
The European Savings Account, designed for expatriate and international investors, provides all the flexibility needed to help maximise regular savings.
Investors can also benefit from gross roll up on funds making the European Savings Account an excellent investment solution for tax planning.* Please refer to our tax treatment section.
In addition this regular premium savings account offers access to an extensive range of international, sector and specialist funds with a wide choice of investment objectives and risk reward profiles.
Benefits at a glance
- Available to investors aged between 18 and 59 inclusive
- Regular savings with flexibility to accept additional lump sum premiums at any time
- 105% allocation for regular premiums in year one and 100% thereafter
- 105% allocation of any premium increase (in excess of previous highest premium amount) for one year
- Loyalty bonus of up to 5% of policy value at maturity
- Death benefit of 101% of allocated units at the selling price at no extra cost
- Access to capital via an advance payment facility
- Automatic Premium Escalation Option to increase premiums by 5% or 10% each year to maintain the purchasing power of the policy. Credit card or direct debit payments only
- Choice of premium payment methods
- Competitive charging structure
- Irish regulated provider authorised to transact insurance business into Europe
This web page is only intended as a general introduction to the European Savings Account.
Full details of the European Savings Account can be found in the brochure Investing in the European Savings Account and Details of your European Savings Account and Pension Account (Terms applicable - ref E02 & ref E03) available from an adviser or contact our Skandia Ireland office.
