Our plans with Healthy Fee Saver help your clients access more value from year one, through our Healthy Living Discount, and give them real financial benefits when they make positive lifestyle choices, through the Vitality Programme.
Our plans with Healthy Fee Saver and Boosters have a different charge structure. They also give your clients access to the Vitality Programme and the Healthy Living Discount but in addition to this, when your clients invest in Vitality funds, they get access to Boosters to help their investments grow.
The Retirement Booster, available only on Retirement plans with Healthy Fee Saver and Boosters, could be paid each year starting from the year following the first annual anniversary of the date the client has allocated some or all of their plan to flexi-access drawdown. We calculate the booster each year based on the amount of income taken over the previous year, in this way they could receive a new booster each year.
The boost amount will be paid into the plan over the course of the year, at the same frequency as the income being taken. Payments for each booster start one month after each anniversary of the drawdown plan. If no income is being taken, the total amount of the boost will be paid into the plan at the end of the first month.
For details on the Retirement Booster rates and eligible funds, please see the
Retirement Booster Schedule.
The Retirement Booster rates will stay the same for 10 years following the start of the first drawdown policy year, or on becoming eligible for the Retirement Booster, if later. After 10 years new rates will apply that may be higher or lower.
For details on the Retirement Booster rates and eligible funds, please see the
Retirement Booster Schedule.
The Investment Booster, available only on plans with Healthy Fee Saver and Boosters, is added to your client's plan every five years provided they have continuously invested in eligible funds during the period. If they invest more in Vitality funds in subsequent years, we’ll boost these investments too, once they’ve been invested for five years. So, after five years, with regular investments, your client could receive a boost each year.
For full details on the Investment Booster rates and eligible funds, please see the
Investment Booster Schedule.
The Investment Booster rates will stay the same for money paid in that remains invested in eligible funds. The Investment Booster rates and continuous minimum investment periods for future investments may be different. For further details, please see the
Investment Booster Schedule.
If these rates change, then we will provide both you and your clients with at least 30 days written notice.
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