MSV Single Premium Plan
If you have a lump sum of money, which you have saved over the years or perhaps inherited and are looking for a potentially better alternative to banks’ saving and term deposit accounts, look no further. Under current legislation and tax practice, the MSV Single Premium Plan is an ideal tax-efficient, medium to long-term savings plan for those wishing to invest a lump sum of money with relatively steady but conservative growth.
The MSV Single Premium Plan at a glance
|
| Type of Plan |
With-Profits Single Premium plan |
| Minimum Premiums |
€5,000 – Applicants taking out a plan before age 75
€10,000 – Applicants aged 75 or older |
| Minimum Term |
5 years |
| Age at Entry |
3 months to 17 years (Child Policy Versions)
18 to 85 years (terms and conditions apply) |
| Additional Top-Ups |
Minimum €500 No top-ups allowed in the last 5 years of the plan |
| Free Partial Withdrawals of Capital |
Minimum €500 after the 4th year subject to minimum of €5,000 retained in the Plan |