Quilter International
Managed Capital Account

Offshore investment contracts grow tax-efficiently, as offshore based life assurance companies are not currently liable to any form of income or capital gains tax on policyholders’ funds (although certain investment income may be subject to a non-refundable tax deduction at source in its country of origin – ‘withholding tax’.)

Many investors find managing a portfolio of funds an administrative burden. With the Managed Capital Account, Quilter International (formerly known as Old Mutual International) takes care of this by establishing a portfolio of Quilter International funds within the account, and managing any paperwork on your behalf.

As per Quilter International, by choosing the Quilter International Managed Capital Account, you can enjoy the following benefits:

• A choice of currencies in which premiums can be paid and the account denominated (currently Sterling, US Dollar and Euro);
• Flexible premium payment facilities;
• Availability of partial or full encashment at any time (an Early Encashment Charge may apply); and
• A loan facility, whereby you can borrow up to 50% of the bid value of your account.
• A partial surrender on your savings plan may be treated as a one-off withdrawal but you may not surrender more than the encashment (surrender) value of the plan.

Note, encashment penalties may apply for some years.

Quilter International Managed Capital Account Key Features:

Choice of Investments:

• Access to more than 40 of the world’s leading fund managers.
• Choose from around 370 international investment funds.

Choice of fund range:

• Building your investment portfolio:
  Depending on your goals, you and your financial adviser may decide to create a portfolio from Quilter International's selection of international investment funds. These unit-linked funds are provided by leading fund managers and give access to a broad selection of asset classes, sectors, specialisations and currencies.
• Researched range:
  Alternatively, there is Quilter International's Researched Fund Range. This range of high quality hand picked funds lets you and your financial adviser build and manage a portfolio that can help meet your needs with precision.
• Multi-asset portfolios:
  Or you may find that one of Quilter International's pre-packaged multi-asset portfolios, such as Compass Portfolio, is more suitable for you, meaning you can leave day-to-day portfolio management to their sister company Quilter Investors, the multi-asset business of Quilter. They are a range of risk-targeted, multi-asset portfolios and their main objective is to generate a long-term total return whilst effectively managing downside risks. 

Minimums:

Lump sum minimum of £10,000 / €15,000 / $15,000.

Currency:

Choice of 3 currencies including Pound sterling (GBP), Euro (EUR), United States dollar (USD).

Charges:

• There is an initial 'establishment' charge for each investment, to cover costs incurred in setting it up. Spread over five years, these charges work out at 1.6% each year.
• Quilter International also take 1% of the value of your fund each year to cover ongoing management costs.
• The fund managers of each fund you invest in may also make a charge. This is usually between 1% and 2.5% each year. It depends on the funds you've chosen, their managers and the type of investment. Your financial adviser will alert you to the charges before you commit to the individual funds.
• A maintenance charge of US$9.25 (€9.25/£6.15) will be taken unless either:
  
  - The amount of the contributions paid to the account; or
  - The value of the allocated units at their bid price are equal to or exceed US$15,000 (€15,000/£10,000) at the transaction date.
• A 1% credit card charge may apply. Please check with your credit card provider.

Early encashment:

There is an early encashment charge of 8% in the first year of each investment, reducing by 1.6% each year to 1.6% in year five and 0% thereafter.

NOTE: 

We would highly recommend reading the 'expert verdict' section of this review to learn why our experts gave Quilter International's Managed Capital Account 2.5 out of 5 stars.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

• Academic evidence only shared with a select few firms across the world
• A real-life example of why you should never try to outguess the market
• Why a fund's past performance is not enough to predict future returns
• Why you need to focus on what you can control and why this leads to a better investment experience
• Why you should accept the markets for what they are
• What can impact behaviour and make people seek instant gratification