Five Legal & General index-tracking ISAs with cash back

Legal & General is offering customers, who invest direct, a rebate of the 2007 annual management charge (excluding extra expenses) for lump sum investments of at least £4,000 made into one or more of its five geographical index-tracking trusts within an ISA before 30 April 2007.

The offer is available online at legalandgeneral.com/offer and will be featured in Legal & General newspaper advertisements and direct mail shots between now and 30 April 2007.

Alternatively customers can call Legal & General on 0800 092 0092.

To be eligible for the rebate, customers must not cash in part or all of their investment and should hold the investment in the same trust without switching to any eligible or non-eligible trust until 31 December 2007.

Claire Stracey, Wealth Management Director Customer Marketing said “Our Index-Tracking ISAs do not charge initial fees or exit fees. We believe this offer, to refund the annual management charge on this range of index-tracking ISAs across the UK and International markets, presents lump sum investors with a value for money investment that’s hard to beat.”

The offer applies to new investment, PEP and ISA transfers as well as top ups from existing Legal & General investors in the selected range of five index-tracking trusts when held within an ISA, which includes the UK Index, European Index, US Index, Pacific Index and Japan Index. (Note: This offer is subject to conditions).

Annual management charges currently range between 0.5 per cent and 0.75 per cent, depending on the trust held within an ISA. What’s more there are no initial or withdrawal fees, however in some cases, extra expenses will still apply.

The value of an ISA investment (and any income received from it) can fall as well as rise, is not guaranteed and you may not get back the original amount invested.

Exchange rate variations may cause the value of overseas investments to increase or decrease. An ISA should be considered a medium to long-term investment, for example at least five years.