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Consumer  >  Investment for Consumers  >  With Profits  >  Declared Bonus Rates  >  Declared bonus for 2000

Declared bonus for 2000

The directors declared regular bonuses for 2000 in respect of the unitised with profits contracts for the Talisman contracts. These are shown in the table below:

With Profits 1 relates to business sold or benefits switched to with profits before 12 September 2000.

With Profits 2 relates to business sold or benefits switched to with profits between 12 September 2000 and 30 June 2001.

Notes

Interim bonuses was payable at the regular bonus rates in 2001.

In addition a terminal bonus was also paid, calculated as a percentage of the unit account in respect of each policy year's premium payments and depending on the number of years of participation completed.

Crest Growth Plan - with profits fund

From 1 January 2001, the bonus rate was 4% p.a. In addition, in money purchase schemes, a terminal bonus was paid, calculated as a percentage of the amount of the with profits unit account in respect of each year's premium payments, the percentage depending upon the number of years of participation completed.  The maximum terminal bonus rate was 41%.

For defined benefits schemes in lieu of terminal bonus, a special bonus of 2.5% of the number of with profit units attaching as at 31 December 2000 was paid. In addition for defined benefits schemes a special interim bonus of 5% of the amount of the with profits unit account in respect of any units being surrendered was payable.