Many people would like to achieve a better return on their money than they can get in a bank or building society but they have to be prepared to invest for the longer term, giving up an element of security for potentially higher reward. They should understand that investments linked to stocks and shares can fall as well as rise in value and they may get back less than the amount invested.

With the LICI ISA your money is invested in the LICI With-Profits Fund which is designed to give increased investment income and steady capital growth. The fund invests in a range of carefully selected investments including stocks and shares, property and fixed interest securities in order to achieve this aim. Your money is pooled with that of other LICI With-Profits Fund investors and the investment risk is spread across a wide portfolio of investments. You have access to your money at all times although you should expect to leave your money invested for at least five years. The actual proceeds will depend on investment performance and any bonuses from the LICI With-Profits Fund.