The LM Savings Plan is a cost-effective savings product. Designed to provide wealth accumulation through regular savings, the LM Savings Plan can help investors reach their savings goals, and allows investors flexibility and control over their approach to savings1.
The savings plan provides flexible investment terms, with no extended-term "lock in" required (eg 1, 2,3,4,5 years), penalty free access to savings after the first year and positive account valuation on day one.
LM has a track record of managing returns in this asset class for more than 15 years.
The LM Savings Plan accommodates standing orders or regular payment arrangements from financial institutions to ensure regular contributions to a plan do not fall by the wayside, and investors can maximise their savings potential. *
The full savings plan can be accessed at the end of the investment term2. Prior to that, investors have the option to partially withdraw from their investment at each annual anniversary2. A partial withdrawal is capped at 20% of investment value per year and is completely penalty free.
Please review the Savings Plan brochure for further information, and the relevant investment documents for the LM Australian Income Fund.