NS and I -Thank you very much!
21 April 2011, 08:19 PM
#1
Scooby Regular
Thread Starter
NS and I -Thank you very much!
Well what a result from NS and i
I bought some tax free RPI linked certificates three years ago that matured last month. These deals were withdrawn quite some time ago.
They've written to me and rather than shoving it in some account paying 0.1% they have put them straight back into an account that continues to pay about RPI +1% tax free.
With RPI at about 5% that's 6% tax free
I bought some tax free RPI linked certificates three years ago that matured last month. These deals were withdrawn quite some time ago.
They've written to me and rather than shoving it in some account paying 0.1% they have put them straight back into an account that continues to pay about RPI +1% tax free.
With RPI at about 5% that's 6% tax free
21 April 2011, 08:29 PM
#2
Scooby Regular
That's excellent. Just looking on the website just now, there doesn't seem to be anything like that available. Must be just because you had those certificates with them, but that's very good.
21 April 2011, 10:31 PM
#3
Scooby Regular
Thread Starter
[quote=GlesgaKiss;9999436]That's excellent. Just looking on the website just now, there doesn't seem to be anything like that available. Must be just because you had those certificates with them, but that's very good.[/quote
Yes they withdrew them about a year ago. However they seem to be happy to roll over the certificates/bonds for those who already have them.
RPI + 1% tax free is about 10% gross at the moment for a higher rate tax payer so nothing else comes close
Yes they withdrew them about a year ago. However they seem to be happy to roll over the certificates/bonds for those who already have them.
RPI + 1% tax free is about 10% gross at the moment for a higher rate tax payer so nothing else comes close
22 April 2011, 10:20 AM
#4
Scooby Regular
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
Well what a result from NS and i
I bought some tax free RPI linked certificates three years ago that matured last month. These deals were withdrawn quite some time ago.
They've written to me and rather than shoving it in some account paying 0.1% they have put them straight back into an account that continues to pay about RPI +1% tax free.
With RPI at about 5% that's 6% tax free
I bought some tax free RPI linked certificates three years ago that matured last month. These deals were withdrawn quite some time ago.
They've written to me and rather than shoving it in some account paying 0.1% they have put them straight back into an account that continues to pay about RPI +1% tax free.
With RPI at about 5% that's 6% tax free
Chip
22 April 2011, 01:45 PM
#5
Scooby Regular
Thread Starter
Trending Topics
23 April 2011, 11:55 PM
#14
Scooby Regular
Join Date: Nov 2000
Location: 32 cylinders and many cats
Posts: 18,658
Likes: 0
Received 1 Like
on
1 Post
We shouldn't really be delighted with 1% return after tax, but it is so much better than other options that we are. Recent patronising cash ISA adverts just wind me up when really they are taking money off you for saving in real terms with this ridiculous ZIRP.
24 April 2011, 03:12 PM
#19
Scooby Regular
Thread Starter
24 April 2011, 03:42 PM
#21
Scooby Regular
Join Date: Sep 2003
Location: Scoobynet
Posts: 5,387
Likes: 0
Received 0 Likes
on
0 Posts
Good result there Ding! I took out a number of these too, and the first 3year ones for me matured last year - I was surprised they went automatically into another bond with a decent rate (as they were closed to new applicants at the time), but obviously pleased as the returns are unbeatable, and the money is insured.
Managed to get my ISA into a Leeds building society account with similar terms too a couple of years back, so a decent chunk of my cash is beating inflation!
Been playing around with Zopa with good results too - so 7.3% there, or rather 6.3% after their fees.
Managed to get my ISA into a Leeds building society account with similar terms too a couple of years back, so a decent chunk of my cash is beating inflation!
Been playing around with Zopa with good results too - so 7.3% there, or rather 6.3% after their fees.
24 April 2011, 06:07 PM
#22
Scooby Regular
Thread Starter
Good result there Ding! I took out a number of these too, and the first 3year ones for me matured last year - I was surprised they went automatically into another bond with a decent rate (as they were closed to new applicants at the time), but obviously pleased as the returns are unbeatable, and the money is insured.
Managed to get my ISA into a Leeds building society account with similar terms too a couple of years back, so a decent chunk of my cash is beating inflation!
Been playing around with Zopa with good results too - so 7.3% there, or rather 6.3% after their fees.
Managed to get my ISA into a Leeds building society account with similar terms too a couple of years back, so a decent chunk of my cash is beating inflation!
Been playing around with Zopa with good results too - so 7.3% there, or rather 6.3% after their fees.
Thanks Pete.
I remember having a discussion on here with you some time ago regarding Zopa. You obviously went ahead with it. Could you share some more details as to how you have found the whole experience?
Thanks
Thread
Thread Starter
Forum
Replies
Last Post
