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growth bonds
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t.keating.1
Posts: 5 Forumite
the post office are currently offering 7.05 pc guaranteed for one year.you have the peace of mind knowing they are there are at the counter should you need them.if you want to you can do a longer term of 3 and 5 years .the latter 4 years gurantee 6 pc.fantastic.im a counter clerk and its flying.its a limited offer so need to get in quick before they pull it
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They are not growth bonds. They pay the return as income and is therefore liable to income tax rather than capital gains tax. They are fixed term deposits. The post office seem to have a problem using the correct names for their products recently.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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I said the same on another thread about the PO Growth bond - as you say, income-generating term deposit.They are not growth bonds. They pay the return as income and is therefore liable to income tax rather than capital gains tax. They are fixed term deposits. The post office seem to have a problem using the correct names for their products recently.
In terms of misleading names, it's neither a bond, nor does it generate growth. An institution such as the Post Office ought to describe services more honestly, because it certainly made me think it might be subject to CGT instead of income tax, until I read it. Very misleading :mad:You've never seen me, but I've been here all along - watching and learning...:cool:0 -
LongTermLurker wrote: »In terms of misleading names, it's neither a bond, nor does it generate growth. An institution such as the Post Office ought to describe services more honestly, because it certainly made me think it might be subject to CGT instead of income tax, until I read it. Very misleading :mad:
Even more misleading if one were a committed Communist
, as it is described as " The People's Growth Bond " when in fact it is the Bank of Ireland's "growth bond"...there must be some sort of incentive for PO employees to sell this stuff - when I was buying stamps the other day I was offered life insurance at the same time. 0 -
when I was buying stamps the other day I was offered life insurance at the same time.
Another example of the PO using the incorrect name. Life insurance is the American term. it is increasingly being used in this country by companies that are happy to dumb down but personally I think we should stick to the British term which is life assurance.
If it was really the people's post office then they wouldnt keep closing all the branches.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Another example of the PO using the incorrect name. Life insurance is the American term. it is increasingly being used in this country by companies that are happy to dumb down but personally I think we should stick to the British term which is life assurance.
If it was really the people's post office then they wouldnt keep closing all the branches.
I thought ...
Insurance - coverage against a possibility
Assurance - coverage for a likelihood0 -
ffacoffipawb wrote: »I thought ...
Insurance - coverage against a possibility
Assurance - coverage for a likelihood
That is correct. And that is why life assurance is the correct term.
You are going to die. You dont know when but its going to happen. Hence assurance. You may go through life not having a car accident or claim so thats why its insurance. Americans dont use Assurance at all and it seems to be that along with a general lack of understanding about insurance/assurance that is why some drop assurance and use insurance.
There was something in the media a week or two back about a lecturer at a university saying that we should allow students not to be marked down on common spelling errors as its so widespread now. The problem is that if you keep dumbing down, where do you end up?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
There's only 1 thing in life you can be sure of, and that's that you're gonna die!ffacoffipawb wrote: »I thought ...
Insurance - coverage against a possibility
Assurance - coverage for a likelihood
Of that, you can be assured
You've never seen me, but I've been here all along - watching and learning...:cool:0 -
They always think they're better than the rest of mankind, don't they?You are going to die. You dont know when but its going to happen. Hence assurance. ... Americans dont use Assurance at all
I'd personally mark down everyone who put an apostrophe in the wrong place.There was something in the media a week or two back about a lecturer at a university saying that we should allow students not to be marked down on common spelling errors as its so widespread now. The problem is that if you keep dumbing down, where do you end up?
It makes my blood boil :mad: :rolleyes:
You're right though, next they'll say "let's accept simple numerical errors", so if your calculations are within 10% you should pass - bit scary if they happen to be taking a chemistry exam...You've never seen me, but I've been here all along - watching and learning...:cool:0 -
LongTermLurker wrote: »"lets accept simple numerical errors",
You forgot your apostrophe - it should be "let's accept simple numerical errors" :mad:
Sorry - couldn't resist that.
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D'OH!You forgot your apostrophe - it should be "let's accept simple numerical errors" :mad:
Sorry - couldn't resist that.
(ah - just reread it. No, I was providing a quoted mis-spell, suggesting that they would make such a basic mistake.;))You've never seen me, but I've been here all along - watching and learning...:cool:0
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