MSE News: NS&I inflation-beating savings to return
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Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"Government-owned National Savings & Investments will re-launch its tax-free, index-linked certificates this spring ..."
"Government-owned National Savings & Investments will re-launch its tax-free, index-linked certificates this spring ..."
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Good news with inflation high and the Bank of England resisting putting up interest rates, but it remains to be seen what they set it at. I suspect it will be worse terms than the previous RPI+1%0
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Was the limit £15k per person with the old one? I was about to kick off a pair of those, but left it until after my holidays and the sods cancelled it while I was away.
I'm going to get in *fast* next time.
IanI am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Yes
remember you cannot have these in a tax wrapper so after tax you will still be earning just under inflation, even more so if its lower that the +1% rate
they are not inflation proof but are certainly better than a low rate savings account
Weren't they tax free?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
remember you cannot have these in a tax wrapper so after tax you will still be earning just under inflation, even more so if its lower that the +1% rate
they are not inflation proof but are certainly better than a low rate savings account0 -
oops - yes quite right they were tax free - just looked at my own certificate
i was confusing them with the non NS&I currently listed on the main site where it warns of the tax implications of non NS&I ones0 -
gadgetmind wrote: »Was the limit £15k per person with the old one?
£15k 3-year and £15k 5-year.0 -
per issue which I believe used to be every quarter.0
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Per issue and at any interval decided by NS&I. Interval could be a month or a year!
7 April 2010 47th Index‐linking + 1.00%
29 April 2009 46th Index‐linking + 1.00%
18 June 2008 45th Index‐linking + 1.00%
21 May 2008 44th Index‐linking + 0.70%
2 April 2008 43rd Index‐linking + 0.35%
25 April 2007 42nd Index‐linking + 1.35%
20 May 2006 41st Index‐linking + 1.10%
3 April 2006 40th Index‐linking + 0.95%
30 December 2005 39th Index‐linking + 1.05%
http://www.nsandi.com/files/asset/pdf/historic_interest.pdf0 -
They've been a very good form of saving over the last year, but the boom in commodity prices is likely to go into reverse over the next year and the VAT rise will drop out of figures in January 2012. Unless you are a higher rate taxpayer these probably won't outperform the best instant access savings accounts in 2012 and 2013.0
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I managed to get in on the RPI+1.35% issue. I'm guessing the next lot will be well under 1%poppy100
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