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Student Loan, should i take it?
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chris_langs wrote: »So let me get this perfectly straight, i'm allowed to put say £3,500 into a 1 year fixed bond, after already reaching my ISA limit of £3,600 for the tax year. And be guaranteed a 7% return before or after tax? once the term is up.
You can put any amount in, regardless of your ISA. You're guaranteed that return before tax after the year, if you keep to the conditions and don't take anything out or something.
If you pay tax, then 20% of your interest will be taken off you, so you'd get a return of 5.6% after tax on a 7% account by my calculations.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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