Post Office 1 yr Growth Bond

tomandkath

As a matter of interest, are you guys staying put or bailing out?

dunstonh

you mean in the misnamed product that was neither growth or a bond?

...sorry, its been a while and couldnt help it

tomandkath

Grrr! Can't you let it through just once? :rotfl:

amistupid

dunstonh wrote: »

you mean in the misnamed product that was neither growth or a bond?

...sorry, its been a while and couldnt help it

You can call it what you want if it yields 7.01% in September.

Richchad

amistupid wrote: »

You can call it what you want if it yields 7.01% in September.

You might be calling it something different if BOI goes bust along with the country...:rotfl:

dunstonh

at least it bounced the thread...just like this

You can call it what you want if it yields 7.01% in September.

Yes. But growth would mean that 7.01% would be tax free as part of your CGT allowance or taxed at 18% if CGT allowance used up. As its income its taxed at 20% or 40%

amistupid

Richchad wrote: »

You might be calling it something different if BOI goes bust along with the country...:rotfl:

Might do but pigs might fly? :rotfl:

dunstonh

... or nil if you are a non taxpayer

tomandkath

Any chance we could have answering as well as bouncing? :rotfl:

ANGLICANPAT

I pulled out ny 20+k just incase. Straight into a Cheshire 3.75% fixed. I can live with the lost interest between the two as there was no breakage fee. Im sure it would have been fine, but I just like minimizing worry and these ARE extraordinary times.

Coral_10

ANGLICANPAT wrote: »

I pulled out ny 20+k just incase. Straight into a Cheshire 3.75% fixed. I can live with the lost interest between the two as there was no breakage fee. Im sure it would have been fine, but I just like minimizing worry and these ARE extraordinary times.

I have the 1 yr growth bond as well but are you sure there's not breakage fee? It says on the growth bond FAQ that there is on the website.

Cheers