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Achieving £1240 pension income each month - calculating contributions
Comments
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Is the bond a better product to that we took out with Birmingham Midshires although this was a 3 year Trigger GE ISA (Iss7) Issue Date 14 June 2007 - Maturity date 31 May 2010.
It is linked to the FTSE and states -The Initial Index Level = 6636.6 calculated by taking the daily FTSE 100 index closing date between 14 June 2007 and 13 July 2007.
I can see us only, hopefully, getting our investment back and nothing else.
Put it this way, the 8% income paying GEB will return your capital providing the FTSE is not lower than 1945 (based on current price) in 5 years time.
The GEBs available through the banks tend not to be very good in general.So forgive me if I am sounding naiive but does that mean that this is quite a good time to think seriously about it?
You would think so. Of course you never know for sure but if you feel that in 5 years time the FTSE is going to be higher than half its current level then it will be attractive.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 -
Put it this way, the 8% income paying GEB will return your capital providing the FTSE is not lower than 1945 (based on current price) in 5 years time.
The GEBs available through the banks tend not to be very good in general.
You would think so. Of course you never know for sure but if you feel that in 5 years time the FTSE is going to be higher than half its current level then it will be attractive.
Hi Dunstonh, where can I get more info about this GEB product?
Thanks.0 -
Its a product available through IFAs. I believe Premier will accept applications direct from public but whether they rebate commission or not is unknown.
The issue number is 42 (PL42) and details are here:
http://www.premierassetmanagement.co.uk/PLE42/Brochure.pdf
I have to point out for compliance reasons that this is just information only as it happened to come up on the thread. It is not advice.
It is a risk based product. However, you need to decide if the risks vs potential are an issue or not.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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