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Time to chuck my RPI linked savings.

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Comments

  • JoeCrystal
    JoeCrystal Posts: 3,368 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    That got me confused as well, missile. I always made sure to know exactly what I am getting here when buying them
  • 6022tivo
    6022tivo Posts: 818 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    missile wrote: »
    I don't mean to be rude, but why did you buy "large chunks" of a product you did not understand?

    Because I had to shift quite a large amount of money into something tax free due to tax credits very quickly after a house sale.
  • nrsql
    nrsql Posts: 1,919 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sometimes "It's backed by the government, tax free, guaranteed to not decrease and you can take the money out at any time" is all you need to know.
  • dunstonh
    dunstonh Posts: 120,000 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    nrsql wrote: »
    Sometimes "It's backed by the government, tax free, guaranteed to not decrease and you can take the money out at any time" is all you need to know.

    and in the long run it tends to be better than savings rates. Its not for rate tarts who move money around all the time.
    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.
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