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Is now the time to buy index linked saving certificates
Comments
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JoeCrystal wrote: »@nicko33 Well, I do know that interest from Index-linked Savings Certificates and Fixed Interest Savings Certificates are not counted when applying for Working Tax Credits. Not sure about other benefits however.
Yes its true that the interest is tax free, in the sense that it doesn't contribute towards taxable income (like an ISA) but I would be very surprised if the capital value of the certificates was excluded from any means-tested benefits that have a savings threshold (e.g. housing benefit).0 -
Does anyone think it would be worth converting a Halifax guaranteed saver, fixed at 5%, into ILSC now or should I just wait for the fixed rate to expire in November. When does the VAT rise kick in?0
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