MSE News: NS&I inflation-beating savings to return

This is the discussion thread for the following MSE News Story:

"Government-owned National Savings & Investments will re-launch its tax-free, index-linked certificates this spring ..."
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  • ReaperReaper Forumite
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    Good news with inflation high and the Bank of England resisting putting up interest rates, but it remains to be seen what they set it at. I suspect it will be worse terms than the previous RPI+1%
  • gadgetmindgadgetmind Forumite
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    Was the limit £15k per person with the old one? I was about to kick off a pair of those, but left it until after my holidays and the sods cancelled it while I was away.

    I'm going to get in *fast* next time.

    Ian
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • MasomniaMasomnia Forumite
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    00ec25 wrote: »
    Yes

    remember you cannot have these in a tax wrapper so after tax you will still be earning just under inflation, even more so if its lower that the +1% rate
    they are not inflation proof but are certainly better than a low rate savings account

    Weren't they tax free?
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • BigglesBiggles Forumite
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    00ec25 wrote: »
    remember you cannot have these in a tax wrapper so after tax you will still be earning just under inflation, even more so if its lower that the +1% rate
    they are not inflation proof but are certainly better than a low rate savings account
    You don't need these in a tax wrapper, they are completely tax-free, so you always earn ahead of inflation.
  • edited 24 March 2011 at 7:36PM
    00ec2500ec25
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    edited 24 March 2011 at 7:36PM
    oops - yes quite right they were tax free - just looked at my own certificate :o

    i was confusing them with the non NS&I currently listed on the main site where it warns of the tax implications of non NS&I ones
  • alanqalanq Forumite
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    gadgetmind wrote: »
    Was the limit £15k per person with the old one?

    £15k 3-year and £15k 5-year.
  • lisyloolisyloo Forumite
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    per issue which I believe used to be every quarter.
  • alanqalanq Forumite
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    Per issue and at any interval decided by NS&I. Interval could be a month or a year!

    7 April 2010 47th Index‐linking + 1.00%
    29 April 2009 46th Index‐linking + 1.00%
    18 June 2008 45th Index‐linking + 1.00%
    21 May 2008 44th Index‐linking + 0.70%
    2 April 2008 43rd Index‐linking + 0.35%
    25 April 2007 42nd Index‐linking + 1.35%
    20 May 2006 41st Index‐linking + 1.10%
    3 April 2006 40th Index‐linking + 0.95%
    30 December 2005 39th Index‐linking + 1.05%

    http://www.nsandi.com/files/asset/pdf/historic_interest.pdf
  • aptapt Forumite
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    They've been a very good form of saving over the last year, but the boom in commodity prices is likely to go into reverse over the next year and the VAT rise will drop out of figures in January 2012. Unless you are a higher rate taxpayer these probably won't outperform the best instant access savings accounts in 2012 and 2013.
  • poppy10_2poppy10_2 Forumite
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    I managed to get in on the RPI+1.35% issue. I'm guessing the next lot will be well under 1%
    poppy10
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