NS&I etc

gadgetmind

grey_gym_sock wrote: »

income which is taxed more heavily than capital gains

There is no more tax on dividend income for basic rate tax payers (such as my wife) and both her and I are chocker with capital gains for the next few years.

Of course, income from bonds (but not prefs!) and some of the income from REITs, is taxed as income rather than dividends, so you need to take care. Then to add more complexity, there is no capital gains tax (or loss allowance!) on gilts or QCBs.

The lesson is to hold as much as you can wrapped and to fully understand everything you hold unwrapped.

grey_gym_sock

ah, ok ... i guess that's an unusual tax position to be in.

(you cut the word "mostly" when quoting me - making my claim less accurate! )

gadgetmind

grey_gym_sock wrote: »

ah, ok ... i guess that's an unusual tax position to be in.

I'm read that the majority of CGT in the UK is paid by people who don't have earned income, so not that odd.

(you cut the word "mostly" when quoting me - making my claim less accurate! )

Apologies. That wasn't my intention.

kidmugsy

Birmingham Midshires had a decent inflation-protected Cash ISA recently. You could keep an eye on them.