NS&I 5 year index linked saving certs 2011 issue - half way point!

schiff · 27 March 2015 at 1:46PM

"From next April, every basic-rate taxpayer will be able to earn £1,000 interest a year without having to pay tax.

Effectively, this means that for 95 per cent of savers all interest in High Street savings accounts will be paid tax-free — giving them a 20 per cent boost."

This is off the thisismoney website. Isn't getting £100 out of £100 interest, rather than £80, actually a 25% boost?

schiff · 27 March 2015 at 1:56PM

le_loup wrote: »

Did you put the money in for a great interest rate or as a hedge against inflation? If the former, get out; if the latter, stay put.

It was highlighted by Martin Lewis back at the start and it seemed like a good idea!

I've got my eye on the Monthly Income Portfolio by Seymour Sinclair (low charges) for my 2015-2016 ISA. Spread across half a dozen income funds and yielding 5.3% currently. That looks a more exciting prospect than waiting for inflation to go up. My main focus is income rather than growth.

veryintrigued · 14 April 2015 at 2:08PM

The value of mine (on the updated calc) is up slightly (0.21% I got) on last month and almost (to the penny) back at Januarys valuation.

redbuzzard · 14 April 2015 at 3:01PM

schiff wrote: »

"From next April, every basic-rate taxpayer will be able to earn £1,000 interest a year without having to pay tax.

Effectively, this means that for 95 per cent of savers all interest in High Street savings accounts will be paid tax-free — giving them a 20 per cent boost."

This is off the thisismoney website. Isn't getting £100 out of £100 interest, rather than £80, actually a 25% boost?

Can't argue with that, unless you're a journalist.

Or possibly a lawyer. A solicitor, when VAT was 15%, sent me a bill for £85 + £15 VAT. I paid it, because we had agreed £100 inclusive, but I gently pointed out to his office that he was paying too much tax. The office bod refused to accept my calculation.

veryintrigued · 12 May 2015 at 8:11AM

Thought I'd bump this back up in advance of the RPI figures next week and also the four year anniversary of this edition - especially as there will be the plethora of questions on these.

Just a reminder that using the calc on last months figures mine gave an increase of 12.36%.

vmp · 12 May 2015 at 10:18AM

Do you think there will ever be a new issue of these?

I got my last one four years ago tomorrow, and would relish the chance to get more - even if inflation is forecast to be low.

Now there's a Conservative majority government, perhaps they will be more sympathetic to savers and finally give us something to cheer?

I read about the possibility of a second 2015 budget, so perhaps there might be good news then :j

kidmugsy · 12 May 2015 at 12:34PM

vmp wrote: »

Do you think there will ever be a new issue of these?

Now there's a Conservative majority government, perhaps they will be more sympathetic to savers and finally give us something to cheer?

Keep an eye on the 2019 and 2020 budgets?

Ken68 · 12 May 2015 at 1:50PM

Don't think this government have ever been kind to savers, though certainly kind to naughty bankers. Not one in jail yet.

gadgetmind · 12 May 2015 at 2:07PM

It's not really the government's job to be kind to savers, but the pension bonds and removal of tax on first tranche of interest are recent improvements that come to mind, as is the higher (and simpler) ISA allowance.