Pensioner Bonds now on sale

simplealan

One can only hope...

roddydogs

The 1 year bonus isnt worth it, unless youve already got £20k in Santander 123, & maxed out the other C/acs paying 5% or whatever. 3 yrs is too long for a pensioner to wait IMHO.

Alter_ego

Have just tried to login to NSANDI account, got right through entering my number and name, the password page came up, entered the required digits. All fine but no "Next" box to click. Frustrated as I cannot even see my other NSANDI products.

brianh

Alter_ego wrote: »

I know these bonds cannot be registered for gross interest under the R85 scheme.
Can anyone advise a PAYE pensioner how to reclaim the tax paid at the end of financial year?

For repayment of savings interest a simple form R40 is available directly from your local tax office or by phone. I do one for my wife each year and they send me one automatically.

brianh

roddydogs wrote: »

3 yrs is too long for a pensioner to wait IMHO.

What a depressing thought:)

System

My wife has just completed her online application; sadly, I am 7 weeks too young! Good to see that the Government has built in a dementia test into the online application process. If you are not married; have no children and do not drive - you are doomed. Why can't sites allow users to set up their own security questions and answers?

brianh

Alter_ego wrote: »

Bump!
I know I can reclaim from HMRC, But I don't know if NSANDI will issue a certificate of tax deducted each tax year or at end of 3yrs, or even if they issue one at all.
My other worry is that as I have always been PAYE will filling a tax form to reclaim this interest mean doing one annually or will I revert to PAYE.

You won't need to fill in form each year, only when you want to reclaim tax. Using the R40 there is a box (I think) that you can tick to indicate whether you want one sent the following year.
I don't know if NSI send out tax certificates but if not a screen print (if you have online account) will suffice. I've been sending in a R40 for wife for several years and have never been asked for any documentation.

gadgetmind

Oblivion wrote: »

Typical government department IT. Frankly I really can't be bothered with such a small maximum amount. Not worth the aggro.

And lower agro way for a couple to save £40k at a decent rate of interest with full government backing is ... ?

ANGLICANPAT

simplealan wrote: »

to Anglicanpat

never mind theoretical interest, how can we buy any bonds????????

:mad:

Lol - You still need to re-check 'the devil in the detail bits' --wouldnt do to overlook something in all the 'excitement' !!

Alter_ego

Nationwide have just emailed warning of all the bad things that may happen if you withdraw from N/W to save in these bonds.

eg
You may withdraw and then find bonds are oversubscribed.
You will lose tax free status if you withdraw from an ISA
You will have to pay any early closure penalty

What are they really saying? Are they really worried?