Got my NS&I index-linked statement

masonic

MDMD wrote: »

Given the more onerous terms and the low RPI, coupled to the fact I am now higher rate, are these really worth reinvesting anymore? Especially for such a small amount?

The current consensus forecast for RPI inflation in 2016 is 2.9%. Interestingly, inflation between January and June this year annualises to the same value, so inflation has already picked up even if it isn't yet evident in the 12 month figure owing to the deflation between October and January. As a higher rate taxpayer who will exhaust their £500 tax free savings interest allowance next year, it may make sense to empty the 3% taxable accounts before liquidating the savings certificates.

redmalc

Just looked at the calculator put 15k in May 2011 today 17'348,00 so not to bad

Stubod

...we have a few of these, 3yr and 5 yr, most are "up" next year and at the mo not to sure whether to roll them over again...on average in total they have achieved about 3.1% overall, so not too bad in the present climate...

veryintrigued

redmalc wrote: »

Just looked at the calculator put 15k in May 2011 today 17'348,00 so not to bad

What date are you entering? I only get two values for £15,000 in the whole of May 2011 these are lower than your £17,348

£17317.50 1st - 11th
£16972.50 12th - 31st

Do you mean £17318?

PS thread below discusses the valuations of the 2011 5 yr specifically.

https://forums.moneysavingexpert.com/discussion/4818555

redmalc

Apologies yep £17,318
When these mature next May are you able to roll them over

masonic

redmalc wrote: »

When these mature next May are you able to roll them over

Unless something drastic happens you should be able to roll them over.

polymaff

veryintrigued wrote: »

What date are you entering? I only get two values for £15,000 in the whole of May 2011 these are lower than your £17,348

£17317.50 1st - 11th
£16972.50 12th - 31st

Do you mean £17318?

I have a £15k ILC with a starting date of 19th May 2011.

FWIW my software is predicting an end-of-term redemption value of £17,173

Don't forget, there have to be assumptions whatever the algorithm. Mine is that annual rate remains at today's rate. What are yours?

So our predictions are probably all about right. Let's compare notes next spring.

veryintrigued

polymaff wrote: »

I have a £15k ILC with a starting date of 19th May 2011.

FWIW my software is predicting an end-of-term redemption value of £17,173

Don't forget, there have to be assumptions whatever the algorithm. Mine is that annual rate remains at today's rate. What are yours?

So our predictions are probably all about right. Let's compare notes next spring.

My assumptions are that the NS&I owns calculator is correct and is the value as of last month - i.e. not in 10 months time.

Your software algorithm forward prediction sounds like a real bobby dazzler!

polymaff

Stubod wrote: »

...we have a few of these, 3yr and 5 yr, most are "up" next year and at the mo not to sure whether to roll them over again...on average in total they have achieved about 3.1% overall, so not too bad in the present climate...

We've had some excellent AERs off ILCs this century. The've averaged 4.24% with a lowest of 2.96%

Then, the most recent came in at only 1.82% AER

That is all the OP and I are commenting on

As I posted previously, time to take the rough with the rough

polymaff

veryintrigued wrote: »

My assumptions are that the NS&I owns calculator is correct and is the value as of last month - i.e. not in 10 months time.

Your software algorithm forward prediction sounds like a real bobby dazzler!

From experience, I wouldn't trust NS&I to count a row of beans. Just as a matter of interest, I put my bond data into its process and it spits out a value which is not too different from the "today's valuation" my spreadsheet produces. I consider a predicted maturity figure which automatically converges on the real redemption figure to be, if you'll excuse the pun, of more interest.