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Top up ISA with Tax-exempt Investment Policy?
geminipegs
Posts: 4 Newbie
I have recently seen information about the tax exempt investment policy whereby i can save a further (and up to) £25 a month for at least a term of 10 years. my query is as it has to be with a friendly society, can anyone give me tips on which company to look at to save with, especially in light of the northern rock fiasco, i would like to make sure that any money invested is secure. Thanks ever so for any comments. geminipegs
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Comments
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What policy is this? I know of National Savings Certificates, which are tax free, but I'm not familiar with 10-year investment policies and would like to know more if you're willing to share the information!I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Its some gumf that i got in the post. cant find much information about it which is why im querying it here. got packs from 2 companies and they all seem to say that you can save up to £25 a month for 10 to 25 years and the payout is tax free at the end of the term. i need tips on this type of investment0
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As far as I remember they offer poor returns and not really worth considering.
This thread might give you some more info.
http://forums.moneysavingexpert.com/showthread.html?t=538547&highlight=friendly0 -
Thanks so much for that information. i think that i may decide to steer clear and chuck the forms away.0
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