NS&I ILSC maturing May 2019

speedyrite

polymaff wrote: »

So you cash in on day one of the investment year.

Ok understood, so that’s really the only opportunity to do so - once each year isn’t it - ILSC renewal would be no good if you got to say midway through any year, found that you needed to cash in and couldn’t wait until the next anniversary. Thanks for helping me see that more clearly.

polymaff

speedyrite wrote: »

Ok understood, so that’s really the only opportunity to do so - once each year isn’t it - ILSC renewal would be no good if you got to say midway through any year, found that you needed to cash in and couldn’t wait until the next anniversary. Thanks for helping me see that more clearly.

I think that the point intended is that a 5 year bond is also a bit of a 1 year, 2 year, 3 year or 4 year bond, too - in terms of a need for easy access with minimal penalty.


As for "no good" at the half-year point - that's up to the individual.

AnotherJoe

speedyrite wrote: »

Ok understood, so that’s really the only opportunity to do so - once each year isn’t it - ILSC renewal would be no good if you got to say midway through any year, found that you needed to cash in and couldn’t wait until the next anniversary. Thanks for helping me see that more clearly.

You'd still only lose out on that years CPI which is only about 2% so if you cashed in half way through thats 1%, if itw as say Feb or march, then 1/6% or other end of the year if it got to say October/November and you desperately needed the money and couldnt wait a month or two then you shouldn't be holding these bonds.

speedyrite

AnotherJoe wrote: »

You'd still only lose out on that years CPI which is only about 2% so if you cashed in half way through thats 1%, if itw as say Feb or march, then 1/6% or other end of the year if it got to say October/November and you desperately needed the money and couldnt wait a month or two then you shouldn't be holding these bonds.

Yeah, I don’t actually hold them myself, but I know somebody who does for whom this info will be useful. Thanks for the comments on my query folks.