income generating fund 4%

ColdIron

You just missed 3 and 6 month T Bills with HL. Applications closed 3:00 PM today

https://www.hl.co.uk/shares/ipos-and-new-issues/6-month-uk-treasury-bill

LHW99

Invesco Monthly Income plus (GB00B8N45Q51) grades itself on the KIID as 4 (out of 7), so mid-risk on that scale

https://documents.financialexpress.net/Literature/3E76A6A4D25113298E4AD1F1E434415F/223902857.pdf

It pays monthly and has an underlying yield of ~4.9%. However, it is an OIEC (strategic bond fund), so if you wish to use HL it may work out expensive, depending on how much you plan to hold.

It has an ongoing charge of 0.67%, so also more expensive on that basis than the 0.1% TER of CSH2.

Newbie_John

I like the Royal London ones:
Short term money market - 4.5%
Short term fixed Income - 4.8%
Short term fixed income Enhanced - 5.2%
Short credit - 7%
Sterling extra yield - 10%

They have been very stable for the past 3 years.

There's also a lot of renewables that pay close to 10% in dividends: UKW, ORIT, BSIF, NESF, SEIT, TRIG, FGEN.. 

leosayer

How long for?

Gilt TR43 will give you nearly 5% per year for 18 years.

n15h

TR43 coupon rate is 4.75% but is below par, so the capital gain at maturity will then bring it above 5% yield.
Gilt T56 gives over 5% for 30 years. Prices are currently above par, but depends if you're willing to pay to secure the 5% coupon rate.

aroominyork

ColdIron said:

You just missed 3 and 6 month T Bills with HL. Applications closed 3:00 PM today

https://www.hl.co.uk/shares/ipos-and-new-issues/6-month-uk-treasury-bill

Treasury bills are not listed on HL becasue they are not tradeable. Where can I see how they were priced? What is the typical balance between taxable coupon and non-taxable capital gain on them?

wmb194

aroominyork said:

ColdIron said:

You just missed 3 and 6 month T Bills with HL. Applications closed 3:00 PM today

https://www.hl.co.uk/shares/ipos-and-new-issues/6-month-uk-treasury-bill

Treasury bills are not listed on HL becasue they are not tradeable. Where can I see how they were priced? What is the typical balance between taxable coupon and non-taxable capital gain on them?

On the DMO’s website. I can tell you that last week’s effective annual yield was 4%, though. 

There is no balance between interest and capital gains; they pay no interest and, because they’re classified as deeply discounted securities, the capital gain is classed as interest.

Bostonerimus1

Beware excessive yield and remember that "Every time a dividend is given the stock price falls".

ColdIron

aroominyork said:

ColdIron said:

You just missed 3 and 6 month T Bills with HL. Applications closed 3:00 PM today

https://www.hl.co.uk/shares/ipos-and-new-issues/6-month-uk-treasury-bill

Treasury bills are not listed on HL becasue they are not tradeable. Where can I see how they were priced? What is the typical balance between taxable coupon and non-taxable capital gain on them?

What wmb194 said

HL alert you to new issues where you can apply for them (see my link), they send a secure message when allocations and price confirmed. I am using them in my SIPP so there are no tax issues and because of the £200 cap they are free to buy and hold for me. They beat their interest rates on cash