Guaranteed bond bonus by Eurolife

Eurolife is launching a one-year guaranteed bonus bond linked to the FTSE 100 which guarantees to pay at least 9% regardless of the performance of the market, writes Robert Stock. The income is free of basic rate income tax and CGT. The minimum investment is £5,000 and the maximum is £500,000, although larger investments can be accepted by special arrangement. Commission to IFAs is 2% initial. While the bonus level is guaranteed the capital is not. Assuming the FTSE 100 does not fall below 90% of the closing level of the index on 30 June 2000, capital will be returned in full. If the ind...