Legal & General is offering extra allocation of up to 1.3% on its income distribution bond. For inve...
Legal & General is offering extra allocation of up to 1.3% on its income distribution bond.
For investments of between £5,000 and £14,999 in its Capital & Income Growth bond the group is providing an extra 0.5% in allocation taking the rate to 102.5%. The group is offering 0.8% in additional units for investments of between £15,000 and £29,999 taking the rate to 103.8%. For investments of £30,000 and over the allocation goes up by 1.3% to 105.3%. The offer is open up to 1 September.
The product has paid out a rising income distribution every year since 1995, when it paid 5.13p per unit. This rose to 5.71p per unit in 1996 and to 5.93p in 1997. The distribution rose to 6.11p in 1998 and 6.23p last year.
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