National Savings & Investments (NS&I) is set to launch a new issue of its Guaranteed Equity Bond (GEB) offering a return to match growth on the FTSE 100 up to a maximum of 70% of the initial investment.
If the index falls or fails to rise over the five-year term, an investor will receive their investment back in full as NS&I is backed by HM Treasury. Although NS&I Guaranteed Equity bonds are linked to the FTSE, the firm does not invest the money in equities, so investments are ineligible for dividends. Investors can now also invest in the Guaranteed Equity Bond (GEB) through a SIPP and, provided the total investment in the SIPP does not exceed the lifetime limit, the returns will be free of UK income tax. Issue 14 of the GEB goes on sale for a limited period from 12 March to 29 April 20...
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