Jubilee Financial Products has launched a product with returns linked to UK residential property prices and available as a deposit or capital protected plan with two investment terms.
Its deposit versions are, subject to the eligibility of the investor, covered by the FSCS and have their returns taxed as income while any profits from the plans are treated as capital gains and taxed accordingly. The shorter 5 year version offers investors a rate of return linked to the growth in the Halifax House Price Index (‘HPI’) plus 7.5%, while the slightly longer 5 ½ year product offers HPI plus 10%. Unlike direct property investments, capital is not at risk from falling house prices, and investors will still receive a positive return if the index falls by less than 7.5% and ...
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