An appeal to the over 65s
The appeal is not being made by Anderson Lloyd, but by the Chancellor - who would like pensioners to give him a vote of confidence in the General Election.
It comes in the form of Pensioner Bonds with NS&I. They are guaranteed growth bonds with a one-year bond providing 2.8% net of tax - with the two-year version returning 4%. Compared with Government Gilt Edged Securities, these returns are generous.
Each Bond has a limit of £10,000, so a couple could buy four of them - two one-year bonds and two two-year bonds and therefore invest some £40,000.
The open market doesn’t seem to offer anything near these interest rates.
However, it’s worth spending some time thinking through whether or not they are right for you.
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