Money News
Abbey has hit the investment bond trail again with the roll-out of two Footsie linked plans designed to give investors access to the stock market, but with the security of a capital guarantee.
Guaranteed Growth Plan (Issue 14) will offer a minimum return of 6% over 3.5 years and 18% over 6 years and 50% participation in the FTSE 100 Index.
Guaranteed Capital Plus, on the other hand, will offer an 18% return after 3.5 years and a 40% return after 6 if the Footsie goes up by any amount at the end of the term. There is a guaranteed minimum return of 2% for both terms.
The products are tax efficient; returns can be free of Income and Capital Gains Tax, (annual CGT allowance is currently £9,200) and are available until April 22nd 2008 or earlier if sold out.
Minimum investment is £1,500.
12 February 2008 © Moneyextra.com
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