Re: Alternative to ISA Bonds
- From: "Andy Pandy" <spam8times@xxxxxxxxxxxxxxxxxxxxxx>
- Date: Thu, 31 May 2007 20:15:19 +0100
"Edwardo" <webadd@xxxxxxxxx> wrote in message
news:1180601516.133052.259720@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Hi, my wife & I have about £24K each invested the Nationwide High
Income Fund under an ISA umbrella. The return over the last 12 months
is 0.5% & it look like the returns in the near future are going to
equally as poor. As we are no longer working we need a positive
return. Are there any non equity alternatives under an ISA umbrella or
should we exit the ISA & put the money in a savings account? TIA
Nearly all UK corporate bond/gilt funds have had similar poor returns, due to capital
loss because of increasing interest rates. You can't keep the ISA wrapper without
moving to another bond/gilt/equity type investment, so if you cash it in and invest
in a saving account you'll pay tax on the interest, assuming your other income uses
up your allowance (currently you'll get a tax credit for interest earned within the
ISA). You could consider a high income equity type fund, but the capital risk is
much greater.
--
Andy
.
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