Abbey is to launch a new structured investment series offering two tax-efficient investment options for both private investors and trustees.
The Abbey Guaranteed Options Plan, open until March 17th and promising repayment on March 31st 2006, offers either guaranteed fixed growth or the potential for high, stock market-linked increases.
The first option provides guaranteed growth of four per cent, potentially equivalent to 6.6 per cent gross for higher rate taxpayers if their gains are within their CGT or ISA allowances.
The second option offers a potential 20 per cent growth on the initial investment after a year, depending on the performance of the FTSE 100 index during the one year investment term. This increase is not guaranteed.
"This is effectively an annual income investment with capital guaranteed," said Ambrose McGinn, director of Abbey for Intermediaries.
"The first option offers an excellent fixed rate for higher rate taxpayers using their tax allowances. The second option could offer a fantastic 20 per cent bonus after just one year, and whatever happens, the original capital is fully guaranteed."To find out more about investing, click here.
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