Hi @robert can you confirm… I know you guys said at least the first £1million of bonds would be subject to the 5% ‘protection’… Given we’ve had the first issuance of £100k what does that mean for the £1m offering in March? Are they still under the ‘trust’ bond model?
Also can you confirm if you go for the next (march) issuance and are successful and opt for the s&s isa (on the basis of not having one for 18/19 already) that this will count for the pre April 5th 2018/2019 allowance? Cheers
When we launched we put aside money to provide the interest for up to £1m of investment in our Trust Bonds.
Because of the popularity of these and the demand, that amount has been increased, so we are able to offer a larger volume of bonds, including the upcoming March issuance. We will continue with exactly the same model.
The March issuance will happen before the end of the 2018-19 tax year, yes.
Clear and prompt response as always! Thanks!
I have the app now but I don’t see anything about bidding for March.
I have contributed money to another ISA account this tax year would that mean I cannot bif for this issue?
You can use a GIA instead of an ISA if you’d like.
Thank you.
has the bidding started?
Not yet.
I understand it has been held back slightly due to the current Crowdfunding - it appears to be being offered as an investment perk as well as the regular use.
the bond bidding opens next week so we can update the app and also get more customers into the app