It's time to decide what steps to take next to ensure your funds continue to work for you.
The target interest rates for Bond Series Eight were 4.75% per annum for the option with interest paid quarterly and 6.75% per annum for the option with interest paid at maturity, and the Bond is maturing having delivered these target rates.On 28th February, your original funds plus interest earned will be available in your CARLTON Bonds General Account. You can log in to your account today and check the performance of your investment and discover your total returns in the "Portfolio" section of your Dashboard.
When Bond Series Eight matures and your capital and interest has been returned to your account, there are three individual options to consider in regards to what you do next.
Our new Bonds, Series Eleven and Twelve, will launch on 28th Febraury 2024, meaning they will be open for investment when your Series Eight Bond matures and you are able to seamlessly reinvest should you wish to do so.
Direct investments are eligible for income tax. At CARLTON Bonds, we provide a number of alternative investment routes into our Bonds, including via our Innovative Finance ISA (IFISA), your Self-Invested Personal Pension (SIPP) or your Small Self Administered Scheme (SSAS), all of which provide tax-free returns.
You have the option of withdrawing your investment and any interest earned, at which point your funds will no longer be generating a return for you as part of a CARLTON Bonds Bond.
If you choose to once again reinvest direct, you will be able to do so into Bond Series Eleven and Twelve from 28th February.Our Series Eleven Bond has a four year term, targeting an interest rate of 7.75% per annum for quarterly-based Bondholders and 10.00% per annum for maturity-based Bondholders.Bond Series Twelve has a two year term, targeting an interest rate of 5.75% per annum for quarterly-based Bondholders and 8.00% per annum for maturity-based Bondholders.Bond Series Elevent and Twelve will be live when your Bond Series Three matures. Therefore, to reinvest, simply choose your preferred two or four year quarterly or maturity-based Bond and follow the process to invest, choosing the 'DIRECT' option once prompted.
It is important to remember that returns on any DIRECT investments are eligible for income tax and we provide a number of other routes to making investments into our Bonds Series, including via our Innovative Finance ISA (IFISA).
If you wish to withdraw, simply navigate to "Banking" within your Dashboard, ensure you are looking at your "General Account", select "Withdraw" and follow the on-screen instructions.
The tax year end is on the horizon and if you haven’t used this year’s annual ISA allowance there’s still time to do so on or before the 5th April 2024. The current allowance is £20,000 and remember: if you don’t use this allowance before 6th April 2024 you will lose it for this particular tax year.
We appreciate there are a number of options to consider and you may find it beneficial to arrange a call with our Head of Investor Relations, Dan Smith, to discuss your individual circumstances and options further.You can do so by arranging a time directly in Dan's diary at a time convenient for you.
Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies.Learn More