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 will be returned – along with either your total interest gained or your final quarterly interest payment – to your SIPP.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 bank account, there are two options to consider in regards to what you do next.
Our latest Bonds – Series Eleven and Twelve – will launch on your maturity date, meaning you can seamlessly reinvest your funds using your SIPP.
Your funds will automatically be returned to your SIPP on 28th February 2024. You do not need to inititate a withdrawal.
If you choose to once again reinvest using your SIPP, you will be able to do so into Bond Series Elevent 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 Eight matures. Therefore, to reinvest via your SIPP, simply choose your preferred two or four year quarterly or maturity-based Bond and follow the process to invest, choosing the 'SIPP' option and following the instructions on-screen.
When your Series Eight Bond matures on 28th February, your funds will automatically be returned from to your SIPP. You do not need to initiate the withdrawal of your investment and capital.At this point, your money will no longer be generating a return for you as part of a CARLTON Bonds Bond.
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.
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