Bond Series Three Will Mature On 28th February 2024

It's time to decide what steps to take next to ensure your funds continue to work for you.

On Wednesday 28th February your funds will be available in your bank account

The target interest rates for Bond Series Three were 5.75% per annum for the option with interest paid quarterly and 7.75% 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 the bank account from which you deposited the funds. 

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.

You now have three options

When Bond Series Three matures and your capital and interest has been returned to your bank account, there are three individual options to consider in regards to what you do next.


Reinvest Direct icon

Reinvest Direct

Our new Bonds, Series Eleven and Twelve, will launch on 28th Febraury 2024, meaning they will be open for investment when your Series Three Bond matures and you are able to seamlessly reinvest should you wish to do so.

Reinvest in a Tax-Wrapper icon

Reinvest in a Tax-Wrapper

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.

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Withdraw

Your funds will automatically be withdrawn from Bond Series Three on 28th Febraury 2024 and will be available in your bank account shortly after. You do not need to initiate the withdrawal of your investment and capital. It will happen automatically.

Option 1: How to Reinvest Directly

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.

Option 2: How to Reinvest In A Tax-Free Wrapper

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).

Option 3: How to Withdraw

Your funds will automatically be withdrawn from Bond Series Three on 28th February 2024 and will be available in your bank account shortly after.

You do not need to initiate the withdrawal of your investment and capital, it will happen automatically.

Don't Forget: Your ISA Allowance Resets On 6th April

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.

  • Using any uninvested 2023/24 ISA Allowance

    Our latest Bonds, Series Eleven and Twelve, will be live from 28th February, meaning you can utilise any uninvested ISA allowance you have for the current 2023/24 tax year to invest should you wish to do so. As with Bond Series Three, there will be a number of options available to suit your preferences and requirements in regard to Bond duration and interest payments.
  • Planning for your new 2024/25 ISA Allowance

    From Saturday 6th April 2024, you will have a fresh opportunity to deposit up to £20,000 within an ISA wrapper. Our Bonds Series Eleven and Twelve will both remain open into the new tax year, allowing you the opportunity to target tax-free returns of up to 10.00% per annum with an IFISA investment.
  • Transferring In

    For investors with funds in ISAs with other providers, there is the option to transfer funds in from these existing ISAs into the CARLTON Bonds IFISA.

    You can facilitate a transfer into your CARLTON Bonds IFISA by logging into your CARLTON Bonds account, navigating to your 'Profile' and 'IFISA Details' then choosing 'Transfer In'.

Discussing Your Options Further

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.