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Tax trap on new NS&I British Savings Bonds when you pay in just £7,700

Savers who put £7,705 into NS&I s new British Savings Bonds could be landed with a tax bill in three years time, due to how they are structured.

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Savers hit with NS&I tax trap

Savers putting money into NS&I’s new savings bond face being hit with a tax trap owing to a quirk of how the bonds work.

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NS&I British Savings Bonds now on sale – is it worth investing?

Despite offering inflation-beating rates, savers can find better deals elsewhere

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Premium Bonds mystery as £125 winnings don t arrive in bank account - NS&I explains | Personal Finance | Finance

They previously topped up their Bonds to the maximum £50,000 giving them the best chance of winning a prize.

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Tax trap on new NS&I British Savings Bonds when you pay in just £7,700

Savers who put £7,705 into NS&I s new British Savings Bonds could be landed with a tax bill in three years time, due to how they are structured.

United kingdomBritish savings bondsGuaranteed growth bondsGuaranteed growth bondGuaranteed income bondHampshire trust

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