|Berkeley Rutherford 6.75% Bond||Not held in IFISA||Held in IFISA|
|Higher rate tax payer||Basic rate tax payer||Basic rate tax payer|
|Interest rate||6.75% p.a.||6.75% p.a.||6.75% p.a.|
|Tax rate payable on interest||40%||20%||N/A|
|Gross interest earned||£675||£675||£675|
|Net interest earned||£405||£540||£675|
|Total capital and interest received by the end of term||£10,810||£11,080||£11,350|
|Rate of interest required to be paid if to achieve the same level of interest if bond held in the IFISA wrapper||8%||7%|
Sources: Investors should note that payments of interest are made after deduction of income tax at the basic rate (currently 20%), unless the bond is held in an IFISA. You should note that your capital is at risk and returns are not guaranteed.
The investments on this website are only available to investors who meet certain net worth or investment sophistication criteria.