|Cubefunder 1 Year 5.5% Bond||Not held in IFISA||Held in IFISA|
|Higher rate tax payer||Basic rate tax payer||Basic rate tax payer|
|Interest rate||5.5% p.a.||5.5% p.a.||5.5% p.a.|
|Tax rate payable on interest||40%||20%||N/A|
|Gross interest earned||£550||£550||£550|
|Net interest earned||£330||£440||£550|
|Total capital and interest received by the end of term||£10,330||£10,440||£10,550|
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.