|Cubefunder 2 Year 6% Bond||Not held in IFISA||Held in IFISA|
|Higher rate tax payer||Basic rate tax payer||Basic rate tax payer|
|Interest rate||6% p.a.||6% p.a.||6% p.a.|
|Tax rate payable on interest||40%||20%||N/A|
|Gross interest earned||£600||£600||£600|
|Net interest earned||£360||£480||£600|
|Total capital and interest received by the end of term||£10,720||£10,960||£11,200|
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.