P634 ORACLE 634 Sat25 Apr C4 2101:11  1/5  Time to top up with  National Savings...  When building society chiefs start complaining publicly that Government interest rates are tempting people away from the building societies, it's time to take notice. National Savings is to be given a leading role in funding the Government's £28 billion PSBR (Public Sector Borrowing Requirement). Its interest rates will have to be kept high to attract savers' money. This is excellent news for people with savings. more > Your Money guide 630 Tax Rates 635 WANT TO KNOW YOUR FUTURE? p197 ITV Your Tax Letters Trusts/Pensions City
P634 ORACLE 634 Sat25 Apr C4 2100:11  2/5  Time to top up with  National Savings...  National Savings is already giving building societies a run for their money. As page 638 shows the flagship 36th issue National Savings certificates pays 8.5% tax free. With inflation at 4% that's a real return of 4.5%. A higher-rate taxpayer would have to earn 14.1% gross in a building society to match this, and a basic-rate taxpayer 11.3%. At these rates, higher-rate taxpayers are virtually obliged to siphon as much as they can into National Savings. more > Your Money guide 630 Tax Rates 635 Your Tax Letters Trusts/Pensions City
P634 ORACLE 634 Sat25 Apr C4 2100:00  3/5  Time to top up with  National Savings...  It's well known that National Savings use its interest rates to attract or repel money. When the Government wanted to repay debt in the late 1980's NS interest rates became the talk of the town for being wildly uncompetitive. Savers voted with their feet and in 1989-90 there was a net outflow of £1.7 billion. Now, thanks to ads with coupons placed in the press, TV advertising and a sharper range of products, money is flowing in fast. more > Your Money guide 630 Tax Rates 635 Your Tax Letters Trusts/Pensions City
P634 ORACLE 634 Sat25 Apr C4 2103:11  4/5  Time to top up with  National Savings...  NS capital funds, paying a guaranteed 11.5% gross after five years, and its income bonds paxing 10.25% gross, have building societies seriously worried. They raise money from the savings market to finance the bulk of their mortgage lending. In the teeth of stiff competition from National Savings, they can only do this by keeping their savings rates high and hoping people don't cotton on to NS's unique tax-exempt guarantees. This severely limits their scope to cut mortgage rates and give the housing market the shove it badly needs. more > Your Money guide 630 Tax Rates 635 Your Tax Letters Trusts/Pensions City
P634 ORACLE 634 Sat25 Apr C4 2100:10  5/5  Time to top up with  National Savings...  More NS goodies are to come. Sometime soon, NS will double to £50,000 the amount of money that can be tucked into Income Bonds. The new National Savings Guaranteed Growth Bond, announced in the budget and due out this srllfr, really has building society bosses quaking in their boots. It will pay interest net of basic tax, the rate will be guaranteed for a year and investors will be able to withdaw funds without penalty after a year. The investment limit?A massive £250,000 Hard luck Halifax! more > Your Money guide 630 Tax Rates 635 Your Tax Letters Trusts/Pensions City