View more on these topics

HSBC Asset Management adds fixed income Isa to range

HSBC Asset Management has added a fixed income Isas to its range of IFA savings products.


The Fixed Income Isa offers a fixed tax free income of 7.25 per cent for five years. Both maxi and mini options are available and investors can choose to be paid quarterly, annually or for it to be rolled up.


Initial commission will be 3 per cent.


Deputy managing director business development Robin Minter Kemp says: “Investors are latching on to fixed income as interest rates continue to slide. Based on our previous experience with our popular fixed income Peps, we expect demand to be high.”

Recommended

The Benefits of a Late retirement

If you are not actually retiring, the first question is, does that mean you are not going to draw any benefits?As your wife&#39s salary is currently £40,000 a year, any pension benefit taken will be taxed at 40 per cent. Even the tax-free cash sum could end up being taxed unless you can find enough […]

Disposable income to hit all time high

Disposable income is set to hit an all time high according to research by mortgage specialist Savills Private Finance.Lower interest rates means mortgage payments have fallen to 16 per cent of the average household&#39s disposable income compared to 45 per cent in 1989. With further rate cuts expected Savills predict this could fall to an […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment