Nvesta is giving investors another opportunity to buy into its CGTable Safety Net Income Plan with a further tranche due to be launched in the next few days.
The product had not been hedged as SRP went to press, and rates are not yet available.
Director Anthony Green said he was encouraged to launch another by the fact that those investors who understood what the product is trying to do, and particularly those who had CGT losses to offset, had invested in sizeable chunks. “We had several investments over £200,000,” he said.
The last Safety Net is an MTN-based plan paying 5% pa in a tax structure that attracts very little tax on income and a CGT-able sum at maturity. Capital return at maturity is 100%, unless the index falls by more than 50% and fails to recover, when a one for one downside is triggered. The plan is split into two parts, one of which provides annual income payments of 5% net of basic rate tax, whilst the other secures capital.
This product will be available shortly in Recent Additions.
