From: mrfredbloggs@altavista.co.uk (Fred Bloggs)
Newsgroups: uk.finance
Subject: Re: NS&I GEB Issue 9
Date: 17 Sep 2004 05:48:53 -0700

john boyle  wrote in message news:<6genZ00YbeSBFwrQ@johnboyle1.demon.co.uk>...
> In message , Daytona 
>  writes
> 
> >The certainly beat the hell out of the average life assurers offering.
> 
> But unlike life assurance bonds, with their special tax treatment, the 
> NS 'Bonds' pay five years accumulated gross interest in one go into an 
> income taxable environment and could easily knock lower tax payers into 
> higher bands

Don't you just pay the extra tax on the amount in the higher band
though? If you were £4000 below a limit and you were pushed £1000
above it, wouldn't you pay the higher rate of tax on just that £1000?

> and pensioners into losing/reducing their age allowances. 
> Also Life Bonds are disregarded as assets when assessing care home fee 
> assistance

I'm not that old! Cheeky young whippersnapper!