The 3-Year Basset & Gold IFISA Bond enables marketplace lending investments to be held in a tax-free wrapper, which means that our customers can enjoy our attractive returns completely free of tax.* You can invest some, or all, of your annual ISA allowance (£20,000 for the 2019/20 financial year) into the Basset & Gold IFISA Bond, and transfer existing ISA funds.
Interest Shield – The interest rate of our IFISAs tracks Bank of England interest rate increases, taking effect from the date of issue. The unique feature of this product is that it will not track Bank of England interest rate reductions. Where the Bank of England interest rate rises and falls, the Bond rate will reflect the highest increase since the date of the Bonds’ issuance. This is referred to as a “High Water Mark”.
*ISA rules apply. Tax treatment depends on individual circumstances and may be subject to change in the future. Please note: Ordinary Investors may only invest up to 10% of their net liquid assets in higher risk Unregulated Bonds such as those issued by Basset & Gold Plc. Your capital is at risk.
As with a cash or stocks and shares ISA, customers can invest their money completely free of tax. However, the Basset & Gold IFISA Bond gives our customers access to market-leading returns through our investments in marketplace lending. Best of all, as with all Basset & Gold products, there are no fees.
Tax-Free Returns – Invest your 2019/2020 ISA allowance by April 5, 2019 and enjoy more than 6% in annual tax-free profits.
Investment Amount – For this bond, the minimum investment is £1,000 and the maximum is £500,000. Please note: Ordinary Investors may only invest up to 10% of their net liquid assets in higher risk Unregulated Bonds such as those issued by Basset & Gold Plc. Your capital is at risk.
Interest Payment Options – Choose between a fixed tax-free monthly income (6.12% p.a. paid monthly) or our compounding IFISA Bond that pays 20.10% at maturity (6.70% Annualised Average Return (AAR).
Flexibility – Transfer existing ISA funds and boost your ISA returns even more with our market-leading returns.
Asset-Backed Investments – Loans are backed by assets, such as corporate debentures, property and other forms of security in order to protect our investments and your capital. The security held does not guarantee the return of your capital, it may take time to cash them in, and returns could be delayed.
Our Fees – We charge a fee to our borrowers, not investors. We do not charge investors any fees or add any charges. We charge a 20% fee to our borrowers which is paid to a third party connected company. This is disclosed in the Invitation Document to eligible investors, and highlighted in the application process.
Illiquid investment – Your capital is tied up for the full term of investment. Early redemption is not allowed except in the case of terminal illness or at the board’s discretion.
No secondary market – There is no secondary market for investors to sell their bonds.
Key entities – Basset & Gold is a trading name of B&G Finance Ltd and Basset & Gold Plc. Both companies form part of the Basset & Gold Group. Promotion of the bonds and arranging investment is through B&G Finance Ltd. and the bonds are issued by Basset & Gold Plc. Only B&G Finance is authorised and regulated by the Financial Conduct Authority ("FCA") in the UK as FRN 788684.
Your capital is at risk and Bond repayments are not guaranteed under the Financial Services Compensation Scheme. Investors are advised to note the Risk Warning below as well as to review the comprehensive risk and tax information within the bond Invitation Document available to eligible investors. If you are in doubt as to whether this investment is suitable for you, please consult an independent financial advisor.
- Fixed 3-year investment term
- Fixed tax-free monthly income – 6.12% p.a. paid monthly
- Compounding tax-free interest – 20.10% at maturity – 6.70% AAR
- Invest from as little as £1,000 up to £500,000. Please note: Ordinary Investors may only invest up to 10% of their net liquid assets in higher risk Unregulated Bonds such as those issued by Basset & Gold Plc. Your capital is at risk.
- There is no limit to how much of your annual ISA allowance you can invest in the IFISA Bond; you can invest up to £20,000 for the 2019/20 financial year
- Interest payments – 12 per annum