The Fixed Income Pensioner Bonds are a unique investment opportunity offered exclusively to investors who are aged 55+ who are looking to generate a return that is paid directly into their bank accounts, subject to the risks of the bond. Pensioner Bonds are offered for an initial fixed term of one year that can be renewed up to a maximum term of five years. Investors can choose between the Monthly Income Pensioner Bond that pays 4.24% p.a. in equal monthly payments directly to their bank account OR the compounding Pensioner Bond that pays 4.32% Annualised Average Return (AAR) once a year. Interest rates are fixed at the applicable rate and will remain so until the end of the bond term.
Interest Shield – The interest rate of our Pensioner Bonds 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. Find out more about this bond's “High Water Mark” feature today.
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.
Fixed Income Pensioner Bonds were designed by Basset & Gold to be a simple and straightforward investment for investors aged 55+. Bondholders lend the company money in return for a fixed rate of interest that remains the same throughout the term of the bond: 4.24% p.a. for the Pensioner Bond that pays monthly, and 4.32% AAR for the Pensioner Bond that pays annually.
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.
Attractive Interest Rates – The Fixed Income Pensioner Bonds are offered in two payment terms: monthly interest payments at 4.24% p.a. and annual interest at 4.32% AAR.
Interest Payments – Interest is paid either monthly or annually, depending on the bond selected. The interest rate will remain the same for the duration of the initial period AND for all subsequent extensions.
Terminal Illness Clause – In the unfortunate event that you are terminally ill, you are able to redeem your investment before the end of the term with 90-days' notice without any fees or charges.
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 – As the bonds are non-transferable, 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 rate of 4.24% p.a. (monthly payments) and 4.32% AAR (annual payments)
- Minimum investment is £1,000
- Maximum investment 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 payments – 12 per annum OR 1 per annum.
- Can be extended up to 5 years at the same interest rate