RAOC Gazette - page 34
Image details
| Corps | RAOC |
|---|---|
| Material type | Journals |
| Book page | |
| Chapter head | |
| Chapter key | |
| Chapter number | |
| Full title | RAOC Gazette |
| Page number | |
| Publication date | 1981 |
| Real page | |
| Colour | No |
| Grey | No |
| Early date | 1981 |
| Late date | 1981 |
| Transcription |
T H E A S S O C I A T I O N O F SERVICE NEWSPAPERS ADVERTISEMENT PAGES, PO B O X 4. F A R N B O R O U G H , H A M P S H I R E , G U U 7Lft, TEL 0251 51 SOT I can save to £50 month Inflation lax-free! ft Here is a further opportunity for any serviceman who wants to protect his regular savings from inflation. With the S.A.Y.E, scheme, you can invest anything from £4 to a new limit of £50 a month, with all the benefits of index-linking, and a return that's free of tax. If you're already using S AYE. and you want to increase your investment you can do so by opening an additional contract, as long as your monthly total does not exceed £50. How the inflation-proofing works S. AYE, is a scheme that provides for 60 monthly contributions over five years. Contributions are linked to the Retail Prices Index GRPD - a measure of the cost of living - thus inflation-proofing your savings. At the end of five years, each monthly contribution is revalued in line with any change in the KPI. Then there are two things you can do: you can draw the whole lot out; or you can leave your savings in the scheme for two more years, without making any more contributions. If you leave your savings in, the index-linking is extended to the end of the seventh year, and you then get a bonus equivalent to two months' contri- butions. The index-linking is guaranteed, whateverhappens to interestrates elsewhere. How to get your money out Although your contract is for five years, it can be terminated earlier-but you lose your index-linking, If you have been in the scheme for less than a year, you will get only your contributio ns back. Over that (but under five years), 6% a year tax-free interest will be added. Tax-free All repayments, including index- linked increases, are free of UK income tax and capital gains tax, How to start There are four ways to pay; by bank standing order, cash over the post office counters, National Girobank standing order or a payroll deduction scheme. Ask at the Pay Office for details or get a leaflet from a post office. National Savings Printed in Great Britain SUPPLEMENT No. 1 — PAGE THREE |
| Book number | R0250a |