News

4 May 2010 - 6 Month Fixed rate Bond offering Monthly Income option launched

  • New six month sterling bond
  • Monthly interest available
  • 2.26% AER or 2.17% AER monthly returns

Skipton International Limited is offering a six month bond paying 2.26%AER or 2.17% AER as a monthly income option. 

The bond matures on 30 November 2010 and it is a limited edition issue which will be withdrawn when fully subscribed, so savers are advised to move quickly. The minimum deposit is £10,000, whilst the maximum is £5m. No withdrawals are allowed during the fixed rate term

Jim Coupe, commercial director, Skipton International Limited comments, "In response to client demand, we are pleased to be offering this competitive fixed rate bond.  With the backing of our parent, Skipton Building Society, the fourth largest in the UK, this account provides both safety and security, giving savers a known return over the next six months, whatever happens in the markets."

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European Union Savings Tax Directive
Information for all EU Residents (including the UK)

This communication outlines the changes implemented, by the Government of Guernsey, on 1 January 2011, to the EU Savings Tax Directive ("The Directive").

Automatic Exchange of Information

If you are resident in the EU (including the UK) gross interest will be paid to you and be subject to an automatic exchange of information with The Guernsey Income Tax Authority.  This report will detail your full name, postal address, account number/s,  date of birth, place of birth, tax identification number (if known) and the amount of interest added to your account/s.  Thereafter this will be forwarded to the tax authorities in your country of residence.

If you are deemed to be "non-domiciled" for tax purposes in your country of residence, we may be able to pay you gross interest without the need to submit an exchange of information report.  To arrange this we require confirmation of your tax status, e.g.  a letter issued by the tax authorities in your country of residence or accountants.

Non EU residents will continue to receive gross interest and it remains the responsibility of individual investors to disclose the interest earned on their accounts to the relevant tax authorities.

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