Payments of interest to individual
investors will be made after deducting tax equivalent to the UK basic rate of
Income Tax (currently 20%) which we pay to HM Revenue & Customs. The
exception to this requirement is where interest is paid to investors who hold
bonds within an IFISA, in which case interest can be paid without deduction of
tax. However, it remains your responsibility to declare any interest paid and
account for any additional tax that may be due to the appropriate tax
Payments of interest to corporate
investors will be made without deduction of tax.
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