Annual bonus rates
| Product | Tables | 2016 – 2018 |
2019 |
2020* |
|---|---|---|---|---|
| Tax Exempt Savings Plans | 8, 10, 11, 21, 22 | 1.20% | 0.80% | 0.80% |
| Standard Savings Plans | 12, 14, 15, 16 | 1.00% | 0.64% | 0.64% |
| Lump Sum ISA / Monthly ISAs (prior to 01/01/2016) | 24, 25, 28 | 1.50% | 1.00% | 1.00% |
| Monthly ISAs (from 01/01/2016 to 05/04/2020) ** | 29,30 | 2.50% | 2.00% | 1.00% |
| Monthly ISAs (from 06/04/2020) ** | 32,33 | – | – | 1.00% |
| Lifetime ISA (after initial guarantee period) | 31 | – | 1.00% | 1.00% |
| With Profit Bonds & Flexible Savings Plans | 19,26,27 | 1.20% | 0.80% | 0.80% |
| Fully Paid Tax Exempt Savings Plan | 11 | 1.50% | 1.00% | 1.00% |
| Fully Paid Standard Savings Plan | 12 | 1.20% | 0.80% | 0.80% |
* Annual Bonus rates for 2020 will not be decided until the end of the year. For policies maturing or surrendering in 2020 we currently allow for annual bonuses at an interim rate as shown above (paid pro-rata, depending on the maturity or surrender date).** For Tables 29 and 30 outside of their guaranteed bonus period, bonus rates apply for a tax year. The variable bonus rate from 06/04/2019 to 23/03/2020 is 2%. From 24/03/2020 the interim rate is currently 1.0% as indicated in the table above. Please note that Final Bonuses do not apply to Tables 29 and 30.
|
||||
Final bonus rates
With-Profit and ISA Bonds
| Final Bonuses as at 24 March 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Last Anniversary Date | 2019 Q2 |
2019 Q3 |
2019 Q4 |
2020 Q1 |
2020 Q2 |
||||
| 5 Year | 11% | 9% | 7% | 6% | 5% | ||||
| 10 Year | 35% | 33% | 31% | 30% | 28% | ||||
| 15 Year | 59% | 57% | 55% | 53% | 50% | ||||
| 20 Year | 73% | 71% | 70% | 68% | 66% | ||||
Regular Premium ISA final bonus is for completed tax years (currently based on 2020 Q2 anniversary).
Flexible Savings Plan final bonus is for completed calendar years (currently based on 2020 Q1 anniversary).
Ten Year Savings Plan / Fixed Term Endowment
| Year of Maturity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Duration | 2016 | 2017 | 2018 | 2019 | 2020 | ||||
| 10 Years | 10% | 15% | 18% | 12% | 13% | ||||
The ten year savings plan has a maturity option at 10 years but can be left invested as a lump sum with a maturity option each year thereafter.