The Dozens Savings Plc listed 5% p.a. Fixed Interest Bonds are Back!

I am sure it is taxable … all interest is taxable however there is a cumulative tax allowance of £500 for higher taxpayers £1000 for basic rate and zero for additional rate tax payers.

I am not a tax advisor … check out moneysavingsexpert - personal savings allowance

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congratulations on your success :slight_smile:

In answer to your question on tax, knowing what tax each person is liable for is incredibly complex and personal.

Here, however, is an extract from Section 3 (Interest & Fees) of the terms of the bonds that may help (and are related to the information shared by @Wickster as well)


Interest payments are made gross of tax. For Dozens bonds that you do not hold through an ISA, you will be responsible for paying any tax due on the interest earned.

Basic rate tax payers are generally able to benefit from £1,000 of tax-free income from savings (such as Dozens bonds), and higher rate tax payers can earn up to £500 of interest without paying tax. There is no allowance in the additional rate (45%) tax bracket. Otherwise please note that interest from the Dozens bonds is treated as (and therefore taxed as) income at your normal tax rates depending on your annual income level.

Any tax-free allowances must take into account all interest you earn across any financial products, not just Dozens bonds. Please note that we cannot give you financial or tax advice, and we are required to tell you by law that tax treatment (including ISA tax treatment) depends on your individual circumstances which could change in the future if your circumstances change.

There are no fee deductions from the 5% per year fixed interest rate

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Thank you @robert , @Wickster

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13 posts were merged into an existing topic: Incorrect Bid Amount in the Dozens Bonds Email

@robert Have we had the breakdown of the last bond issuance?
Thanks.

Today - just done!

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OK, great!

Funny that the highest accepted and median have how been the same since start of the year, as well as the total amount bid.

I wonder how many bids of £1000 are beyond the cutoff too…

I bid £1000 and it was rejected. I can’t remember if I was a day late though but it was no later than that.

What I find baffling is there are still people (or maybe just one person) who bid in the region £10k to £20k on £100k issuances. Presumably they’re not aware of the historical data.

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I’ve thought the same, maybe it is worth including a link to the historical data in the bid rejection email?

When you attempt to bid for a bond via an ISA there really should be more clarity about which tax year the purchase would relate to. Because I’ve checked via support, I know the relevant date is the date the bonds are issued. But given the lack of information in the app I don’t think it would be unreasonable for people to make an assumption that the bid date is the relevant date

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Will there be any bidding in May?

Haven’t seen anything in the app or community about next issuance.

Yes, there will. This is an odd month as the first fell on a weekend and there’s a back holiday Monday as well.

Bidding will start tomorrow and run until the 24th

I’ll update the stats for the past issuance tomorrow as well

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