Boogles Bonds Summary
Account Name: Boogles Bonds
Interest Rates: 5% pa, payable quarterly [Mar, Jun, Sep, Dec] is automatically reinvested to buy more bonds.
Tax Status: Payable Gross. Holders are responsible for delcaring their own tax.
Withdrawal: No notice, no penalty
Access: Apply by post, cash in by post
Who can invest? Anyone aged 16 or over (individuals) or companies.
Minimum investment £50
Maximum investment £100,000
Investment term No set term, although funds need to be held for 1 full calendar month, to be eligible for interest during that month.
Best Way to invest Either in a lump sum of £50. Or monthly, by direct debit (£50 minimum) per month, taken on the 1st of the month by direct debit.
IS IT RIGHT FOR YOU ?
A Boogles Bond may be right if you:
· have £50 or more to invest
· are able to invest for at least 3 months
· are looking for guaranteed returns
· are concerned about inflation eroding the value of your savings
It may not be right if you:
· want a regular income from your savings (interest in automatically reinvested into more bonds)
· want a risk-free saving
Still not sure?
· You may want to consult an independent financial advisor (IFA)
Right for you?
Find out more about our Boogles Bonds, including who can invest, investment limits and interest rates…
Ready to invest?
Find out what information you need to have to hand and what to do next.
Not right for you?
Our savings club – which pays out a lump sum to you at the end of the term.
How they work
Investors have a choice of either buying £50 minimum bonds in one investment, or they can buy the bonds over time, (minimum £50) per month.
Find out more about:
When do the Bonds start to count?
about the interest?
What about tax?
Keeping track of your Bonds
Cheque and debit card and clearance
Your right to cancel
Any individuals aged 16 or over can invest in Boogles Bonds. Bonds can also be bought by limited companies / businesses.
The minimum for each investment is £50. Each bond is £50. Each investment must be in whole pounds.
You can invest a maximum of £100,000.
When do the bonds start to count?
Bonds held on the 1st of the month become eligible for interest. For example, if you buy by post, and your payment reaches us by the 1st May, you bond will be eligible for interest in the month of May. If your bonds are on direct debit, it’ll count from the first 1st of the month that they start.
Interest is applied to your bond honding quarterly. We roll the amount over each time, and the aggregate amount continues to earn interest until you decide to cash it in.
What about tax?
Interest is payable gross. You are responsible for paying any tax due.
We send you a statement each month if you are on our direct debit. If not, and it’s just a one-off purchase of bonds, we send you a certificate for your records.
Setting up a monthly direct debit is the easiest way to build up your investment. Once you’ve made your first investment and received your bond holder's number or if you already hold Boogles Bonds, you can download a direct debit form.
You can cash in all or part of your Boogles Bonds at any time.
Cheque and debit card and clearance
If you buy your Boogles Bonds by cheque or debit card we’ll bank your cheque or start processing your debit card payment as soon as we receive it. So please make sure you have enough money in your account when you apply to invest.
Bonds can only be cashed in after your payment has cleared. Your payment will be cleared on the seventh working day after you bought them. This excludes weekends and English bank holidays. For example, if we receive your cheque or debit card details on a Monday, your payment will be cleared on Tuesday the following week. Allow one additional day for each English bank holiday.
If you invest in Boogles Bonds but then decide they don’t suit your needs, let us know in writing* or call us within 14 days of receiving your Bond certificate or statement. We’ll then refund your money in full.
* By post to Boogles Bookkeeping Ltd (Bonds), 23-28 Penn Street, London N1 5DL; by fax on 08712 449 500; or by email to email@example.com
What happens after you apply?
We will send you an email confirming that we’ve received your application.
If this is your first investment in Boogles Bonds
We may also ask for proof of identity and address.
If you already have Boogles Bonds
We will add to your existing holding.
Before we can process your application
If we ask you to sign a form or send us some documents, we need to receive them from you within 21 days of the date you applied. So please make sure you reply in good time.
What happens next
The steps are slightly different depending on whether this is your first application or whether you are adding to your holding:
1. This is your first investment in Boogles Bonds
2. You already hold Boogles Bonds and you registered by completing a form and posting it to us
This is your first investment in Boogles Bonds
1. We’ll post you a Bond record to confirm your investment and your Boogles Bond Number. In the meantime you can still deal with us by post if you want to buy more Bonds or cash any in.
You already hold Boogles Bonds and you registered by completing a form and posting it to us
1. We’ll post you separate confirmation of your NS&I number.
What’s a Boogles BondHolder (BBH) number?
Your BBH number is your unique identification number as a BondHolder of Boogles. You’ll need it when managing your investments with Boogles. When you receive confirmation of your BBH number, please keep it in a safe place. You’ll need to quote it whenever you contact us.
Your right to cancel
If you invest in Boogles Bonds but then decide they don’t suit your needs, let us know in writing* or call us within 14 days of receiving your Bond record or confirming your investment. We’ll then refund your money in full.
* By post to Boogles Bookkeeping Ltd, Bondholders, 23-28 Penn Street, Hoxton, London N1 5DL; by fax on 08712 449 500; or by email to firstname.lastname@example.org
MANAGING YOUR BONDS
Managing your Bonds by post
You can buy Bonds by post and manage them by post.
· buy or cash in Premium Bonds
· keep track of your Bonds and prizes
details including address and nominated bank account (which must be a bank
account held in your name)
What you can do online and by phone
· You can update your details, but we always need instructions in writing.
Managing Bonds under a Power of Attorney
As a Power of Attorney or Receiver responsible for someone else’s Bonds you can:
· buy more Bonds, providing you have authority to use a debit card in the holder’s name
· cash in Bonds
· keep track of the Bonds
You can cash in all or part of your Bonds at any time. You can do this either online or by phone (but we’ll still ask you to put this in writing) or by post – see below for details.
Cashing in by post
A letter stating: The amount of bonds to cash in. Please quote your bondholder number. We’ll send you a cheque by post, or you can choose to be paid directly to your bank account (we recommend this method as it is more secure) or by warrant (like a cheque). If you have a direct debit set up with us, we can automatically pay the money to your nominated bank account on our records. If you wish us to pay into a different account, then the account must be held in your name. We’ll issue your payment within eight working days of receiving your request.
To repay a deceased holder's Bonds you need to contact us.