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 authorities.

Payments of interest to corporate investors will be made without deduction of tax.