The interest you receive on your corporate bond – technically known as the ‘coupon’ – is liable to income tax at your marginal rate. basic rate tax is deducted at source, so basic rate taxpayers need do nothing more. Higher and highest rate taxpayers must declare this income as part of their annual self assessment tax return. Non taxpayers, on the other hand, can claim that tax paid back.
High yield, or non-investment grade corporate bonds carry a higher risk and their suitability as an investment are subject to your own circumstances and attitude to risk.
Past performance is no guide to the future. The value of investments can go down as well as up and you may get back less than you invested.
When investing internationally changes in currency exchange rates may affect the value of an investment. Smaller companies and emerging markets carry higher level of risk than larger, more established companies and markets. Consequently, the suitability of any particular stock market investment depends on your personal circumstances and your attitude to risk.
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© 2023 A&J WEALTH MANAGEMENT LTD A&J Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register, no 428590, at www.fca.org.uk/register Registered in England, Company no: 5105933. Registered Head Office: Sawfords, Bigfrith Lane, Cookham Dean, Maidenhead, Berkshire SL6 9PH