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The latter. If you cash it in you lose any benefit from ever having it.
Once you buy a CTD you're pretty much stuck with it.
I wasn't aware of that, and it's completely turned me away from the CTD route. I can't think of a single reason to take one out now, especially versus an offset.
I wasn't aware of that, and it's completely turned me away from the CTD route. I can't think of a single reason to take one out now, especially versus an offset.
Totally agree. I started talking about CTDs with Mrs Morlock a while back and she was having none of it. She was adamant that we keep full control of our own cash, even if it does cost us a percentage point or two in differential interest.
Totally agree. I started talking about CTDs with Mrs Morlock a while back and she was having none of it. She was adamant that we keep full control of our own cash, even if it does cost us a percentage point or two in differential interest.
The time to have taken out a CTD would have been long before BN66 came along, when HMRC interest rates were averaging around 7.5%. Getting one now is like shutting the stable door after the horse has long since bolted.
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