Terms & Conditions

[andyrichards]

Due in July, I believe.

They do not appear to have turned up in a circular yet. Any ideas?

[Anonymous]

Bit optimistic aren’t you? It’s only September, after all…or you could give this a try:

http://www.nsandi.com/products/ilsc/calculator.jsp

[Darren Broughton]

G9/2006 informs that we are not going to be issued with an update this year. You need to contact the National Savings Certificate Customer Management Unit to get a valuation.

Or use the above link – you can also download a spreadsheet calculator from this website. Wonder why the DWP didn’t tell us about this?

[Darren Broughton]

Actually, looking at this, would we be able to use this? It only gives an estimated value for October 2006.

[Anonymous]

The values in the DWP Circulars have only ever given an estimated value, and there is always a ‘disclaimer’ paragraph at the beginning of the circ. For example, from last year:

“The values provided are to be used as a guide only. If a more accurate valuation is required please contact National Savings and Investments…”

[andyrichards]

Thanks for all the info. I must remember to read my G bulletins more carefully!

[Darren Broughton]

I’m assuming that we’re going to apply the uprated values from the monday after 1 July as in previous years. We also used the date that the circular was issued as the receipt date of notification of change. What date do we use this year? I can feel an email to the DWP coming on…

[Anonymous]

Having just tried that website I posted above, I would advise you against using it…I put in some certificates for valuation and it gave me a value considerably lower than the July 2005 value from the DWP circular

[Darren Broughton]

Isn’t the calculator just for Index Linked Certificates? I think we’d already decided to advise assessors to contact NS&I in all instances anyway.

[Anonymous]

Exactly what we’ve done here

[Author]

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