Cash, Money Markets & Foreign Exchange

Question 1

Main risks of cash

Answer 1

-Inflation
-Default
-Interest rate
-Currency
-Reinvestment

Question 2

Taxation of cash

Answer 2

-Interest paid gross
-PSA - 0% IT charged

Question 3

What are the min/max contribution limits for premium bonds, certificates and children’s bonds?

Answer 3

Premium bonds: No min, £50k max
Certificates: £100 min, £15k max per issue
Children’s bond: £25 min, £3k max per issue