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Author Topic: Good Energy Bonds II  (Read 149 times)
paul149
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« on: January 11, 2019, 07:39:00 PM »

Hi, I am wondering if anyone can shed any light on a query I have (can't get in touch with anyone 'official' til Monday now)
I have just recieved my 3rd Tax Voucher/Interest payment for the above formentioned Bonds, If any members here have these bonds ( And I do believe there maybe) and have just recieved their notification can you please explain something if possible.
The stated interest rate is 4.75% ( +0.25% for Good Energy Customers Payable on maturity) but on the Tax Notification has shown a payment ( for the period 30 June 2018 - 29 Dec 2018) calculated at 2.3815%. Why/How is this?

Paul M.


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« Last Edit: January 11, 2019, 07:50:19 PM by paul149 » Logged

3.5 kWp (14 x Sanyo H250E01 + SB3000TL) 225' (SW) at 35' Pitch Lat 51.30' (Bristol) Installed cost 2.63/Wp (Nov 2011) now with solarimmersion and 250L unvented dhw (Almost Zero gas input for DHW from Apr to mid Sep)
RIT
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« Reply #1 on: January 11, 2019, 08:55:42 PM »

It's just the daft way they have reported. The bond is paid twice a year and I would expect calculated based on the number of days since the last payment date. So you have received 183 days of interest or (4.75 / 365) * 183 which is 2.3815.
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2.4kW PV system, output can be seen at  - https://pvoutput.org/list.jsp?userid=49083

Why bother? - well, there is no planet B
paul149
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« Reply #2 on: January 12, 2019, 11:15:53 AM »

Riiiiiiight. Thanks for that. Just been checking it over and yes you're right, bit of a weird way of showing it but all pans out at the end of the year, less the Tax of course Grrrrrrrrr!
Paul m.
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3.5 kWp (14 x Sanyo H250E01 + SB3000TL) 225' (SW) at 35' Pitch Lat 51.30' (Bristol) Installed cost 2.63/Wp (Nov 2011) now with solarimmersion and 250L unvented dhw (Almost Zero gas input for DHW from Apr to mid Sep)
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