A question about National Savings and Investments Guaranteed Equity Bond
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With this bond, your money is locked into the investment for 5 years. At maturity, the interest (if any) is liable to tax. If the investor happens to be a non-tax payer when the gross interest is paid, does this mean that no tax needs to be paid on the gross? Or is the tax calculated depending on the investor's tax status, either a tax payer or non-tax payer, for the 5 year period?And, what is likely to happen to the FTSE in the next 5 years?