Monthly income from ISAs?

[gareth h]

I’m trying to avoid drifting into higher rate tax, so am looking to supplement income from cash ISAs, I’ve been pointed in the direction of a plan that guarantees capital and pays 0.5% a month, but only if 2 stock indices are above 90% of the start date, which it may or may not be.
Any guidance on the best options?
TIA

[butchstewie]

Sounds like a structured product?

Respectfully I think you might need to give a little more info than that for anyone to offer much

[gareth h]

butchstewie said:

Sounds like a structured product?

Respectfully I think you might need to give a little more info than that for anyone to offer much

This was the scheme that I was pointed to.

[Panamax]

Bear in mind that "guaranteed capital" isn't a magic answer when inflation is gnawing away at 3% p.a.

Personally, I would keep things simple.

[gareth h]

Panamax said:

Bear in mind that "guaranteed capital" isn't a magic answer when inflation is gnawing away at 3% p.a.

Personally, I would keep things simple.

Yep, initially it was explained to me as a 5 year ISA paying 0.5% / month, which sounded like a reasonable deal (I’ve got investments and pensions tied up in funds so wanted to keep the ISAs in cash)
However, the terms don’t really make it terribly attractive.