AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Interest will be paid gross to eligible non-taxpayers who register with us. Otherwise it will be paid net of income tax at the prescribed rate. Rates may vary and are correct at 1st September 2004.
Net is the gross rate after allowing for deduction of basic rate income tax
Santander Portfolio Management UK Limited is a wholly owned subsidiary of Santander Asset Management UK Holdings Limited.
Registered in England No.3839455 at: Abbey National House, 2 Triton Square, Regent 's Place,
London, NW1 3AN, United Kingdom. Telephone 0845 60 55 600 calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority for the provision of investment management services.
Abbey National plc advises on mortgages, a limited range of life assurance, pension and collective investment scheme products and
acts as an insurance intermediary for general insurance.