We pay 5% interest to all our members. For the last two years this has totalled £34,000 each year to all our members; for the year 2016/17 we expect interest payments to be around £46,000.
Our interest rate compares favourably to the Bank of England Base rate that has been at 0.5% or below for the past five years or more.
As well as interest, each year we pay out 5% of members capital on a first-come-first-served basis. Earlier withdrawal is possible subject to funds being available. This will depend on demand at the time but to date all requests from investors for return of their funds have been met.
Investments in BEC are also exempt from Inheritance Tax (IHT), falling under an IHT exemption called ‘Business Relief‘ (basically all shares not traded on stock exchanges and that don’t do certain trades).
So if you own shares in Brighton Energy Coop, Business Relief means your shares are not included in calculations determining the value of your estate, and hence not liable for IHT.