King of Shaves Shaving Bond – Worth the Risk?
There has been plenty of publicity over the King of Shaves ‘shaving bond’ over the past few weeks. But is it really worth investing in?
The shaving bond offers 6% interest with a ‘shave and save’ scheme in the form of a ‘Shaving Bond’. This is actually a form of corporate bond and if you choose to give the company money, you are actually investing in the King of Shaves company. Interest of 3% will be paid every 6 months and you will need to declare this interest to the taxman. The small print also states that anyone buying into the bond will not be able to release the bond until the three years are up, or ‘to obtain reliable information about the risks to which they are exposed.’
