terminal7 wrote:effectively providing 25% annual interest on an initial £2,880 investment.
Actually, the above is not really making your money work that hard.
You can pay in a monthly £240 and withdraw a monthly £360 (ignoring the initial delay of the tax recovery). This gives your £240 a monthly return of 25%, or annual return of 300%
It's also a much better cashflow solution for those who want the rest of their cash to be working elsewhere.
(OK, fees and transaction delays, tax recovery delays etc. make the headline 25% per month untrue, but it's a pleasant thought, and if carried on over multiple years gets close! Alternatively, also assumes you are piggybacking on an existing SIPP, so the minimum investment is already in place, and the fees already covered)