Originally posted by dinker
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Reply to: Cater allen now paying 0% interest
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Previously on "Cater allen now paying 0% interest"
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Chap across the road is a bricklayer by trade, not only has he had no work for a couple of months but his pension fund declined by 30% last year.
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Originally posted by zeitghost
Quantative Easing my arse...
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Originally posted by Gonzo View PostIt is the people that are retiring now with defined contribution pension schemes that I feel for. Look at the current annuity rates
http://www.annuity-bureau.co.uk/AF_C...rates_rpi.html
With figures like that it is impossible to look anyone in the eye and tell them that it is worth saving for a pension. They might as well not bother (unless the government changes the rules again on compulsory annuities, which I suppose is possible).
Thats the last resort of a Coffin Dodger .
Away with Pensions !
Let me Work - or Let me Die.
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Originally posted by Mich the Tester View PostFrightening to think that someone who's saved 1 million pounds and intends to use the interest as a pension is now living off 7500 pounds per year; you could now have the ridiculous situation of millionaires needing housing benefit and income support to get by. Alternatively, you get capital flight as people try to find another country where they can live from their savings. This is just creating a new economic cataclysm a few years down the road.
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Originally posted by Gonzo View PostIt is the people that are retiring now with defined contribution pension schemes that I feel for. Look at the current annuity rates
http://www.annuity-bureau.co.uk/AF_C...rates_rpi.html
With figures like that it is impossible to look anyone in the eye and tell them that it is worth saving for a pension. They might as well not bother (unless the government changes the rules again on compulsory annuities, which I suppose is possible).
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It is the people that are retiring now with defined contribution pension schemes that I feel for. Look at the current annuity rates
http://www.annuity-bureau.co.uk/AF_C...rates_rpi.html
With figures like that it is impossible to look anyone in the eye and tell them that it is worth saving for a pension. They might as well not bother (unless the government changes the rules again on compulsory annuities, which I suppose is possible).
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I'd draw it all out now if it weren't belonging to HMRC or on the other hand.... if I were SallyAnne
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The go out and spend it all. Or throw a big party and invite all of us!
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Originally posted by Bagpuss View PostThe reserve account is even worse, pays nothing up to a million
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Originally posted by Bagpuss View PostJust wanted to transfer some money form a notice account that has >20k but less than 50k. Advisor tells me there will be no penalty as the account is earning no interest
Thought I would check and she is right FFS
£ 500000 +
0.750
0.75
£ 100000 +
0.500
0.50
£ 50000 +
0.250
0.25
£ 10000 +
0.000
0.00
£ 5000 +
0.000
0.00
I'm so glad I'm paying for the flipless!
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Cater allen now paying 0% interest
Just wanted to transfer some money form a notice account that has >20k but less than 50k. Advisor tells me there will be no penalty as the account is earning no interest
Thought I would check and she is right FFS
£ 500000 +
0.750
0.75
£ 100000 +
0.500
0.50
£ 50000 +
0.250
0.25
£ 10000 +
0.000
0.00
£ 5000 +
0.000
0.00
I'm so glad I'm paying for the feckless!Tags: None
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