****ing Interest Rates

[JamesAC]

I retired at the end of August, when interest rates were moderately reasonable. However, because my late employer's HR department was completely useless, and didn't notify the pensions people and so on, I didn't get my Lump Sum until October - by which time the interest rate had begun to plummet. Nevertheless, I did manage to put some money into a fixed term bond earning a few percent per month (which gets taxed, of course) to top up my meagre pension. What I'm dreading is next year, when my bond thing expires. If interest rates stay down, then I'll have to go back to work!!!

 

[beanzontoast]

Work is good for you. You clearly have many good years of gainful effort to offer to the country, so never mind watering the roses - get on your bike and find a job or three!

(On a serious note - I've worked out, based on the spectacular nosedive one of our 'retirement' bonds took this year, that I'm sure as eggs is eggs going to be working to 65 or beyond. Can't see me affording early retirement any way at all.

 

[bobg]

Make sure you max out on ISA's for every family member you can and save yourself some tax.




Off to get a paper round.....

 

[beanzontoast]

Make sure you max out on ISA's for every family member you can and save yourself some tax.




Off to get a paper round.....

Discovered ISA's a couple of years back - we've got a couple running. Waiting to see what happens at maturity.