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MSE News: More savers to get Pensioner Bonds, as the scheme is extended
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Former_MSE_Paloma
Posts: 531 Forumite
Every saver aged 65 and over will have until 15 May 2015 to deposit money into market-leading Pensioner Bonds ...
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More savers to get Pensioner Bonds, as the scheme is extended
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More savers to get Pensioner Bonds, as the scheme is extended
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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More tax payers dollars subsidising relatively wealthy pensioners as a pre election bribe.
Interesting that even the BBC describes the criticism but not MSE. A lobby group in the article says "Borrowing more expensively than the government needs to is effectively a direct subsidy to wealthy pensioners from the working-age population. Pensioner bonds have never been anything other than a gimmick that will benefit pensioners at the expense of the taxpayer". Now MSE doesn't need to explain criticism, just facts, except that the article gives some nice airtime to Gideon to say how wonderful he is being. I count on MSE for facts and balanced views, and either the criticism should be incorporated or George's section removed.0 -
Fact is that he is not called Gideon.
Rewarding savers appears to be a better strategy than the one forced upon us to reward those in debt because of the banking crisis which has brought lending levels down to record lows.
Pensioners vote; we have Russell Brand and his publicity through the BBC, to thank for telling youngsters not to.0 -
Fact is that he is not called Gideon.
He was originally named Gideon Oliver Osborne but changed it to George Gideon Oliver Osborne when he was 13 years old.... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0 -
TheTracker wrote: »More tax payers dollars subsidising relatively wealthy pensioners as a pre election bribe.
£10k is "relatively wealthy"? Come off it.Free the dunston one next time too.0 -
TheTracker wrote: »Now MSE doesn't need to explain criticism, just facts, .
Two more facts:
1) They are not "pensioner bonds", but over 65 bonds.
2) The minimum investment per bond is £500. Is it fair to call someone with £500 "rich" ?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
£10k is "relatively wealthy"? Come off it.
It would be a very weird society in which people were 'wealthy' at a young age, and became relatively poorer over time.
As a general rule, therefore, most people are going to become more and more wealthy over their working lives. Anyone reaching the age of 65 not having accumulated >£10K in savings would indeed be poor. But having £10K doesn't make them 'rich' either.
Getting an extra 1.2% on £10K for a year is worth <£100 after tax. An exta 2% on £10K for 3 years is worth <£500 over 3 years after tax. This is all very welcome to people like me, but quite frankly will not change my life.0 -
"TheTracker"
Granted thats your opinion, relatively wealthy Pensioners! maybe or not, they have saved or otherwise put together the money, so why not reward them for it, they get little else.0 -
sparky6840 wrote: »"TheTracker"
Granted thats your opinion, relatively wealthy Pensioners! maybe or not, they have saved or otherwise put together the money, so why not reward them for it, they get little else.
ONS information here table 2.140 -
It's not for the government to 'reward' savers by borrowing from them at inflated prices - it's an OAP bribe, plain and simple.Rewarding savers appears to be a better strategy than the one forced upon us to reward those in debt because of the banking crisis which has brought lending levels down to record lows.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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