Tax cuts for savers

lukekelly_2

People have spent years carefully managing money so they can use the Interest to supplement regular income, not to chip away at the capital lump until it whittles down to nowt.

Have you read this article of Martin's? Spending your interest at a time of inflation (the entire last 50 years) does `chip away' at the capital sum. You just don't realise it.

CHR15

I can quite believe it, it does make complete sense, but all I know is, there seems to be more money going out of my account now than there has been for some time.

baby_boomer

lukekelly wrote: »

Spending your interest at a time of inflation (the entire last 50 years) does `chip away' at the capital sum. You just don't realise it.

Pensioners do realise that they get poorer and poorer, further into retirement.