endowment value for standard life

de1amo

İ am leaning towards the sage experience and comments by george's friend who got no final bonus--how is best to surrender if the figures dont pan out--surrender to sl --let ifa help or go online to sell--any recommendations who or where is best??

EdInvestor

de1amo wrote: »

the minimum is 17973 with a max 18615

What do these figures refer to?

As already pointed out, you need to post the maturity forecasts ( usually quoted on the basis of 4%,6%,8%).Perhaps you will need to call them again.

de1amo

these figures for future forcasts arent reliable as i have come to realise over the years--its a pig in a poke--the value i go by is the surrender value or the max surrender value--i am trying to get a figure on what pc sl is offering this years with profits-they wont give punters that info and i am seeking underhand exploration!!-i cant see the figures they project because i never see yearly my statement --and they are just advisory--if you look back to glorious george 's friends policy recent experience of sl there was no terminal bonus and its becoming increasingly common in these uncertain days-the open market isnt buying these policies at a decent rate because they see no value in the completion-

EdInvestor

Of course they aren't reliable. Nobody has a crystal ball.But if you want to compare returns, they are all you have.We cannnot do a calculation without them.

If you want to try selling, you can get global quotes here:


https://www.apmm.org

I think you will find they want to know the projections.

de1amo

i can get 6,50 pc net on my savings where i live now--plus its easy to make returns of 10pc on larger amounts--i am no optimist about the uk future and this endowments return is telling me i made a wide decision sometime back to put my money elsewhere--the only risk i incurr here is the exchange fluctation but it modulates and i am in no hurry to move cash

de1amo

i have just done a quick sum based on my 6,50pc saving accnt--17973 x 6,50pc for 15 months is 1460 plus 15 x 40,60 my sl payments --609= 2069 almost guaranteed- against Sl advisory possible bonus which means nothing! -i can make 10pc with study on a bond or something like that here--mortgages and aprs are about 25pc in this neck of the world!-all my figures are after tax-

stevenatleven

Hi de1amo

I am in a similar position to you and I contacted
www.apmm.org and received lots of offers.Some
wanted to auction the policy and some offering up
to £500 over surrender value (on a £11000 value)
Still considering all the offers.

Incidentally where are you living that you can get
returns of 10% on larger amounts,might sell up and join
you!

Steve

de1amo

Hi steve-im in Turkey where the sun is shinning and life is cheap-lots of expats used to come here and live off savings interest because the rates used to be much higher.--when i first came here i got an exchange rate of 1gbp to 2,76tl---its down to 1gbp 2,4 turkish lira at the moment but it fluctuates--thats the main worry about bringing money here--i have seen rates as high as 17pc on savings when i first arrived but the whole world has 'shrunk' since then--the expats that have sold up and came here are feeling a big sick--they might have to work or go home!--they cant live off 6,50pc! you can get 10 pc on bonds of every type but with a bit more risk !--you now have to have a turkish tax number to have savings accounts here but it wasnt so difficult when i came!
i have invested in businesses here and get 10pc dividens plus growth on a normal basis-i work in education and its a growth area in the economy-the ecomomy is growing still!
i still need the experts here to test my figures and feelings-i am not totally adverse to keeping my policy--if i close it it will have been a crap investment!but it could get worse!

de1amo

i forgot to ask steve--what sort of final bonus projections were your company 'selling'-i cant get sense from standard life over the phone!-i was also trying to see what current maturing policies were getting?

stevenatleven

Hi de1amo

My policy is with Clerical Medical and they were reluctant to talk about final bonuses instead quoting the standard growth figures of 4% 6% & 8%.(mine has 3 years to go)
I figure what with the premium savings over 3 years and investing the lump sum I can do as good or better even allowing for BR tax.

Turkey was one of the holiday destinations reviewed in the Sundays last week and I think it came out top for cost of living increases so maybe the party is over!

Steve