Pensioner Bonds Guide

moneyistooshorttomention

colsten wrote: »

May be the first Q in the MSE article ("What are pensioner bonds") needs to spell out what the word "dubbed" means?

I wonder whether it would satisfy the critics if everybody referred to these pensioner bonds as the "if you are 65 and over on January xx 2015 and quick off the mark limited edition savings accounts"?

I suppose we also need to generally and very urgently have new rules for the use of the word "pensioner" since - as has been pointed out by one of the critics - you can't actually be sure these days whether someone who calls themselves, or is referred to as, a pensioner is over a certain age. What's this world come to.

Totally agree:T. The question would still arise as to "Why did they choose 65 as the cut-off point then?" though.

There are a lot of us that know full well we are pensioners if we are 65 plus (for men) and if we are 60 plus (for women) and have duly retired and we aren't going to change our ideas/language to match Governments having revised the State Pension Age. If we are retirement age (by the above criteria and are getting at least part of our pension = we are pensioners).

Yep...I don't actually like calling myself that personally, as it almost implies being elderly and I'm not there yet.

We are indeed in a rather "betwixt and between" situation courtesy of those darn revised SPAs.

Basically, the Government messed-up on that qualifying age and should have chosen 60 (or, possibly, some in-between type age like 62). Somebody somewhere in the Government had presumably had too long and boozy a lunch break to think that one through properly.....

Am guessing at this being a similar situation to a certain (former) Government Minister (who shall be nameless...but his brains were in his trousers, rather than his head) messing-up an Act in a very different direction instead...because no-one had the nerve to point out to him that his number of braincells were...ahem....not that numerous and he hadn't thought through the implications....courtesy of not being The Worlds Brightest Button in the first place....

colsten

moneyistooshorttomention wrote: »

Perhaps he should have called them "Elder Bonds" and restricted them to those 70 plus agegroup (ie the elderly only) and then we wouldn't have pensioners in late middle-age thinking "Well...if they are Pensioner Bonds then I can have them too (ie because I am a pensioner)...so why am I not fulfilling the eligibility criteria then?:shocked::think::huh::huh::huh:".

Be very careful with pigeonholing people. You wouldn't dare call this lady "elderly". https://www.youtube.com/watch?v=ySBxMMidbEg. You can but hope she doesn't know where you live.

moneyistooshorttomention

kidmugsy wrote: »

"codger bonds" is what I calls 'em, and quite right too.

:rotfl:Not if you don't want to be referred to as sexist. I've just checked out definition of "codger" and its "eccentric but amusing old man".

Personally, okays don't mind "eccentric" or "amusing" but I aint "old" (yet...gimme a few more years on that one...) and I aint a "man"....:rotfl::rotfl:

colsten

RAM57 wrote: »

Will I be able to apply for these if I live in the EU but have UK bank accounts?

You need to ask Nigel Farage, he is responsible for all matters EU.

Apologies if your question was a serious one. The official rules are on http://www.nsandi.com/savings-65plus?ccd=NAJBAA and will be updated as further information will become available.

2010

These bonds are only a sweetener for the grey vote.

colsten

2010 wrote: »

These bonds are only a sweetener for the grey vote.

Are UK [STRIKE]pensioners[/STRIKE] / [STRIKE]over 64s [/STRIKE] / [STRIKE]the fastest over 64s[/STRIKE] (remove strikeout as desired) grey if they manage to get £10K or £30K into these bonds? Is being dubbed (there's that word again!!) grey good / bad / racists / acceptable ?

WelshGandalf

There is already a large intergenerational debt being built up by the government (in the form of pensions, and house prices) and this is just another aspect of it.

So many posts about the name of it, but the issue is, why should older people get this and not younger people, when the current younger generation are likely to be the first generation to have it worse than the previous one?

Part of the answer 2010 has hit on the head already. Votes.

Archi_Bald

1. who cannot get at least 3% on up to £30K anyway, without the help of the State? And with instant access, R85, monthly interest payment? It's not as if these 'pensioner bonds' are anything earth shatteringly new, or best in the market
   
   
2. how many young people have actually got £30K sloshing about in cash?
   
   

WelshGandalf

who cannot get at least 3% on up to £30K anyway, without the help of the State?

I think you meant £20k, if you're referring to Santander. Which does have strings attached, and 3% is less than 4%. Regardless, it's a stupid comparison as people aged 65+ can still access all that stuff, and this new bond on top of it.

It's not as if these 'pensioner bonds' are anything earth shatteringly new, or best in the market

Yes, in fact, they are both new, and best in market, if MSE's guess is even approximately correct.

how many young people have actually got £30K sloshing about in cash?

Assume your premise is true. Why, then, limit this to people aged 65+?

Eco_Miser

le_loup wrote: »

Nowhere on the NS&I website - and it is they who are selling these bonds - does it mention "pensioners"!

Except the third sentence of the body text at http://www.nsandi.com/savings-65plus

You might have read about them in the newspapers, referred to as ‘pensioners bonds’