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Retirement Stop Gap
Comments
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OldMusicGuy wrote: »And as Twoplus also said, the near 8% is over 10 years so it's not a very good return.
Can it be right? Maybe age sixty and a ten year term simply harvests too little in mortality credits to be attractive.
If the mortality credits aren't big enough to leave a nice surplus after defraying the insurer's costs then he'd be better off just using a ladder of gilts, or a ladder of fixed terms savings accounts. I wouldn't be surprised if the latter were more attractive. Plus some of them will pay out monthly, which would be convenient for many people.Free the dunston one next time too.0 -
Can you access fixed tern savings accounts with money in a SIPP?0
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