The tories and the OAP,s part 2

the black fox

the black fox

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Jeff
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:runaway::runaway::runaway:WOW from today I can actually increase my state pension by up to £25 per week all I have to do is pay h.m government £20,000 up front and they will dribble it back to me/us ,in the hope that we might die before collecting it ,what sort of mindless cretin thinks up these schemes which undoubtedly will be backed up with a massive expensive t.v and newspaper advertising campaign which could have been better off pumped into the pension pot instead .
Do they really think that people are actually stupid enough to go for this sort of crap ,the mind totally boggles :runaway::runaway::runaway:
 
Thats rather odd considering the new rules on cashing in your pensions. I wonder what they are hoping, that people who have surrendered their pensions will then give it back to the government, whats the point, you'd probably get a better rate leaving it where it is?
 
It's called an annuity, and it's how pensions have worked for years. o_O

Edit: it's just that this one isn't that keenly priced.
 
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I heard this on the radio earlier and thought WTF too!
 
The joke is the Government want you to put in your hard earned savings, so they can give it back to you a bit at a time, instead of giving you a decent state pension, in the first place.
 
the other bit i have learned since this morning when i posted is ,the little bit of small print that states if you do subscribe to this you could then be penalised by LOSING other benefits ,so (1) they still think a pension that we paid for is a benefit ???? (2) if you do get any other benefits i.e rent help,or pension credits by giving them a large sum of any savings you might have and letting them dribble it back to you they will also then take away the extras you would also have been entitled to so in effect robbing you twice or three times ,come back robin hood some ones nicked your ideas :bat::bat::bat::bat:
 
Where else do you get 6.5% per annum with a decreasing cash reserve until you die? Not that bad a deal at all I would say.
 
Think about it properly ,yes some will actually live long enough to make a small profit from this ,but the majority would be dead before then .really ties in with last weeks think tank statement ,anyway I won't be doing it hard enough to find a spare £20. Never mind twenty grand :thinking:
 
the black fox said:
the other bit i have learned since this morning when i posted is ,the little bit of small print that states if you do subscribe to this you could then be penalised by LOSING other benefits ,so (1) they still think a pension that we paid for is a benefit ???? (2) if you do get any other benefits i.e rent help,or pension credits by giving them a large sum of any savings you might have and letting them dribble it back to you they will also then take away the extras you would also have been entitled to so in effect robbing you twice or three times ,come back robin hood some ones nicked your ideas :bat::bat::bat::bat:
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Sounds like the benefits you would lose are means tested ones that you wouldn't get if you had £20k in the bank anyway.
 
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