mikewilkes
Well-Known Member
Got your attention cos this is what the government recon you get for every £ 500 your have in savings!!!
Ideally looking through the .gov.org pensions thingy and saw that minimum incone of £ 105 / £ 155 was promised. Thought ok lets have a look see.
For every £ 500 you have in savings, after £6,000 you are deducted £ 1 p.w. On that basis then "somebody" in government seems to think you can get £ 52 net p.a for every £ 500 - my simple brain works that out to 13 % after the 20% tax on savings.
Can one of you guru savings people show me where I get a load of 13% returns please??????????
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Ideally looking through the .gov.org pensions thingy and saw that minimum incone of £ 105 / £ 155 was promised. Thought ok lets have a look see.
For every £ 500 you have in savings, after £6,000 you are deducted £ 1 p.w. On that basis then "somebody" in government seems to think you can get £ 52 net p.a for every £ 500 - my simple brain works that out to 13 % after the 20% tax on savings.
Can one of you guru savings people show me where I get a load of 13% returns please??????????
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