They giveth, and someone else taketh away

You may remember how thrilled pleased we were in this post
Well the mail lady brought another gem of despair monetary news to our door (not her fault, she’s lovely) insomuch as a change in interest rate on our meagre savings.
I thought 1 % interest was bad enough, but being a long term customer of over 20 years with this particular financial establishment, THAT was a preferential rate, and for every £100 in the kitty, I got a pound a year in interest. Wow, bring on the jelly babies.As from May 1st this will now be reduced to .25 of a percent, and thus 25p (yes, twenty five PENCE) per £100 per year.
That £3 per month extra in my pension?
Pfft, and the jelly babies are going back for a refund.


About pensitivity101

I am a retired number cruncher with a vivid imagination and wacky sense of humour which extends to short stories and poetry. I love to cook and am a bit of a dog whisperer as I get on better with them than people sometimes! In November 2020, we lost our beloved Maggie who adopted us as a 7 week old pup in March 2005. We decided to have a photo put on canvas as we had for her predecessor Barney. We now have three pictures of our fur babies on the wall as we found a snapshot of Kizzy, my GSD when Hubby and I first met so had hers done too. On February 24th 2022 we were blessed to find Maya, a 13 week old GSD pup who has made her own place in our hearts. You can follow our training methods, photos and her growth in my blog posts. From 2014 to 2017 'Home' was a 41 foot narrow boat where we made strong friendships both on and off the water. We were close to nature enjoying swan and duck families for neighbours, and it was a fascinating chapter in our lives. We now reside in a small bungalow on the Lincolnshire coast where we have forged new friendships and interests.
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24 Responses to They giveth, and someone else taketh away

  1. fransiweinstein says:

    (Sigh). I hear you. Just once it would be nice if we could catch a break.

    • Would be nice to be quids in for a change but it ain’t gonna happen. Latest headline is taxes will rise to compensate for the Coronavirus impact on the economy. I’m waiting for the pension age (ie us) to be adjusted again.

      • fransiweinstein says:

        You’d think they’d let you collect pension sooner. How do they expect you to survive?

      • I was expecting to collect my state pension in 2016 when I turned 60. Having taken an early retirement package at 50, my pot only had 10 years to cover when I stopped work. Pfft. The gvnt moved my generation to 66, but with all this I wouldn’t be surprised if they changed it to 67 (as they have for people born in the 70s) or 68. It’s a joke, but according to their own website we;re in ‘severe poverty’ yet we can’t get any help because of my pension pot!! Damned if we do, damned if we don’t, but I won’t let them beat us. Luckily we own our house outright and have no debt whatsoever.

      • fransiweinstein says:

        Here, the retirement age is 65 — although many people retire earlier and some, like me, continue to work past 65. I am freelance and work for myself. But we can take our government pension at 60.

      • For UK women it was 60, the men 65 until they changed the rules to 65 for all, then 66, 67, 68 and 70 in the pipeline. My bank pension I could take at 50 and it’s just as well I did as the bank was sold and only existing pensioners were recognised. Apart from two silly annuities which total £150 A YEAR, it’s my only income. There is no way I could live on my own with just that.

      • fransiweinstein says:

        Here it’s the same for men and women. In addition to government pension we have a small monthly additional amount — old age security — but depending on your income (from investments and/or work) certain percentages of it get clawed back. Civil servants, teachers, union members and leaders etc have work pensions that are fabulous, but those have age limits before you can collect them I believe.

      • When I get mine (in 2022……. if) it won’t replace anything and we will be quids in. When Hubby gets his (2021…….. if) it will replace his incapacity benefit as he has been unable to work. He should still get his disability for at least another 9 years though…..the one they reduced by 60% last October.

      • fransiweinstein says:

        I believe that here, if you’re on disability it has nothing to do with your pension, but I could be wrong on that. I believe they are separate but I am not sure. Even though I do some freelance work Incan still collect my government pension but most of the old age security is clawed back, which is fair enough as I am earning some money. Of course what the impact coronavirus will have on these things remains to be seen. All this bailout money is going to have to come from somewhere.

      • I know, and that’s a worrying factor as austerity measures always hit those who can least afford it.
        The disability here is also separate from a pension and he should get both, but his incapacity is because he cannot work, so after retirement age, it will stop as he’ll get his state pension instead.

      • fransiweinstein says:

        Ahh, that makes sense as it is work-related.

      • Provided nothing drastic happens between now and then, we can tick over. Then we get upgraded to the government’s poverty bracket!! LOL

      • fransiweinstein says:

        Let’s hope nothing drastic happens. I’m actually saving some money right now because I’m not going anywhere. Not even having a cup of coffee out.

      • We’ve found that too, and yet we were always frugal anyway. At the moment, my freezer is still full and we are having a three day stew every week, ingredients for which are just over a pound! Fresh fruit is our biggest expense though.

      • fransiweinstein says:

        Fresh fruit is expensive, no question about it. I cook in bulk as well. I enjoy cooking but not every day and it gives me a break.

      • I love to cook too but have no room to batch bake now as we only have a small freezer. Just as ell really as Hubby can;t eat a lot of the stuff I would normally freeze!!

      • fransiweinstein says:

        I have a small freezer as well. It’s got more in it now than it ever has.

      • fransiweinstein says:

        It’s begging for mercy.

  2. PaperKutzs says:

    Good grief. The “man” keeps getting richer a we are nice enough to be forced to help him as we have to start eating tree bark. Yum

  3. murisopsis says:

    I liked the post but not because I liked the content – 0.25% is pitiful! We moved our savings into a long term savings (3 years) and got a 4.5% rate. Granted we can’t touch it for 3 years but it will grow and that’s a pretty hefty return.

    • That is a good return! Sadly we’re not in a position to tie anything up as we might need to draw on it in a hurry. Interest rates are pitiful anyway.

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