I read a rather chilling report this week that the Bank of England is considering negative interest rates for savers.
We have no sophisticated arrangements for our pension savings; just a small lump sum currently in a National Savings Account. I do not qualify for a state pension for another couple of years.
It seems I may need to go back to work!
Sisyphus - what did you do to deserve such punishment? Oh I know, worked hard, saved some money, thought you might be permitted to enjoy your retirement, nothing too grand, bills paid, food on the table, the occasional trip to a cafe...ReplyDelete
I know, I know. What WAS I thinking???Delete
That is truly awful when you have done all they tell you to do and made plans and then THEY ruin everything because THEY cannot run things properly. I despair. I hope it doesn't come to you going back out to work.ReplyDelete
It may be just about manageable if it is only short term, but if we have to start paying the banks to keep our savings longer term we may start to run out!Delete
Never heard of negative interest but mine is currently 0.25% so it may be heading that way.ReplyDelete
I am not aware of that ever happening here before. We have been earning around 1% but that has now dropped to 0.01% so virtually nothing now.Delete
If you do go back to work, I would not advise dragging big rocks up slopes with a rope. Such an activity could be injurious to your health. Try small rocks instead.ReplyDelete
Useful advice, thank you YP.Delete
Could you work from home JayCee? I keep hearing politicians telling people to work from if it's possible.ReplyDelete
I am not sure if my failing brain cells would be up to the job!Delete
I keep looking for one of these work from home jobs but they don't seem to exist.Delete
We could all end up like Ken Dodd with it stuffed in suitcases under the bed. I'd only need a pencil case.ReplyDelete
Surely a plimsoll bag for all those large old white fivers?Delete