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The budget today so......

(89 Posts)
jinglbellsfrocks Wed 19-Mar-14 14:47:59

MollieIt's up to ten thousand in the new pensioners' bond.

LyndaW Wed 19-Mar-14 14:33:40

It will be interesting how this pans out? In principle am keen on the idea of being more in control of my pension. But it does also give us an added layer of responsibility doesn't it? (If I've understood correctly!) Not that I'm planning on blowing it all in vegas but you'd have to be quite careful how it was invested once you do draw your pension, paltry as it may be. Did laugh about the isa though. As if my sons and their families have a spare 15k floating around to invest - pah!

rosequartz Wed 19-Mar-14 14:23:55

Discussion. Although duscussion has a ring to it.

rosequartz Wed 19-Mar-14 14:21:56

There was me thinking it was Gordon Brown who devastated and plundered our pension pots! Silly me. It was, apparently, the big bad Tory 'rich boys'. And, of course the banking crisis has been re-written to have happened on the Conservative watch, not under 'rich boy' Labourites.

It is really not worth the hassle of joining in a political duscussion on GN.

papaoscar Wed 19-Mar-14 13:52:35

Fact - we pensioners and savers have paid for such handouts as have come out of the budget, whilst the rich - bankers especially - continue to do very nicely. Disgraceful! Enjoyed Ed M's lively response + Deputy Speakers pointed interjections.

weevil Wed 19-Mar-14 13:42:20

All very well telling us we are free to draw down from our pension pots as we please, but thanks to the Tories how much of a pension pot do we actually have to draw down on?

mollie65 Wed 19-Mar-14 13:31:41

oops - just realised I am eligible for the 'granny bond' grin shame I don't have £10000 going spare

CariGransnet (GNHQ) Wed 19-Mar-14 13:29:42

Also pensioner bond...from the BBC

New pensioner bond available to anyone aged over 65, Mr Osborne says. "The exact rates will be set in the autumn, to ensure the best possible offer - but our assumption is 2.8% for a one year bond and 4% on a three year bond."

LaraGransnet (GNHQ) Wed 19-Mar-14 13:28:32

Just announced pension changes - changing legislature so no need for annuities. More freedom over our own money. Thoughts?

mollie65 Wed 19-Mar-14 13:28:11

not a lot for the 'older generation' so far
personal allowance for over 65s now same as the rest - fair enough but still too low
tax free savings limit increased - would be good for savers if the interest on ISAs was a little bit more angry

ninathenana Wed 19-Mar-14 13:07:40

grin Experigran

Experigran Wed 19-Mar-14 12:53:05

I often wish that I smoked, so that I could give it up and save some money smile

grannyactivist Wed 19-Mar-14 12:42:33

We don't smoke, drink much or gamble and we share one small car, so we'll probably not be much affected personally. Help with childcare costs is what most young working folk need I think; that would certainly help my daughter.

GillT57 Wed 19-Mar-14 12:14:45

I am off to panic buy some chocolate to eat as I listen to The Budget and then realise that as ever, there is nothing in it for me. May buy a bottle or two of gin on the way home too. wine