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To think 20% annual interest is unachievable

(13 Posts)
jsaclaim2016 Wed 24-Feb-16 08:55:20

This on the entitled to website is what the government estimates you will get on capital?!?!

Surely its a mistake?

Collaborate Wed 24-Feb-16 08:58:57


acasualobserver Wed 24-Feb-16 09:05:17

Where do I sign up?

AgainstTheGlock Wed 24-Feb-16 09:06:26

Roll up, roll up to the marvellous Ponzi scheme. wink Of course you're right - not based in reality.

whatevva Wed 24-Feb-16 09:09:55

Any interest at all is a struggle these days sad

I have heard about this on MoneyBox on R4, but it looks like no one cares about it enough to do anything.

chilipepper20 Wed 24-Feb-16 09:42:46

you are clobbering the stock market at that rate. sign me up, but sounds TGTBT.

jsaclaim2016 Wed 24-Feb-16 12:42:23

I presumed it was a mistake, but apparently not! Thanks government

Noofly Wed 24-Feb-16 13:21:27

Really need a link to see what you are talking about...

OneFlewOverTheDodosNest Wed 24-Feb-16 13:29:06

Really need a link to see what you are talking about...

Yes, me too please!

Andrewofgg Wed 24-Feb-16 13:45:37

Link or it's not so.

Anyway, you can go better with my Atlantic Tunnel Company.

Berthatydfil Wed 24-Feb-16 13:49:01

No this is a notional income and not linked to actual returns.
Its designed so that you will gradually have to use your savings to top up your benefits until you get below the threshold for your savings to count.

bakeoffcake Wed 24-Feb-16 13:51:17

Where's a link????????????

lalalonglegs Wed 24-Feb-16 14:24:25

Do they mean that you will pay 20% tax on interest?

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