A place to chat ‘one to one’ with other Silversurfers community members. If you wish you can add other members to your chat for a lively discussion amongst the safe environment of the Silversurfers community.
I am very unhappy that these plans are totally unregulated. I think they should be avoided as they do not necessarily provide good value for money.In addition, they are often overlooked by relatives when they are dealing with a deceased's estate.If you really are worried about the cost of your funeral discuss it with your family and perhaps open a savings account specifically for this purpose. Assuming you have sufficient funds in your Estate when you die, your family can ask a bank or building society to release money to pay for your funeral before they have administered your Estate.
For many years my wife and I have enjoyed reasonable interest rates on our NS&I accounts - but not anymore. 0.01% is totally unacceptable.However, I don't feel inclined to move our money into an internet only account with an unknown foreign bank just to get say 1% interest. The solution I have come up with is to transfer our money into a maximum holding of £50,000 of premium bonds. By holding £50,000 each we stand a good chance of winning prizes equivalent to 1% annual interest and of course we might hit the jackpot.Since moving our money in December I have already won one £25 prize and I'm looking to win a few more in 2021. It certainly puts some fun into savings when the rates are so low.
I've been reading about the different interests rates that are on offer at present. If you have an existing Equity Release Mortgage then an interest rate of 6% means that the amount you owe will double every 12 years BUT if your lucky and have an interest rate of 3% then the debt doubles every 20 years. That's a huge difference. If you are in this position it's worth looking into changing your Lender which is very straight forward as Equity Release mortgages can be changed just like conventional mortgages.
This is rather curious. Over the past week I have emailed the DWP nuneroua times, without receiving any reply as I have not even received the letter. On Monday I contacted my MP, not just for myself but for the many thousands of us who have not received the payment. He offered to take up the matter with the DWP. I have just checked my account and the money has been paid in today although I still have not received the letter.