Savings

[Worsleyweb]

Then why don’t the private sector do something about their pensions? Why should the public sector reduce because the private sector don’t do enough? Again I look at the profit these huge companies make and I’m talking billions in the case of banks etc, why arent their employees getting better pensions. A friend of mines daughter just got a £5k bonus for beating her sales targets, I don’t know of any public sector worker who gets a bonus, maybe we should introduce that into the public sector, oh wait then we’d say why should they get bonuses for doing their job! Maybe instead of getting a bonus they should put that in her pension, she may have that choice but I bet as a 26 year old she won’t do it. The public sector pensions were reformed in 2006 by Labour!

Second line - because the private sector pays for the public sectors pensions!

 

[Blue Maverick]

Second line - because the private sector pays for the public sectors pensions!

We all pay for public sector, you still didn’t answer instead of making vast profits why don’t they give their employees better pensions?

 

[blue b4 the moon]

Quite agree and cant argue, it has driven prices up and I don't need a second property, I want one. I want one because it's part of my pension pot and the system allows me and many others to do it.

I assume people moaning only ever stay in hotels or b &b's if they go away in this country?

 

[Big Joe Corrigan]

Businesses in the Lake District struggle in finding staff to employ

The work is often seasonal, not well paid, and staff can’t afford to live where the work is.

 

[forevermancity]

Where’s best to keep over £20k in savings?
I’m a bank at 4.2%, sure I can get better by placing it somewhere else

 

[paulchapo]

Where’s best to keep over £20k in savings?
I’m a bank at 4.2%, sure I can get better by placing it somewhere else

Stick it in an ISA. If you can afford to fix it you can get over 5% and it's tax free.

 

[denislawsbackheel]

The best fixed rate cash 1 year cash ISA is now 4.5%

 

[kashmir]

Buy gold….British coins only gold sovereigns or Britannia’s

 

[flook]

Where’s best to keep over £20k in savings?
I’m a bank at 4.2%, sure I can get better by placing it somewhere else

If you have the constitution for it a S&S ISA with someone like Fidelity or Hargreaves Landon should get you double that, but thats depending on the stock market continuing to perform of course. It could lose you money in the short term. If you're looking medium to long term it's a bit of a no brainer for me

 

[flook]

Buy gold….British coins only gold sovereigns or Britannia’s

How does that work then? Presumably it's a paper holding only (or this day and age an electronic holding). If you actually got your mitts on the coins I'd be worried about losing them down the back of the sofa

 

[Worsleyweb]

We all pay for public sector, you still didn’t answer instead of making vast profits why don’t they give their employees better pensions?

We don’t. Millions of people work for companies who can’t afford to pay wages let alone pensions.

 

[Rory Bluelow]

If you include local bars and restaurants in your" tourism business owner " umbrella then I agree. I also think it's better for said tourist area to have holiday lets than holiday homes that only get used 2 weeks a year by their wealthy owners yet the government are making it harder for businesses to be viable. Most holiday let's if sold will be snapped up by wealthy people and turned into a holiday home turning most areas into ghost towns. This homes for local people is bollocks. No first time buyer is gonna pay close to half a million for a home near the coast in Anglesey. For one there's hardly any work there.

This “closed economy” anti-tourism argument is bollocks. Some of these places would become ghost towns without visitors supporting pubs, restaurants and hospitality - there would be next to nothing for the locals. Also I’ve heard all sorts of arguments about how awful it is for these “grockles” to pollute their lovely town and spoil its tranquil scenic beauty with their cars and pollution. Many of the poor grockles live in ugly industrial towns or even shitholes where they produce the goods, services and energy that the most bitter of rustics want to possess and enjoy - as long as they’re made somewhere else eh ? If you live near or work at a big refinery, Power Plant or car factory then why can’t you spend a few days/weeks respite in a beautiful place. I’d sympathise with anti-tourist locals if they wandered about in clothes woven from seaweed, went without cars, refrigerators, electricity and gas etc. Obviously there needs to be some balance but a lot of them are fucking hypocrites.

 

[kashmir]

How does that work then? Presumably it's a paper holding only (or this day and age an electronic holding). If you actually got your mitts on the coins I'd be worried about losing them down the back of the sofa

Buy the gold and it’s in your hand,it’s yours and when you sell there is no cgt and it’s still legal tender in uk,Britannia’s are £100 coins but the value of it gold content is now worth about £2100, and you won’t lose them! Down the back of the sofa
Just look what the Bank of England and Fort Knox USA they keep gold not bitcoins which would be worthless in the event of unrest (war)

 

[flook]

Buy the gold and it’s in your hand,it’s yours and when you sell there is no cgt and it’s still legal tender in uk,Britannia’s are £100 coins but the value of it gold content is now worth about £2100, and you won’t lose them! Down the back of the sofa
Just look what the Bank of England and Fort Knox USA they keep gold not bitcoins which would be worthless in the event of unrest (war)

interesting, will have to do some research

 

[kashmir]

interesting, will have to do some research

If buying I use Chards in Blackpool or Hatton garden metals in London they generally have the best prices and are both reputable companies

 

[Blue Maverick]

We don’t. Millions of people work for companies who can’t afford to pay wages let alone pensions.

Who’s working for free?

 

[117 M34]

Where’s best to keep over £20k in savings?
I’m a bank at 4.2%, sure I can get better by placing it somewhere else

Will depend on if you will need to spend it and when.
Mine is in a stocks and shares isa with nutmeg and I've made decent growth on it even though I opened it at the worst possible time the past 75 years (about a week before the first covid lockdown)

 

[Kirkstall Blue]

Buy the gold and it’s in your hand,it’s yours and when you sell there is no cgt and it’s still legal tender in uk,Britannia’s are £100 coins but the value of it gold content is now worth about £2100, and you won’t lose them! Down the back of the sofa
Just look what the Bank of England and Fort Knox USA they keep gold not bitcoins which would be worthless in the event of unrest (war)

Does that include jewellery rings. I’ve just been left a share in an estate of a distant relation I’d like to invest in gold.

 

[kashmir]

Rings,necklaces etc are generally 9 cts gold not 99.9% pure like Britannia’s
prices today for selling gold
9ct £23.06 per gram
18ct £45.92 per gram
22 ct £56.21 per gram
24ct £61.36 per gram

These prices are what gold dealers will pay for scrap gold and fluctuates every few minutes,you can check by looking online what the price is
Hope this helps

 

[BrianW]

Where’s best to keep over £20k in savings?
I’m a bank at 4.2%, sure I can get better by placing it somewhere else

Bung some in an ISA stocks and shares account. Then, if you're risk averse, buy low-risk funds.