acorn
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Post by acorn on Feb 17, 2015 21:09:42 GMT
Whilst trying to rationalise ancient paperwork recently, I came across a Certificate of Assurance of Equivalent Pension Benefits from donkey's years ago which tells me I am "absolutely and indefeasibly" entitled to the glorious sum of £2.18 per annum when I reach the tender age of 60. I am assured that when the time comes a lump sum will be offered in place of this tiny annual sum so, rather than treat myself to a smaller and smaller ice cream once a year for life, I may just splash out on ice creams for everybody here instead.  Needless to say, I got lost in old letters and didn't succeed in rationalising anything! |
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kmac
Member of DD Central
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Post by kmac on Feb 17, 2015 23:01:14 GMT
I have a pension of £8.34 a year, not as low as yours. 18years ago, when it became payable, I was given the choice of receiving this annually on my birthday or to have a lump sum of £100 there and then. I decided that I would probably live more than 8 years and the way the offer was worded, they did not want to mess about with such a small amount. So, mainly to be difficult, I opted for the annual payment. In those days it would have nearly been enough for a bottle of whisky. However, I forgot that it would be taxed at my marginal rate, so my pension dropped to £6 something. The £100 would also have been taxed, so after 18 years I am still in profit although it now only buys a couple of minitures!
Moral:- Dont forget the Tax Man.
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pikestaff
Member of DD Central
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Post by pikestaff on Feb 18, 2015 0:21:51 GMT
Annuity rates back then were over 10% so the £100 offer was quite generous. £8.74/10% = £87.40. (This assumes age 65. If you were drawing younger the offer will have been less generous.) A big difference from the 5% or so available today.  |
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acorn
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Post by acorn on Feb 18, 2015 12:22:28 GMT
Hmmm, doesn't sound too promising. Will have to be home-made ice cream to feed that many mouths for less than £100! I'll have to sweet talk the chooks for eggs and do some early morning milking...
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thebillet
Member of DD Central
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Post by thebillet on Feb 18, 2015 14:03:20 GMT
Do you have crushed nuts?
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Feb 19, 2015 7:48:05 GMT
Chocolate waffle cone please
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Post by rudry2677 on Feb 19, 2015 19:21:49 GMT
Knickerbocker Glory with mango, pistachio nuts, strawberries and orange please.....just one.
The thought of the above helps take my mind away from Equitable Life.........
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acorn
Posts: 118
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Post by acorn on Feb 19, 2015 21:49:03 GMT
Close my eyes and I can almost taste that one! I must admit that Equitable Life would never have made me drool like even an imaginary ice cream can.
A boy close to my heart used to walk very slowly, eyes shut in total ecstasy, as he ate his ice cream as if it was the last one on the planet. He taught me a lot about what's really important in life!
Anyone else got any favourite combinations? (I'm finding this to be excellent bridge therapy)
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Post by ablrateandy on Feb 20, 2015 0:53:34 GMT
How about some amusing penguins instead?
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Post by wildlife2 on Feb 20, 2015 15:20:33 GMT
That shows how tough their flippers can be......BBQ'd or not!
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debeast
(o)(o)
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Post by debeast on Feb 27, 2015 12:52:12 GMT
IF you order from here ecreamery.com/ (i have no affliation  ) then you can save yourself the trouble of popping to the shop A very efficient ice cream solution i think. Rocky road please! /beast |
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) then you can save yourself the trouble of popping to the shop