Submitted on Saturday 13th December 2014
Published on Wednesday 17th December 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 4
MONTHLY INCOME OPTION ON OVER 65 BOND
The new over 65 savings bond does not offer a monthly income option. It should. Pensioners who have managed to save during their working life have seen their savings eroded over the past years. They need extra income now - waiting to have interest added at maturity does not help in addressing an immediate need. By adding a monthly income option, those who often have only the state pension as their sole income, would receive an immediate benefit.
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