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MONTHLY INCOME OPTION ON OVER 65 BOND

Submitted on Saturday 13th December 2014

Published on Wednesday 17th December 2014

Current status: Closed

Closed: Monday 30th March 2015

Signatures: 4

Petition Action

MONTHLY INCOME OPTION ON OVER 65 BOND

Additional Information

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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