|   FM Home  |   FM Forum  |   FM News  |   FM Blog  |  

Go Back   Finance & Money Forums > Finance > Investing



FAQ Members List Calendar Search Today's Posts Mark Forums Read

Investing General discussions on investing and investments: shares, bonds, commodities, forex, and funds.

Reply
 
Thread Tools
  #1 (permalink)  
Old 05-18-2009, 02:50 PM
Junior Member
 
Join Date: May 2009
Posts: 1
Default 8% interest??

Please tell me if this is a workable way of getting 8% "interest" on say £16,000...using a Stakeholder Pension. (for a 62 yr man earning £20k per year.)
A lump sum investment of £16,000 plus £4,000 added by Her Majesty.....
The pension fund will be £20,000. Buy an annuity immediately and receive a pension each year of £1,280. (according to Norwich Union).
This is equivalent of receiving 8% per year on £16,000.
...or is there a better method?

Last edited by Mike Flanagan; 05-18-2009 at 02:52 PM. Reason: x
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Outrageous Credit Card interest: Need an unsecured loan MarkLB Loans 5 07-23-2010 06:04 AM
Euro zone interest rates cut from 3.25% to 2.5% Finance News Economy 0 12-05-2008 02:05 AM
Fewer interest rate cuts than predicted Finance News Economy 0 02-14-2008 08:00 PM
Difference between Bank of England interest rate, loan interest rates narrows Finance News Loans 0 09-18-2007 03:00 PM


All times are GMT +1. The time now is 08:19 PM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0

© 2005-2011 Finance Markets. All rights reserved  |  About  |  Disclaimer  |  Resources  |  XML Feed  |  Contact us