UK savings for non-doms

[Fatt McMissile]

If you've been refused renewal of UK bank and building society savings products because you're resident in France, it may interest you that the National Savings "granny bonds" for 65+ paying 2.8 and 4% are available to non-residents from £500 to £40,000 per couple, as well as some other less attractive products like premium bonds.
Steve

[trunnie]

But of course, expats have the right to a vote, that's why they're eligible for this naked government bribe to the elderly.

I've yet to see a cogent explanation as to why, when the UK Government can issue gilts at about 1%, it has to pay the elderly 4 times that for their money.

[Fatt McMissile]

Thank you for your explanation trunnie! We elderly are so out of touch.

I see the reasoning behind it now, but I promise that I won't let it influence the way that I vote

Perhaps you could also explain the reasoning behind the UK government's changing the rules in order to stop paying the winter fuel allowance to UK pensioners living in France?

Steve

[trunnie]

Politicians belief that the electorate have short memories???

[Expatloon]

It's been raised with the EU Commission who have acknowledged it but say that they can't act until the new rule is enacted in September 2015.