I'll take your odds. Hows a fiver sound?

 

Prefer a tenner but sure, any freebie welcome!

 

Tenner it is then, that RPI will be 5.9% or above in November.

13th December is the date I think, is it the second Tuesday of the following month it's released?

 

Oh, now it's 5.9% "or above" You sound like one of my brokers

But yeah, that's done. Third Tuesday so 15th Nov in the diary

 

I've had a pay freeze for the last 2-3 years, I just wonder what's going to happen when the pay freeze "ends" for millions of public sector workers...........10% pay rise ? dream on !

Shaun

 

Seems a bit risky, TelBoy! It's only 0.3% away, and it rose 0.4% this time.

 

I like risk

 

For next months RPI, surely we will have to wait until December for the figure?

But I'll go with the 15th Nov figure though.

 

Hold on, you said RPI would be 5.9% (or above!) "in November".


If you're predicting November's RPI, that's a different bet. Now you really DO sound like a broker

 

Novembers released RPI figure it is.

 

Couldn't agree more, been saying it since the day Thatcher sold them off to buy votes!

 

So, is this why my Pension is worth less now than it was last year. Got my statement in yesterday and was horrified

 

Not really, Lee. That'll be the 8% year-to-date fall in FTSE, which is probably where you have a lot of your money invested. That along with 5.2% inflation will compound the loss. In this environment, i'm surprised you were horrified - it's not a one-way street, unfortunately...

 

To be totally honest Tel, Pensions and how they work are way over my head. I just hand over the cash to the bank, every month (HSBC) and leave it to them. Funnily enough, they phoned today to see if everything was going well and if I needed anything. I had to bite my tongue as my Isas aren't doing too good either

 

Everyone's in the same boat, although i realise that's cold comfort...

 

Don't worry my Lovely, you must have at least 25 years before you start drawing your pension - plenty of time to get it all back.

 

Yes, and who know, you might not live that long and avoid the problem altogether

Mine will go to keep my missus in Honda Jazz's and lunches out with the other crusty old grannies when im gone !

 

I know. I'll stick to whinging about heating oil costs, while I put on another jumper

 

I wish

Job's comforter

 

Know what you mean about the heating oil.
Won't be long for an above inflation price rise!

We could keep each other warm under a Tog 24 duvet....

 

my employer is nearly doubling my pension contribution from April next year. will I get a 1.3% rise in pay to cover it? will I ****

 

Ooooh, now there's an offer. I could save a fortune on oil costs.

 

£528 for 900L in norn iron what are mainland prices like. typical cold spell and the prices go up. was £514 last week ffs.

 

About the same here, BS. But don't forget to add the 5% VAT

 

Some of the oil companies round me were charging 97 pence a litre in the middle of the big freeze last winter......with 2 week delivery !!

Shaun

 

How do you feel about investing in OEICs/Unit Trusts and ETFs? I only ask to gauge opinion from someone who dabbles on the stock markets and because these are what I know and would feel uncomfortable holding shares in a single company?



On the other hand, that increase may well save you from being abused (not in the way your hoping!! in a government run hovel of an OAP home when your 80.

 

The lads at work are all expecting about 2-3% pay increase in january, my contract states that i will get whatever they get + 5.5% extra for the next 5 years until i reach the pay rate that they are all on.

So i will be slightly better off next year

 

Not sure why people keep saying money in the bank now is worthless. To some extent it always has been, there has always been inflation so money in the bank almost always loses purchasing power if you look at it like that.

However if just commodities are rising in nominal value by x% that does not mean the money you have in the bank is losing purchasing power by x%. If you have £100k in the bank you were hardly going to spend that all on gas and bread. If the other major assets ie equities/properties aren't really rising/are falling/are very volatile then your cash could end up actually buying more of these.

So unless you feel properties, equities etc will return more than inflation once
buying costs and potential downsides have been take into account then cash in the bank is ok.

Pslewis has proven himself once again to be a prize knb jockey. He says money in the banks will be lost when they all fold so put your money into property. Does it occur to that 8ck sucker that if all the high street banks fold and all UK savers lose their money there will be no property market left?

Psl = tw8t

 

I try to get that across to my wife but a grand is always a grand, 500 quid is always 500 quid, perhaps statements should give a value in shoes for women ?

 

500 today is still 500 next year. If you want something now and its 500 but next year its 505 because of inflation you could always offer 500 which is likely to be accepted. Keeping the money in the bank isnt too big a deal. If in 5 years time the thing you want is say 600. Your 500 might not cut it.

The point is, inflation drag will begin to affect deposit savings over time. Not so much in the short term but worse over medium to long term. Medium to long term savings might be better in investment savings.