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Savings plan

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
Beforenineoclockgoodone
Posts: 186
Joined: 16 Jul 2007, 12:23
Location: Cheshire

Savings plan

Post by Beforenineoclockgoodone »

My £10 a week savings plan for 10 years matures at the end of this month, I am sure that I am gonna be slightly miffed about the amount I get, has anyone else on here had one matured & been disappointed? cheers
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johnnyp
Posts: 5239
Joined: 27 Jan 2007, 16:00
Gender: Male
Location: SE ENGLAND

Re: Savings plan

Post by johnnyp »

Is it with the CWFS mate?
Beforenineoclockgoodone
Posts: 186
Joined: 16 Jul 2007, 12:23
Location: Cheshire

Re: Savings plan

Post by Beforenineoclockgoodone »

Yep
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johnnyp
Posts: 5239
Joined: 27 Jan 2007, 16:00
Gender: Male
Location: SE ENGLAND

Re: Savings plan

Post by johnnyp »

I had one a few years ago for £3,000 and got back £4,800 :Very Happy The Mrs had a few over the years which as good as doubled :Very Happy I have another one which matures in November but like most of us have as good as spent it all what ever the sum is.Alot depends on the stock market and interest rates i think on what your final amount will be,but you all ways get your sum assured no matter what.
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POSTMAN
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Joined: 07 Aug 2006, 03:19
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Re: Savings plan

Post by POSTMAN »

I've got one maturing in june,it's for £1500 which was just over £3.00 a week,last statement i got it was worth £1635.

From memory there was a couple of years when we didn't get any bonuses.

The way i look at the CWFS stuff,the loans are great,really cheap interest,and everything comes out of our wages before we get it,which makes it easier to save.
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The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
Beforenineoclockgoodone
Posts: 186
Joined: 16 Jul 2007, 12:23
Location: Cheshire

Re: Savings plan

Post by Beforenineoclockgoodone »

Like you say, its money you didn't miss. But don't you always think, "I wish I had paid more in" wife's looking at fitted wardrobes as we speak!! :d'oh!
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POSTMAN
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Re: Savings plan

Post by POSTMAN »

Beforenineoclockgoodone wrote:Like you say, its money you didn't miss. But don't you always think, "I wish I had paid more in" wife's looking at fitted wardrobes as we speak!! :d'oh!
You can afford it,£10.00 a week :wink: Should be near 6 big ones.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
Beforenineoclockgoodone
Posts: 186
Joined: 16 Jul 2007, 12:23
Location: Cheshire

Re: Savings plan

Post by Beforenineoclockgoodone »

It was near 6 big ones, & its all gone now. :sad:
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POSTMAN
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Gender: Male

Re: Savings plan

Post by POSTMAN »

Beforenineoclockgoodone wrote:It was near 6 big ones, & its all gone now. :sad:
I've had to borrow £600 which has to be payed out of my £1600 :sad:
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
bogstandard
Posts: 1074
Joined: 08 Nov 2007, 06:16

Re: Savings plan

Post by bogstandard »

as was stated earlier the loans are what you borrowed plus about £60 admin, you get a sum assured ammount when you take out the policy so as long as you pay it up anything beyond this is a bonus, also if you die they pay out in full (honestly, what would you care your dead) and the money comes out before you've pay tax on your wages.
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