Tony Levene meets a saver whose not-so-friendly tax-free plan generated a pittanceFifty-six pence – barely enough for a pot of yogurt or a packet of crisps. But that’s exactly how much Claire McDermott was told she would get after saving £25 a month over 10 years with Scottish Friendly. Her £3,000 investment was set to pay £3,000.56 – earning 5.6p for each year.Her experience puts a huge question mark over the value of tax-free friendly society plans held by millions of lower- and middle-income savers in Britain. Continue reading…
Source : theguardian.com
Read more…Savings: Scottish Friendly investment was a let-down
