National Savings Bonds: Pensioners

HM Treasury written question – answered on 29th January 2015.

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Photo of Lord Tyler Lord Tyler Liberal Democrat

To ask Her Majesty’s Government what plans they have to enable Pensioner Bonds to be taken out by an eligible pensioner in the name of a grandchild.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

There are no plans to enable eligible pensioners to take out the bonds in the name of a grandchild. These new market-leading savings bonds and are designed to help support those who rely on their savings in retirement. Low interest rates have played an important part in stimulating the recovery. But there are those – especially pensioners – who rely on a reasonable rate of interest on their savings.

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