On Jun 13, 11:47*am, "dennis@home"
wrote:
"RobertL" wrote in message

...

He pays, say, £12,000 for installation and will never see that money
again. He can't 'back out' and get his money back. *It will be 10
years or so before he starts to see any net positive result from his
investment. *After 25 years the income stops.

Nobody would buy an investment bond like that.

Look up annuity.

An anuuity carries on paying out when you move house for whatever
reason.

Annuities don't require massive tax payer funded subsidies.

MBQ