The Positive Side of Cancer Part 6 + some Pensions Trivia
At my first Thursday meeting with the doctor and dietician since the sessions stopped, I present my log of the painkillers I am taking as I have been forgetting what I have taken and when. My sleep patterns have been all over the place for weeks and I never sleep for more than 3 hours at a time, typically going to bed after 2 a.m. – a bit like being a student again. What wakes me up is the pain in my throat and I have to sluice it out with saline solution and then drink plain water – feeling normal takes about 5 minutes. I am asked to describe this in more detail – the mucous is clear but on a bad morning there is a lot of bright red in it. This is par for the course after having my throat cooked apparently. As I am on the maximum doses, I am given morphine as an addition but as this is a “controlled substance” the dosage is written out in words and figures and I have to sign for the bottles when I receive them. This brings the number of medicines I am taking to 5 – two painkillers, an anti-inflammatory, a gloop to line my throat before eating plus now the morphine to be used when the others are not sufficient.
I have lost weight – 2 kilos and they are not pleased. The effort of my system dealing with the RT increases my need for food calories by about 50 per cent so if I eat a normal diet, I will lose weight and the effects now seem at their maximum. I am given some more saline solution to sluice my throat and some high-calorie meal drinks of about 1,000 calories each.
Along comes the weekend and constipation is now a real problem rather than a mild annoyance. I drink a lot of water and stop eating and end up drinking a half pint of olive oil. I decide not to visit my daughter for Sunday lunch which I had been looking forward to very much. Eventually, it all clears early Monday morning and I spend Monday and Tuesday doing very little and hardly eating. I find out that I am not the only one to have this problem during cancer treatment. That Sunday is the worst day so far. I don’t bother with any painkillers and hardly notice the discomfort in my throat.
By Wednesday, I can think about eating and decide to catch up on my CPD (Continuing Professional Development). I spend 4 glorious hours going through anything and everything on pensions which leaves me exhausted. At least when I get back, I will be the most up-to-date adviser in the office but my voice may take longer to recover than than I thought.
My next Thursday meeting shows another 3 kilo weight loss and the doctor is worried. I have reduced my intake of painkillers and only take the morphine when I go to sleep but am told to take the two painkillers regularly to provide a background level of comfort and just to take the morphine when I sleep or when needed. Alarmingly, I am reminded that the painkillers and the morphine cause constipation so I am now given another medicine to cure that! I have been eating healthily and over the weeks, several people have remarked unprompted how healthy I look. However, while the proteins and vitamins are obviously sufficient, I need to increase the calorific content seriously and basically buy stuff I don’t like very much or that is really very healthy – life seems stange sometimes.
As an antidote to my cancer journey, I will leave some fascinating nuggets from the pensions study I mentioned earlier:
* a common question I get is “should I contract out” of S2P (formerly SERPS)? The concensus seems to be “No” as some insurance companies refuse to take this business any more, some like Norwich Union are unilaterally contracting their clients back in and some actuaries say that the the NI rebates need to be about 50 per cent higher for Contracting Out to be viable. It seems a strange way to encourage people to save for their pension and is another pointer that the State Pension will be means-tested at some point.
* The rate of return that the Government assumes when taking savings into account for Pension Credit purposes is over 10 per cent p.a. and where paying for care is concerned is 20.8 per cent! This is much more than the rates offered by the Government’s own National Savings http://www.nsandi.com/interest-rates/index.jsp?ccd=NEGIAA If I could offer these returns to my own clients, I could retire very soon myself.
* Staying with National Savings, the maximum holding for Premium Bonds is now £30,000 and the Annual Rate used to calculate the prize pool goes up to 4 per cent per annum on 1st August. This increases the odds of winning a prize per £1 unit from 24,000 to 1 to 21,000 to 1.
* The Pension Protection Fund imposed on the industry to protect people whose Defined Benefit schemes are insolvent actually has no State guarantee and is currently in deficit with an increased projected deficit for 2007/2008 of £675 million.
* Funds in an Alternative Secured Pension which are passed onto the next generation on death of the pensioner, will pay tax at a rate of 82 per cent so the much vaunted Family SIPPS is effectively dead. Old Labour is alive and well it seems – IHT is “only” 40 per cent by comparison.
* The current State Pension Age (SPA) of 65 is due to increase in stages to 68 under the Pensions Bill 2006. This is too little too late as the SPA needs to be increased by about a year each decade just to keep pace with increases in life expectancy. See my previous blog on Pensions and Bismarck http://www.georgeemsden.co.uk/?p=30
I am taking a short holiday in Germany, so back in two weeks.