Is income tax merely a savings plan for some public sector workers?
Having worked "hard" for twenty five years, former Met. Police Chief Sir Ian Blair is eligible for a tax free pension lump sum payment of £600,000 and £115,000 index linked annual pension!
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2 comments:
But he won't take it all, .. er .. will he?
Ridiculous, although it is not all public sector workers. My teacher wife worked over 30 years and paid in 6% rising to 9% of her salary for a £14k pension which, even index linked, does not seem to be a fantastic return. I got half that by paying in odd bits on occasions.
I believe public sector pensions are awarded in proportion to how useless the job is and how often the union calls you out on strike.
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