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Debate House Prices
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Typical- Fred the Shred getting 650k pa
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basically the reason that he gets the pension, as far as i can make out, is that he was sacked, rather than falling on his sword.
maybe he should have done the right thing and quit, but realistically if you were sitting there and had to make that decision, you'd wait for them to sack you every time and collect the money.
would probably be a good move on his part if he waives part of the pension entitlement - it's unlikely that he needs it.0 -
chewmylegoff wrote: »basically the reason that he gets the pension, as far as i can make out, is that he was sacked, rather than falling on his sword.
maybe he should have done the right thing and quit, but realistically if you were sitting there and had to make that decision, you'd wait for them to sack you every time and collect the money.
would probably be a good move on his part if he waives part of the pension entitlement - it's unlikely that he needs it.
Let's hope that the taxpayer gets 40% of it back but I suspect that he's got some good accountants who will see to it that it doesn't happen0 -
Old_Slaphead wrote: »Let's hope that the taxpayer gets 40% of it back but I suspect that he's got some good accountants who will see to it that it doesn't happen
normally a company pension scheme is taxed at source. normally...0 -
chewmylegoff wrote: »normally a company pension scheme is taxed at source. normally...
Agreed - but this is not a standard company pension scheme. With £16million available, presumably his advisers are sufficiently savvy to have the fund set up in the most tax efficient way.0 -
Old_Slaphead wrote: »Agreed - but this is not a standard company pension scheme. With £16million available, presumably his advisers are sufficiently savvy to have the fund set up in the most tax efficient way.
it's likely to be a collective scheme for all of the directors, so he won't have any control himself over the scheme's assets or investment strategy, or more importantly where the scheme is based. the scheme is going to be principally funded by RBS, not by investments or directors' personal contributions. therefore i imagine RBS will have it set up to ensure that their payments into the directors' scheme are deductible for UK corporation tax. i think this would preclude them from setting up the scheme offshore.
probably.0 -
Old_Slaphead wrote: »Agreed - but this is not a standard company pension scheme. With £16million available, presumably his advisers are sufficiently savvy to have the fund set up in the most tax efficient way.
Oh well, at least the Panamanian economy will do ok then. Canoe anyone?Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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The resemblence to Smithers in the Simpsons is uncanny:
http://news.bbc.co.uk/1/hi/business/7667214.stm0 -
Fred is a classic case of the Anglo Saxon love afair with charisma over substance.
When will we learn to grow out of our infactuation with the shallow pool that is charisma, and start to look to leaders as people of quiet contemplation that trul welcome the input of the post room boy?0 -
fred needs to be jailed..simple as that...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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