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Breaking news on BBC - Fred Goodwin refuses reduced pension
Comments
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http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5923458.ece
He's already claimed £2.7m from the pension.
He has recieved it completely tax free, as RBS also paid his tax for him, of £1.8m, which he should of paid, but they, I would think, upped the pension to make sure they paid it on his behalf.
A clause, to allow Fred Goodwin to take his pension earlier than the contractual 60 years of age, was inserted to allow him to take it at 50, just 2 days before he went.
Gets worse.
He has agreed he will give back the £2.7m, but ONLY if his pension is adjusted accordingly, and he gets that £2.7m in the usual monthly payments.0 -
Shock horror, pensioner takes tax free lump sum.at 18:1 commutation rate.0
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