Just make sure you have lifetime allowance protection if you have a pot that size...(too late if you haven’t - you’ll pay tax on anything over £1M...)
Hope Nobody's got a Bentley on Order
Just make sure you have lifetime allowance protection if you have a pot that size...(too late if you haven’t - you’ll pay tax on anything over £1M...)
1st Sapphire SD
2nd Sapphire GTS
viewtopic.php?f=23&t=4296
Current 992 S Cab
viewtopic.php?f=23&t=9845&p=196465#p196465
2nd Sapphire GTS
viewtopic.php?f=23&t=4296
Current 992 S Cab
viewtopic.php?f=23&t=9845&p=196465#p196465
Recently bumped to £1.03m and should rise from here roughly in line with inflation - unless Corbyn gets into No 10
Macan GTS - Mar 17 to Jan 23
Macan SD - Apr 16 to Mar 17
Macan SD - Apr 16 to Mar 17
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- Posts: 1807
- Joined: Fri Jan 13, 2017 12:33 pm
- Location: Warrenpoint, N Ireland
I'm a chartered accountant working for a semi-government body funded by the NI Assembly and the ROI government.Ian.g wrote: ↑Thu Feb 01, 2018 8:25 pmSounds a bit like my scheme. What work do you do?happy days wrote: ↑Thu Feb 01, 2018 1:00 pm I'm on a government scheme which changed about a year ago. The old DB system was frozen and a new one introduced. The old one paid out 1/80th of average salary (or something like that...) for each year of employment up to a max of 40/80ths; plus there was a whopping lump sum payment too. The new system pays a pension of 2.3% of actual earnings each year, but AFAIK there's not big lump sum payment any more.
Still a bloody good pension, if you ask me, which is why I'm staying put!
Macan S D
718 S
718 S
Can't beat the old company pension schemes - retired at 45 after 27 yrs service, drew pension from age 50 (with nice tax free lump sum). Mind you, having to put up with just a 3.9% pension rise this year
PS...don't think I'd want to buy a Bentley to help 'em out though!
PS...don't think I'd want to buy a Bentley to help 'em out though!
Dave
Macan SD - Volcano Grey (with mudflaps)
Macan SD - Volcano Grey (with mudflaps)
As a tax payer it it appears as if I may own a proportion of your 911!spook wrote: ↑Thu Feb 01, 2018 3:04 pmHappy Days I was on the same as you Gov scheme and 1/80th it was low pay, great terms and conditions and pension. Started work as an apprentice on my 16th Birthday !!!happy days wrote: ↑Thu Feb 01, 2018 1:00 pm I'm on a government scheme which changed about a year ago. The old DB system was frozen and a new one introduced. The old one paid out 1/80th of average salary (or something like that...) for each year of employment up to a max of 40/80ths; plus there was a whopping lump sum payment too.
Still a bloody good pension, if you ask me, which is why I'm staying put!
I knew that they were going to increase the age you could draw your DB pension from 50 to 55. So in March 08 at 52 I managed to wangle Voluntary Early Retirement (VER) with 37 years service and for taking VER they gave me an extra 7 years, so I got 44 and 6 months pay !!!.
Lump Sum was Tax Free (TF) and I could also reduce my DB and have a larger TF lump sum, It was £12 for every £1 taken off my DB pension up to a Max of something like £3K so you could have and extra £36K TF lump sum.
Not worked since
VG Petrol S http://www.porsche-code.com/PHIVCQU7 And a GT3 RS... by Lego! Not crash-tested!
Wow, retiring at 45 is pretty good going Caster! I must be in the wrong job?!Caster wrote:Can't beat the old company pension schemes - retired at 45 after 27 yrs service, drew pension from age 50 (with nice tax free lump sum). Mind you, having to put up with just a 3.9% pension rise this year [emoji22]
PS...don't think I'd want to buy a Bentley to help 'em out though!
Sent from my iPhone using Tapatalk
No longer part of the Porsche Family. Now enjoying a Giulia Quadrifoglio.
Macan S Diesel delivered Oct 6th 2016. http://www.porsche-code.com/PHI3WP95. Sold March 2018.
Macan S Diesel delivered Oct 6th 2016. http://www.porsche-code.com/PHI3WP95. Sold March 2018.
- Wing Commander
- Posts: 19923
- Joined: Tue Oct 06, 2015 5:43 pm
- Location: Wiltshire
Good for you, Dave!
Retired at 45 and currently to be seen swanning around in a Porsche!
Does it get any better...?! ;D
Retired at 45 and currently to be seen swanning around in a Porsche!
Does it get any better...?! ;D
Simon
Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow 06/04/2018
Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow 06/04/2018
Hmmm [emoji848] Currently wondering what I would do with myself if I retired at 45?!
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
No longer part of the Porsche Family. Now enjoying a Giulia Quadrifoglio.
Macan S Diesel delivered Oct 6th 2016. http://www.porsche-code.com/PHI3WP95. Sold March 2018.
Macan S Diesel delivered Oct 6th 2016. http://www.porsche-code.com/PHI3WP95. Sold March 2018.
- Wing Commander
- Posts: 19923
- Joined: Tue Oct 06, 2015 5:43 pm
- Location: Wiltshire
Freelance motoring journalist...?!
Simon
Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow 06/04/2018
Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow 06/04/2018
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