In January this year I wrote about Homer's pension pot:
"As Lin Homer walks away with a £2.174million pension pot (lifetime allowances anyone?) we should not be too envious as, according to HMRC:It seems that, despite volatile market conditions, that pot has now grown to £2.4M.
"Her pension is actuarially-reduced, because she is leaving before retirement age. She is receiving no severance compensation.”
In fact she has done rather well for herself, according to the Mail she is entitled to an index linked £125K per annum income. Oh, and by the way, she got a £20K bonus before leaving.
Rewarding failure really doesn't cover it does it?
Tax does have to be taxing.
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