Roll Up, Roll Up, Who wants Redundancy?
19 June 2011, 10:33 PM
#32
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Feel free to have a whip round ...... it will be a £30,000 Tax Free up front payment and then £55,000 Annual Compensation Payment each year. Until I pop my clogs!
It's going to be very tight - but I would sacrifice myself on the alter of Tory Cuts ...... for the good of mankind all over - that's the kind of great guy I am!!
It's going to be very tight - but I would sacrifice myself on the alter of Tory Cuts ...... for the good of mankind all over - that's the kind of great guy I am!!
Private industry which exists in the real world doesn't offer that sort of redundancy or benefits.
19 June 2011, 10:39 PM
#33
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I work for a PRIVATE company ..... managed by 3 US Private Companies ..... it's about as Private as you can get!!
I was removed from the Civil Service nearly 20 years ago - surely I have paid my penalty ?
I have seen it from all sides now ..... prior to the Civil Service I worked for Private Companies, like Black & Decker for example.
Therefore no hypcrite!
I was removed from the Civil Service nearly 20 years ago - surely I have paid my penalty ?
I have seen it from all sides now ..... prior to the Civil Service I worked for Private Companies, like Black & Decker for example.
Therefore no hypcrite!
19 June 2011, 10:52 PM
#34
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I work for a PRIVATE company ..... managed by 3 US Private Companies ..... it's about as Private as you can get!!
I was removed from the Civil Service nearly 20 years ago - surely I have paid my penalty ?
I have seen it from all sides now ..... prior to the Civil Service I worked for Private Companies, like Black & Decker for example.
Therefore no hypcrite!
I was removed from the Civil Service nearly 20 years ago - surely I have paid my penalty ?
I have seen it from all sides now ..... prior to the Civil Service I worked for Private Companies, like Black & Decker for example.
Therefore no hypcrite!
There is no way a private company - existing in the real world - pays £30k a year for redundancy to technical staff.
I know this because I work for such a company. Management would rather bite their arms off than pay above the statuary minimum.
Former nationalised companies maybe where everyone had 'job for life' contacts.
Last edited by tony de wonderful; 19 June 2011 at 10:54 PM.
20 June 2011, 09:16 AM
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20 June 2011, 09:36 AM
#39
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Redundancy is only good if you have something else lined up - unless you are pensionable of course.
I was 'lucky' 6 years ago. Out of one job, lump sum, straight into another.
Steve
I was 'lucky' 6 years ago. Out of one job, lump sum, straight into another.
Steve
20 June 2011, 09:53 AM
#41
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I'd say 55k per year until you are 60 is pretty damn good. You could virtually retire early.
20 June 2011, 10:02 AM
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20 June 2011, 10:52 AM
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Feel free to have a whip round ...... it will be a £30,000 Tax Free up front payment and then £55,000 Annual Compensation Payment each year. Until I pop my clogs!
It's going to be very tight - but I would sacrifice myself on the alter of Tory Cuts ...... for the good of mankind all over - that's the kind of great guy I am!!
It's going to be very tight - but I would sacrifice myself on the alter of Tory Cuts ...... for the good of mankind all over - that's the kind of great guy I am!!
Les
20 June 2011, 10:56 AM
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It is still lawful to make people retire at a predetermined age as long as that is at least 65 and certain other conditions are fulfilled.
If you are as old as you claim (clearly not
) then it's unlikely you'd get any redundancy payout anyway. They'll just ask you nicely to retire, perhaps with some sort of sweetener to encourage you.
20 June 2011, 02:17 PM
#45
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There is no retirement age anymore ... they can make me an offer I cannot refuse, of course.
The £30,000 Lump Sum Tax Free would be that - the £55,000 is the Pension payment which happens to be the same as the ACP.
The £30,000 Lump Sum Tax Free would be that - the £55,000 is the Pension payment which happens to be the same as the ACP.
20 June 2011, 03:34 PM
#46
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Are management idiots?
It's obvious you work in the public sector or pseudo-public sector.
20 June 2011, 03:38 PM
#47
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Chip
20 June 2011, 03:39 PM
#48
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Good?
Are you bonkers?
£30k is nothing these days as a Lump Sum - hell, it wouldn't even buy a new Impreza STi.
And as for the £55k a year pittance ... have you any idea how expensive it is to live in the upper 5% of the population? I can tell you - it ain't cheap!
Are you bonkers?
£30k is nothing these days as a Lump Sum - hell, it wouldn't even buy a new Impreza STi.
And as for the £55k a year pittance ... have you any idea how expensive it is to live in the upper 5% of the population? I can tell you - it ain't cheap!
20 June 2011, 03:48 PM
#49
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You're either in the public sector or in some industry still heavily unionised like air traffic or power generation, not in the real world at all.
20 June 2011, 03:57 PM
#50
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£55k is a HUGE drop if you were earning double that!!
Let me help you get a feel for it ....
If you were on a low salary of £40,000 - and retired on £20,000, you have lost the buying power of £20,000.
If you were on £110,000 and retired on £55,000, you have lost the buying power of £55,000!!!
Can you see why it is actually a pittance? It is all a question of relatives.
At £55,000 a year I will be hurting far worse than someone on £20,000 pension as I have lost a far greater annual payment.
Let me help you get a feel for it ....
If you were on a low salary of £40,000 - and retired on £20,000, you have lost the buying power of £20,000.
If you were on £110,000 and retired on £55,000, you have lost the buying power of £55,000!!!
Can you see why it is actually a pittance? It is all a question of relatives.
At £55,000 a year I will be hurting far worse than someone on £20,000 pension as I have lost a far greater annual payment.
20 June 2011, 04:10 PM
#52
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How would you feel if you had to take a drop of £55k a year?
EXACTLY!! It's the very same feeling.
And, remember that I have paid into the Pension fund at the rate of 8% a year (that's nearly £9k a year!) ... and the equivalent for 40 years back! So, I guess I am just getting back what I have paid in, at todays rates - that's fair!
EXACTLY!! It's the very same feeling.
And, remember that I have paid into the Pension fund at the rate of 8% a year (that's nearly £9k a year!) ... and the equivalent for 40 years back! So, I guess I am just getting back what I have paid in, at todays rates - that's fair!
20 June 2011, 05:12 PM
#54
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How would you feel if you had to take a drop of £55k a year?
EXACTLY!! It's the very same feeling.
And, remember that I have paid into the Pension fund at the rate of 8% a year (that's nearly £9k a year!) ... and the equivalent for 40 years back! So, I guess I am just getting back what I have paid in, at todays rates - that's fair!
EXACTLY!! It's the very same feeling.
And, remember that I have paid into the Pension fund at the rate of 8% a year (that's nearly £9k a year!) ... and the equivalent for 40 years back! So, I guess I am just getting back what I have paid in, at todays rates - that's fair!
20 June 2011, 09:02 PM
#59
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Why is it that people who struggle to make it in life think that rich people should spend all their money?
I can never figure it out ........... how do you think they got rich in the first place?
Never have I met a self-made wealthy person who wastes money!
I can never figure it out ........... how do you think they got rich in the first place?
Never have I met a self-made wealthy person who wastes money!
20 June 2011, 09:28 PM
#60
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£55k is a HUGE drop if you were earning double that!!
Let me help you get a feel for it ....
If you were on a low salary of £40,000 - and retired on £20,000, you have lost the buying power of £20,000.
If you were on £110,000 and retired on £55,000, you have lost the buying power of £55,000!!!
Can you see why it is actually a pittance? It is all a question of relatives.
At £55,000 a year I will be hurting far worse than someone on £20,000 pension as I have lost a far greater annual payment.
Let me help you get a feel for it ....
If you were on a low salary of £40,000 - and retired on £20,000, you have lost the buying power of £20,000.
If you were on £110,000 and retired on £55,000, you have lost the buying power of £55,000!!!
Can you see why it is actually a pittance? It is all a question of relatives.
At £55,000 a year I will be hurting far worse than someone on £20,000 pension as I have lost a far greater annual payment.
Why would your buying power make a difference if you haven't wasted your salary for X amount of years? Is your house that big that it will cost you a fortune in stair-lifts and walk in baths?