No actually, the income we get not including expenses is not all pensionable. Even if we are able to hit all targets and get
intended net renumeration, only 60% is pensionable. However I concede that it is then the best pension scheme in the world, so it
balances out.
Thanks for the tip about the modem software. I'll report to the list when I have tried a few.
Trefor
> -----Original Message-----
> From: [log in to unmask]
> [mailto:[log in to unmask]]On Behalf Of John Clegg
> Sent: 15 December 1998 09:30
> To: [log in to unmask]
> Subject: RE: Make it so!
>
>
> Hang on just a cotton-pickin' minute.....
>
> > half our income is non pensionable
> > we retain responsibility for the actions and ommissions of
> employed staff far beyond any other employer might
>
> Half your income is not pensionable because it is reimbursement of
> expenses - not income. As a company director I can pay a personal pension
> only on what I am paid, not on the gross income of the company - and the
> benefits are not a patch on your NHS pension.
>
> And as an employer I can assure you that I am completely liable for the
> torts of my employees acting on my behalf, as are you.
>
> Bleat if you want - but please bleat about the bleatworthy things!
>
>
> John Clegg,
> Nailsea, Bristol, England [log in to unmask]
> Homepage at http://www.nailsea.net
> "Life is what happens to you while you're busy making other plans" - JW
> Lennon
>
>
>
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