I must have got it wrong somewhere, I blame my career's advisor, I don't recollect him mentioning any career with such a generous pension scheme. Don't forget the £265k will most likely be after income tax, so gross pension could be closed to £450k pa.
Whilst it is immediate good news with a cap, it seems they are merely spreading the peak cost of the next couple of years over the next 15 years, so whilst immediately lower bills we will be pay more than we would have for the other 13 years or so of the deal to allow them to claw the peak costs back. Hopefully its enough to stop these continuous almost self fulfilling press coverage of the impending recession.........we need confidence in our ability to weather this storm and keep spending our way out of it, than continuously looking down a barrel of doom and gloom.
Last edited by JohnHarris; 09/09/22 06:35 AM.
