News story on BBC

[AB-UK]

Originally Posted by Crockers

God my heart bleeds for you. Say the car is £70k. That is £400 extra tax a month. You try leasing / buying the car with insurance and tax and maintenance for that.

Before you attack me I spent most of my working life with a company car, and always thought it was a bargain compared to buying my own.

Spare a thought for those of us in public services and related services who will never be offered a company car!!!

We have to buy cars with our hard earned savings with absolutely no tax relief or benefits.

[Philip Fisher]

Originally Posted by AB-UK

Spare a thought for those of us in public services and related services who will never be offered a company car!!!

We have to buy cars with our hard earned savings with absolutely no tax relief or benefits.

But typically with a final salary pension scheme to look after the future.....

[redbuta]

Not any more.

Defined contribution now...

Originally Posted by Philip Fisher

But typically with a final salary pension scheme to look after the future.....

[Philip Fisher]

Originally Posted by redbuta

Not any more.

Defined contribution now...

That's not so good. Must have good acrued benefits from before they closed it though?

[Ukwide]

Originally Posted by Philip Fisher

But typically with a final salary pension scheme to look after the future.....

Actually, the final salary pension scheme is based on the lowest salary in that pay scale, so if the pay scale goes from £18k to £27k, the FSP is based on £18k. so yeah big money! oh and the average Civil Servant is on circa £24k (they've always been paid less because they get certain perks like a FSP).

My wife's monthly pension is £440 that's the FSP from a £25k pa Civil Service pension...……….

Gary
Salisbury

[Crockers]

Originally Posted by Ukwide

Actually, the final salary pension scheme is based on the lowest salary in that pay scale, so if the pay scale goes from £18k to £27k, the FSP is based on £18k. so yeah big money! oh and the average Civil Servant is on circa £24k (they've always been paid less because they get certain perks like a FSP).

My wife's monthly pension is £440 that's the FSP from a £25k pa Civil Service pension...……….

Gary
Salisbury

All dependant on years of service. I agree Teachers, Civil Servants were paid less but got job security and a good pension. Now that's gone and can be firmly laid on politicians of both parties who went for short term political votes.

Most FS were loosely based on the civil service scheme of 40 years service. Then getting a lump sum of 1.5 x the final salary and 50% pension. Or no lump sum and 2/3rds pension.

But no car...🙀

We are a strange country whereby the car industry is underwritten by company cars. Maybe under Brexit company cars would have to be assembled in the UK. Lol

[AB-UK]

Originally Posted by Philip Fisher

But typically with a final salary pension scheme to look after the future.....

I wish !

I've had to work and save hard for my Volvos. Especially the last 2 XC90s.
I'd really love a new model XC90, but Volvos leap into the luxury SUV market has put paid to my chances.

Yes I know - can't you just hear those violins.

[gaby]

Originally Posted by Crockers

We are a strange country...

It won't be easy to find someone that says otherwise
But being a Belgian citizen, I have to admit that your country isn't the only strange one

[GreenBrick]

Originally Posted by NewV90Owner

(Please don't think I am a diesel defender).

Why would I think you were a type of land rover??? lol

[Quacker]

Originally Posted by gaby

It won't be easy to find someone that says otherwise
But being a Belgian citizen, I have to admit that your country isn't the only strange one

At least you have chocolate as a backstop. Yum yum!