Friday, June 13, 2014

Numbers

Finally the numbers have come through for Gorse Fox's pension. Now he has to decide how to take the fund. Due to a) the disgraceful and disingenuous behaviour or Starfleet over the pension scheme (and as censured by the British Courts); and b) the theft of over £100Bn pounds from UK pension funds by Gordon Brown, Gorse Fox isn't getting as much as he has planned on 20 years ago. However, he is lucky compared to many.  

Now he just needs to determine how much to take as a pension, and how much to take as as tax-free lump sum. Now this is not an arbitrary decsion... one wants to be comfortable, yet have flexible options for the future. He called his brother-in-law as a sounding board and got some good advice.

Now, the sums have been done. The tax implications have been considered. The monthly and annual budgets have been estimated. Now Gorse Fox needs to sleep on it and revisit all the calculations tomorrow.

2 comments:

Pete Russell said...

Good thinking - oh and Good Luck.

If you do it right you may be able to visit us in San Fran ;)

The Gorse Fox said...

That would be nice Pete. GF loves SF, and the Silver Vixen has never been across as far as California.
Will have to sort something out once everything settles and we have moved into the new house.