Furlough

[clearedforlanding]

Facebook is becoming the new linked in for announcing redundancies today from friends.

**** me, that is outrageous.

Seems like they got a taste of what 20 years contracting was like.

[SunnyInHades]

£2500 a month to do feck all!!!

The humanity!


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For those on the £2,500 max it offers a better lifestyle than a millionaire taking out an annuity pension**

Millionaire taking an 'annuity' pension, monthly analysis:
Fund size at commencement: £1,000,000
Retired: Yes
Work done: None
Income: £1,750/month [£21,000/year annuity .. assumes inflation protection and surviving spouse pension included. Annuity would be approx 'double' without these]
Additional notes: The retired millionaire is often mature and interested in less energetic, more relaxing pursuits.


Furloughed employee, monthly analysis:
Fund size at commencement: Unlimited 'magic money tree' due to quantitative easing (BOE prints it, BOE buys bits of paper from Sunak (bonds), Sunak splurges it out)
Retired: No
Work done: None
Income: £2,500/month [max payment]
Additional notes: The furloughee is often young and interested in raving, shagging, drinking, going to the beach and jumping off Durdle Door.

**There are thankfully now many alternatives to a traditional annuity pension .. including 'Lambo 'ere I come' income drawdown...
"Income drawdown is one of your options for using your pension when you reach retirement. It means leaving your pension money invested and taking cash as and when you need it. It's the main alternative to buying an annuity with your pension money"

[PurpleGorilla]

Crazy - we will be paying this back for years!


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[NotAllThere]

Losing 20% of income should be enough to feck up most peoples finances

Only poor people surely?

[DimPrawn]

The furloughee is often young and interested in raving, shagging, drinking, going to the beach and jumping off Durdle Door.

To be fair, I'm getting on a bit and still interested in most of those things.

[AtW]

To be fair, I'm getting on a bit and still interested in most of those things.

Are you going to your local Covid-19 parteee?

Probably the best time to catch it, if you fancy your chances vs flu-like virus, might just give you sniffles innit

[GhostofTarbera]

Crazy - we will be paying this back for years!


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Not me, my £50K BBL will be my compensation


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[Old Greg]

For those on the £2,500 max it offers a better lifestyle than a millionaire taking out an annuity pension**

Millionaire taking an 'annuity' pension, monthly analysis:
Fund size at commencement: £1,000,000
Retired: Yes
Work done: None
Income: £1,750/month [£21,000/year annuity .. assumes inflation protection and surviving spouse pension included. Annuity would be approx 'double' without these]
Additional notes: The retired millionaire is often mature and interested in less energetic, more relaxing pursuits.


Furloughed employee, monthly analysis:
Fund size at commencement: Unlimited 'magic money tree' due to quantitative easing (BOE prints it, BOE buys bits of paper from Sunak (bonds), Sunak splurges it out)
Retired: No
Work done: None
Income: £2,500/month [max payment]
Additional notes: The furloughee is often young and interested in raving, shagging, drinking, going to the beach and jumping off Durdle Door.

**There are thankfully now many alternatives to a traditional annuity pension .. including 'Lambo 'ere I come' income drawdown...
"Income drawdown is one of your options for using your pension when you reach retirement. It means leaving your pension money invested and taking cash as and when you need it. It's the main alternative to buying an annuity with your pension money"

How old is the millionaire on retirement?

[OwlHoot]

Poor bastards...



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They may well catch Covid, but on the plus side they've topped up their vitamin D in the sun to deal with it!

[PurpleGorilla]

They may well catch Covid, but on the plus side they've topped up their vitamin D in the sun to deal with it!

They look really worried about catching Covid.


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