Portsmouth fc

[exileinleeds]

However, by paying into a pension fund...

There is someone here much better qualified than I to give up to date rates, but iirc, any UK tax payer under the age of 40 can pay up to 17.5% of their earnings into a pension fund- they then receive tax relief at the highest rate they pay (or maybe it's limited to those paying only 40%)

So a player earning 10k a week, would be allowed to put £1750 into a fund- to which the taxpayer adds 40% = £2450 into a retirement fund...

Anyone can live on the difference, can't they?

[Dare to Dr£am]

However, by paying into a pension fund...

There is someone here much better qualified than I to give up to date rates, but iirc, any UK tax payer under the age of 40 can pay up to 17.5% of their earnings into a pension fund- they then receive tax relief at the highest rate they pay (or maybe it's limited to those paying only 40%)

So a player earning 10k a week, would be allowed to put £1750 into a fund- to which the taxpayer adds 40% = £2450 into a retirement fund...

Anyone can live on the difference, can't they?

Not Matthew Etherington.

[Tony Le Mesmer]

Up until last year you could pay 100% of your earnings into a pension fund. Thats now capped at £50k a year.

Footballers can "retire" at 35 and draw a pension. So unless you've got a career plan after football id say a lot of players would pay a huge chunk of the earnings into a pension fund. Which you cant get hold of until you retire.

[Hoop Blah]

This offshore trust that Ashdown gets his money paid into, can someone provide a link about it? Because the offshore trusts clubs use to avoid tax only work for foreign players don't they?

He doesn't say it's in an offshore trust.

Yes he does

Ashdown had just broken into the first team at Reading and decided to take the money on offer at PFC. Do I feel sorry for him? Of course not. Do I feel sorry for him that so much of his money is tied up in an offshore trust? Of course not. Am I sorry that he can't get his hands on the money held in trust for him? Of course not! All the players know they are ripping UK PLC off in terms of unpaid tax and they don't give a toss.

By he I mean TB, if you mean Ashdown then that answers my question that TB has in fact got it wrong

My 'he' was Ashdown, and he doesn't say it's an offshore trust. I was just pointing that out for you and TB.

[Geekins]

Pompey won't get a loan player in before tonights game due to the club loaning him out say he's not available until next week... No names who it is though.

[Royal Lady]

Up until last year you could pay 100% of your earnings into a pension fund. Thats now capped at £50k a year.

Footballers can "retire" at 35 and draw a pension. So unless you've got a career plan after football id say a lot of players would pay a huge chunk of the earnings into a pension fund. Which you cant get hold of until you retire.

I'm not entirely sure that is correct. They retire from the game at a young age, certainly, but I'm pretty sure they can't draw a pension. If they retire through injury, their insurance pays out, but if they retire due to being too old/crap to play at a high level anymore, I didn't think they could draw a "pension" per se. That's why so many of them are in other jobs now shirley?

[Silver Fox]

Back in my Pru days we learnt that certain professions could take their pension early, footballer was one, doubt that's changed RL

[Royal Lady]

Oh, I stand corrected then. Soz gr8 m8s.

[Hoop Blah]

They won't be able to take their state pension surely? It's uust their personal pension they can take early isn't it? So those ex-pro's that you see working are those that didn't earn the vast sums todays average Joe's can and so they have to work because they couldn't afford to put enough into a pension to cover them for 50 years of non-working.

[M-U-R-T-Y]

Oh, I stand corrected then.

[Royal Lady]

They won't be able to take their state pension surely? It's uust their personal pension they can take early isn't it? So those ex-pro's that you see working are those that didn't earn the vast sums todays average Joe's can and so they have to work because they couldn't afford to put enough into a pension to cover them for 50 years of non-working.

Yes - this is why I was wrong - I was thinking of state pension. And even a private pension won't be much for those who played before big wages came in - their pension pot has to last 30 years longer than most people so won't be a huge amount in a lot of cases.

[Hoop Blah]

Thanks for the clarification there RL...

[Mr Angry]

And as for those saying Piqiuonne is rubbish, I suggest you take a look at his goal for Donny Rovers last night.......

[Royal With Cheese]

And as for those saying Piqiuonne is rubbish, I suggest you take a look at his goal for Donny Rovers last night.......

Anyone can put their foot through a ball. Look at Andy Hughes's screamer against Wolves. Doesn't change anything.

[Royal Lady]

Thanks for the clarification there RL...

Sorry yes. I more or less put what you put, but with different words. Having a 'mare today - trying to type responses whilst also answering the phone - won't be long before I say "'greed" or something down the phone in error.

[FiNeRaIn]

And as for those saying Piqiuonne is rubbish, I suggest you take a look at his goal for Donny Rovers last night.......

Yes, lets ignore his previous 100 appearances and judge him on the back of one goal.

nice logic brohan.

[Schards#2]

Judging by last night, Portsmouth's players seem to have thrown in the towel.

LOL @ the "12 The Great Escape" shirts I saw several Pompey fans wearing. The certainly won't be escaping relegation and I'm increasingly convinced they won't escape winding up.

[Tony Le Mesmer]

Up until last year you could pay 100% of your earnings into a pension fund. Thats now capped at £50k a year.

Footballers can "retire" at 35 and draw a pension. So unless you've got a career plan after football id say a lot of players would pay a huge chunk of the earnings into a pension fund. Which you cant get hold of until you retire.

I'm not entirely sure that is correct. They retire from the game at a young age, certainly, but I'm pretty sure they can't draw a pension. If they retire through injury, their insurance pays out, but if they retire due to being too old/crap to play at a high level anymore, I didn't think they could draw a "pension" per se. That's why so many of them are in other jobs now shirley?

For specialist professions you can draw a pension from as young as 35 instead of 60 or 65.

[buzzby]

http://m.portsmouth.co.uk/sport/pompey/pompey-past/exclusive-pompey-should-be-able-to-finish-rest-of-season-1-3598825

Hope the link works. The football league have released money to allow Portsmouth to finish the season.

[FiNeRaIn]

So basically, other people are paying for them yet again?

How do we get the FA removed and changed to a democracy, there are other motives here which go beyond football and law now.