Barclays bank is accused of using money saved from the closure of its pension
scheme to offset bonus tax.
The bank made a net annual profit of £221m last year from closing its final
salary scheme to existing members, almost exactly the same amount as the £225m
tax it paid to cover the £2.2bn of incentives to staff, the
The news could spark outrage from branch workers who balloted to strike over
the removal of their benefits especially as it matches the “one-off” bonus tax
A spokesman told the Telegraph: “The changes to the Barclays pension
scheme were made before the end of 2009 and hence before any decisions were made
regarding discretionary compensation or the [bonus] tax.”
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