Harry
If you no longer want to track the pension fund as an asset then you have to
create a transactions which removes it from your Assets and Equity. E.g.
Debit Credit
Equity xxxxx
Asset:Pension Fund xxxxx
assuming there are no costs involved that you need to expense.
I originally tracked my pension as non-taxable income but as my fund
provides me with a statement of investment earnings less tax paid on those
earnings, any fees and charges made by the fund and a schedule of pension
payments every 6 months, I continued to track its performance. I am required
to draw a percentage of the fund capital as a pension which varies on an
increasing schedule starting from my retirement date which is a condition of
the tax free status of the pension I receive (all inputs to the fund were
taxed on entry and all earnings are taxed in the hands of the fund
mananger). I can still control the investment mix to a limited extent from a
range of preset options, so I still have some interest in tracking the fund
performance as my pension will cease when the fund balance falls to 0 and I
don't want that to come as too much of a surprise if earlier than originally
planned.
David Cousens
-----
David Cousens
--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
_______________________________________________
gnucash-user mailing list
[email protected]
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
