Welcome to E-Goat :: The Totally Unofficial Royal Air Force Rumour Network
Join our free community to unlock a range of benefits like:
  • Post and participate in discussions.
  • Send and receive private messages with other members.
  • Respond to polls and surveys.
  • Upload and share content.
  • Gain access to exclusive features and tools.
Join 7.5K others today

Government is considering reducing the Lump Sum Allowance level on the 30 Oct Budget

  • Following weeks of work, the E-GOAT team are delighted to present to you a new look to the forums with plenty of new features. Take a look around and see what you think!
Trending This Week
View More Trending
If true (hopefully not) then yet another benefit of service, your lump sum, will be reduced or removed.
 
Don't buy a house,
Don't buy a car,
Save your money,
And PVR now as there'll be **** all left at the end of it if Rachel Reeves gets to dig her claws in.......
 
Spearmint said:
Don't buy a house,
Don't buy a car,
Save your money,
And PVR .....
Click to expand...
:DThe door of trap 3 airmans bogs 7 Sqn sunny ST Athan way back in the day had an older version but conveyed exactly the same sentiment. Just swap Video for House
 
I took partial retirement last month and my lump sum is received and invested. If true, I can see a lot of folk doing likewise at my place.
 
They are on about capping the lump sum, and the figure they are soak testing is £100,000, so not a lot of non commissioned need worry.
Those that have DC/ decent pension funds as well may meet the cap.
 
Like the winter fuel payment to have any meaningful revenue impact this needs to come down lower than expected, it looks like the public sector may be protected, so the burden will fall on those with the less beneficial DC private sector pensions.

Personally I think they need to leave private pensions alone, especially after the damage GB did.
 
Cooheed said:
Labour, in power, equates to pension raids in all it's forms.
Click to expand...
And the Tories increased the amount pension funds paid out on retirement? 🤣🤣🤣🤣

Have you heard of the McLoud judgement?

Do you know which Government started to use the lower CPI rather than RPI for calculating pension payments?
 
muttywhitedog said:
And the Tories increased the amount pension funds paid out on retirement? 🤣🤣🤣🤣

Have you heard of the McLoud judgement?

Do you know which Government started to use the lower CPI rather than RPI for calculating pension payments?
Click to expand...
Enlighten me......
 
Had notice of this year's MOD Pension rise....1.7% - I'm wondering which months I can afford a Mars Bar in...
.
 
Captain Kirk said:
They are on about capping the lump sum, and the figure they are soak testing is £100,000, so not a lot of non commissioned need worry.
Those that have DC/ decent pension funds as well may meet the cap.
Click to expand...
Mine is projected to be £104,120 as a techie, if, i stay in till 59. Pension is 40K
 
You must log in or register to reply here.
Back
Top