If you are past your 12 year point you may well still get a gratuity that you would have got if you left at that point, and you are on a notice engagement after 22 so it's not really classed as a pvr and you will obviously get your immediate pension. Outwith that, you won't even get your bus fare home. (Oh remember the days where you had to pay to get out early.... when did that end?)
If you are past your 12 year point you may well still get a gratuity that you would have got if you left at that point, and you are on a notice engagement after 22 so it's not really classed as a pvr and you will obviously get your immediate pension. Outwith that, you won't even get your bus fare home. (Oh remember the days where you had to pay to get out early.... when did that end?)
If you are past your 12 year point (but haven't reached the 22 year point) you are entitled to the Resettlement Grant which currently sits at £9,246 if you are on AFPS 75 or £9,576 if you are on AFPS 05, you are also entitled to the full resettlement package (for what it's worth) of 35 days resettlement leave plus £536 resettlement allowance plus accomodation costs and 7 warrants (these can be consolidated warrants for each of the 7 weeks resettlement travel) you may be entitled to a further 3 warrants for CTW, Pension Brief and Self Employment Brief if taken up, You will also have earned yourself a preserved pension payable from age 65............ no bus fare though...... enjoy!
Another PVR question: I've got my 7.5 year cash bonanza, had it since september . I'm planning on popping my PVR in in late may/early June. Will I have to pay any/all of it back? Or does the fact that it'll take at least 12 months to get me out negate that?
Cheers chaps,
DM
If you are past your 12 year point (but haven't reached the 22 year point) you are entitled to the Resettlement Grant which currently sits at £9,246 if you are on AFPS 75 or £9,576 if you are on AFPS 05, you are also entitled to the full resettlement package (for what it's worth) of 35 days resettlement leave plus £536 resettlement allowance plus accomodation costs and 7 warrants (these can be consolidated warrants for each of the 7 weeks resettlement travel) you may be entitled to a further 3 warrants for CTW, Pension Brief and Self Employment Brief if taken up, You will also have earned yourself a preserved pension payable from age 65............ no bus fare though...... enjoy!
The commitment bonus you received carries an 18-month return of service. You could have PVR'd/given notice the day after you received it and as long as your exit date is at least 18 months after you received your bonus you are covered.
Note: The regs imply that you have to give 18 months' service from the date you received your bonus; if push came to shove I think it likely you could get away with 18 months after the bonus was due.
.....the full resettlement package (for what it's worth) of 35 days resettlement leave ....
I presume those figures quoted will be subject to tax?
Tax Free My Friend.
TBJ don't forget about the YTSs who joined up at Hereford, not one of them myself though.
YTS were going through Hereford until the late 80's even into the early 90's was at a Rock Training Camp in 91 and we had a Food Blander (Cook) who was Young Thick & Stupid so would still be relevant TBJ