Originally Posted by
VinRouge
Al,
so so in short, those on AFPS75 past IPP who were forced onto 15 (despite not being given the option to leave with preserved defined benefits at IPP), are now looking at getting their pension and gratuity uplifted back to 75 levels?
If those individuals were not previously going to cross lifetime and annual limits, will they be now liable as this could be seen as increasing the imaginary, made up, non-existent and Sir Humfrey led GAD derived AFPS personal pension pot by “x” in one year?
So so in short, will people be hit with annual limits if previously under the old scheme, with an unfettled AFP’s 75 they would not?
Lots of unanswered questions - many by people who are no longer in who have access to DINs and quite frankly, I don’t trust the F@ckers to manage this correctly or in my interest now I am out.
As to the quantum of what I lost on a personal level, that now appears owed, a lump sum of 20k gratuity and around 130 quid extra per month. Thieving barstewards.
Vin Rouge,
That was my question to FPS when I asked if it was better to pay the tax or wait out via Scheme pays given the potential future changes. The reply that came back was effectively we just don’t know, at this stage it’s too complicated with too many unknowns.