SP, many thanks for that, there are quite a few in one of the Whatsapp groups that are concentrating on this. I've recently asked my B&TA, who has a pretty good handle on all things finance, so if he says he doesn't fully understand it, then it's time for the paid experts. I did read yesterday, on one site, that it's common to receive the letter after a promotion, or at a pension point? I don't know where PAS fits into this, as it's circa £1100 each year. What this does do is focus my mind acutely to my PP, as whilst it's been said above that you will always be better off in our scheme, it takes away the 40% tax present that is so rare to find these days! Perhaps VR or ADC is the way ahead?! OR I could just retire as I've spent 33 years planning for!!
Just out of interest did the SoS for Defence say during the election it was one of things he wanted to sort, after he sorts the pipeline (RAF), ship availability and army recruitment?!!