Are PIA letters void if you subsequently return to 05
Thanks for the posts above, one may have inadvertently hit my nail.
With the McCloud judgement going through, we will probably all get the chance to return to previous schemes until 2022, for instance 05 which was a much slower accrual rate compared to 15. So, and I am a novice, that will reduce my PIAs back to 2015, and consequently the letter I have from Glasgow is not accurate until I make that decision, if that’s my final choice? Whilst I understand an end of year tax return is for the end of a FY there’s now a strong possibility tax returns may have to be revisited by some who return to 05.
I may have this totally this wrong, but to me, 05 with its slower accrual rate (1/70 versus 1/47) is quite the deal if I’m going to leave before I make age 60.