Originally Posted by
Lima Juliet
Countdown begins
I think you may be a bit muddled with your logic? AFPS15 is 1/47th so will not decrease, but increase, your Pension Input Amount (PIA). So reverting to AFPS05 at 1/70th could well reduce your PIA. However, I believe that few get close to the Annual Allowance maximum of £40k with AFPS15 or AFPS05 - it is usually the AFPS75 lurking in the background that is the killer. That is my understanding anyway - and I’m happy to be proved wrong!
Good post, Lima, and I agree with 05 being the slower burner. Just for interest I know of a couple of NCA MAcr that were moved onto 15 coming within a couple of £1000 of the AA on promotion. There’s probably more, but if you aren’t sent a letter, then why ask.. there could be quite a few close to the AA on 15 without knowing. I think they had to write to find out, so I should imagine Glasgow PIA department is going to get asked to re-run their calculations soon.