The nice people at Innsworth have now provided me with an illustration. As I'm on pre-1980 terms, were I to commute the max under Life Commutation the 2 options are:
1. PVR to be out on 31 Mar 03: Terminal grant of £61380 plus max LCS of £43930 makes £105310 plus an annual pension of £17740.
2. Hang around to NRD, risking the thieving Labour government taxing the LCS commutation and terminal grant: TG of £65900 plus max LCS of £40840 makes £106740 plus an annual pension of £19270.
The question is, therefore, is it worth the extra £1430 lump sum and £1530 p.a. pension to stay until NRD, against the risk of the total lump sum being hacked into by the taxation ideas of this so-called government?
Now have the ATPL/IR in the back pocket and access to £100K assured. I will need some pretty robust convincing to stay - and this is nothing at all to do with QoL or other service issues - whilst Gordon-the-greedy hangs his Damoclean sword over our heads. And quickly......