I'm sort of hoping that changes to lump sum taxation will be limited to just lowering the threshold from £400k+ that it is now to something that still won't penalise humble folk like us. Wouldn't put it past the buggers though.
A very "me specific" question:
What do you reckon will happen to the PA pension of someone who hasn't done 5 years on the scheme when the changes occur. I suppose they could say that I didn't do 5 years on the scheme and therefore revert to an unenhanced pension.
Not much point in staying in if that's the case ( unless I want to serve until 60!!)
It strikes me that if you won't get paid anything on pension 2015 until your 60th birthday, the retention aspect of the new AFPS will be zero.