NEM - too many unknowns....
So, I will be in similar position to the example at the top of the page posted by 'just this once...', yet the online LTA calculator running alongside the forces pension calculator indicates I'll be well clear of the threshold....hmmm.
With this being such a complex matter, I doubt there are many FAs that will be up on the detail in the timescale provided. Although at present I plan to take the offer, I only got my paperwork today and will be applying for an extension to enable me to seek appropriate financial advice and suggest others do the same. There are far too many repercussions and unknowns about the whole NEM to make such decisions in haste.
Additionally, if they have now extended the PAS by 5 years, then shouldn't they also extend the pay scale by the same amount.....just sayin'