Originally Posted by
Don Coyote
I left the RAF in 2000 after 16 years and took maximum commutation, my pension jumps up next year at 55.
Does anyone know if this has an impact on my personal Lifetime Allowance given that the pension was in payment prior to 2006?
I did ring the Veteren pension number but the person I spoke to did not sound too confident and I thought I might get a second opinion from here.
Thanks in advance
As I understand it, the value of your service pension was set when you started to take it, using the formula above you can work out roughly how much of your LTA has been used. If you have a current pension scheme, that pot value has to be added to calculate your LTA.
If you think you might be close it would be worth joining the Forces Pension Society - they helped me more than SPVA ever did. There was some way you could apply to protect your LTA but that is beyond my pea brain.