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 you retired before ‘A-Day’ (ie when Lifetime Allowance (LTA) was introduced), your pension has never been assessed for LTA – therefore your reaching Age 55 and having your annual inflationary applied to your pension income will trigger your first BCE (Benefit Crystallisation Event). If you join the Forces Pension Society they can offer a full explanation of how this will work for you.