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Search: Posts Made By: Lima Juliet
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Forum: Military Aviation
13th Oct 2019, 13:24
Replies: 83
Views: 43,982
Posted By Lima Juliet

[/left] That is what the McCloud case is all...

[/left]
That is what the McCloud case is all about. There may well be some rebate of what you think you have lost. I suggest you follow the case with interest (it will take a couple of years!).
...
Forum: Military Aviation
13th Oct 2019, 10:35
Replies: 83
Views: 43,982
Posted By Lima Juliet

But isn’t that the point VinRouge - there is no...

But isn’t that the point VinRouge - there is no risk with AFPS (apart from some sort of armageddon) whereas even with the most stable private plans there is always risk of collapse. Ask Mrs LJ, her...
Forum: Military Aviation
13th Oct 2019, 10:12
Replies: 83
Views: 43,982
Posted By Lima Juliet

You’re missing the point VinRouge . It is not...

You’re missing the point VinRouge . It is not about what the pension will pay you, it is what the pension will COST YOU. So if the private pension market performance is poor (which it is), then the...
Forum: Military Aviation
13th Oct 2019, 10:09
Replies: 83
Views: 43,982
Posted By Lima Juliet

You are only taxed if your notional pension...

You are only taxed if your notional pension contribution goes above £40k. So your basic pay would need to be ~£64k to be above the threshold where you might pay. But there are also many variables...
Forum: Military Aviation
13th Oct 2019, 09:54
Replies: 83
Views: 43,982
Posted By Lima Juliet

VinRouge I think I have an explanation for...

VinRouge

I think I have an explanation for both. Firstly, the ‘pension pot’ to which you refer. It isn’t really a ‘pot’ as you have correctly pointed out, it’s more of an IOU from HM Treasury. ...
Forum: Military Aviation
12th Oct 2019, 17:09
Replies: 83
Views: 43,982
Posted By Lima Juliet

VinRouge Agreed, but you can leave at...

VinRouge



Agreed, but you can leave at 55 with an EDP and have 25 years of reasonable health until it starts to go downhill a bit in your 80s. You don’t have to go full term to enjoy the...
Forum: Military Aviation
12th Oct 2019, 16:36
Replies: 83
Views: 43,982
Posted By Lima Juliet

Professor Plum I think you are asking...

Professor Plum



I think you are asking what pension contributions you would need to make to get a similar work-place pension? If so, the Govt Actuaries Dept (GAD) believe that to be 63.5% of...
Forum: Military Aviation
10th Oct 2019, 18:00
Replies: 83
Views: 43,982
Posted By Lima Juliet

Ballistic Profile Have a read of this chum,...

Ballistic Profile

Have a read of this chum, it might help explain some more for you: https://forcespensionsociety.org/news/it-cant-possibly-be-right-can-it/

The really good advice is this bit:
Forum: Military Aviation
10th Oct 2019, 17:50
Replies: 83
Views: 43,982
Posted By Lima Juliet

VinRouge How much for ‘a gash shag line...

VinRouge

How much for ‘a gash shag line pilot’ - well seeing as they would be on PAS Level 30 which is around £80k/year pensionable at age 50(ish) onwards then the figures will be pretty similar....
Forum: Military Aviation
10th Oct 2019, 14:07
Replies: 83
Views: 43,982
Posted By Lima Juliet

VinRouge To get the AFPS15 return at age 60...

VinRouge

To get the AFPS15 return at age 60 as a Sqn Ldr PAS or Wg Cdr you would need to invest ~£3,500/month after tax - that is about £5k/month before tax. So, if you invest £42k a year you...
Forum: Military Aviation
9th Oct 2019, 21:58
Replies: 83
Views: 43,982
Posted By Lima Juliet

Crikey matey, have you been living in a cave? ...

Crikey matey, have you been living in a cave? OF-5s have had this for the past 4-5 years and even some OF-4s with odd career profiles and AFPS75/15 pensions too.

Anyway, here is a page of...
Showing results 1 to 11 of 11


 
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