BA APS pension discretionary award
Thread Starter
Join Date: Jan 2008
Location: Finland
Age: 77
Posts: 465
Likes: 0
Received 0 Likes
on
0 Posts
BA APS pension discretionary award
If any other retired members have received a letter regarding opting out, of the above, because they have Enhanced Protection (Dormant Primary) could they drop me an email please.
I am unsure of how to proceed and can not find anyone who understands the tax implications.
Alan.
I am unsure of how to proceed and can not find anyone who understands the tax implications.
Alan.
Join Date: Oct 2005
Location: uk
Posts: 141
Likes: 0
Received 0 Likes
on
0 Posts
Alan.You should have received a letter from BA detailing the implications and a form to be returned by 30th Sep.
Your choices are to Opt Out of the discretionary payment and retain your Enhanced Protection.
The default position is that if you do not Opt Out then the discretionary payment will be made and you will lose your Enhanced Protection.
BA Pension now located in Waterside.
Good luck
Your choices are to Opt Out of the discretionary payment and retain your Enhanced Protection.
The default position is that if you do not Opt Out then the discretionary payment will be made and you will lose your Enhanced Protection.
BA Pension now located in Waterside.
Good luck
Thread Starter
Join Date: Jan 2008
Location: Finland
Age: 77
Posts: 465
Likes: 0
Received 0 Likes
on
0 Posts
P4.
Yes, I got the letter, have read the gov website and think I have worked out my best option.
I will pm you tomorrow, need a glass of wine now - it is a bit later in Finland.
Alan
Yes, I got the letter, have read the gov website and think I have worked out my best option.
I will pm you tomorrow, need a glass of wine now - it is a bit later in Finland.
Alan
Join Date: Apr 2005
Location: Keynsham, spelt k e .......
Posts: 14
Likes: 0
Received 0 Likes
on
0 Posts
Alan and Phantom4,
Thanks for posting. If I had not read your comments I would have been blissfully unaware that there was a default position which would have resulted in my losing my Extended protection, dormant primary costing me many thousands I expect.
No leter received but BA Pensions advised that they would send out a replacement as a matter of urgency. That was 8 days ago and still nothing received.
Thanks for posting. If I had not read your comments I would have been blissfully unaware that there was a default position which would have resulted in my losing my Extended protection, dormant primary costing me many thousands I expect.
No leter received but BA Pensions advised that they would send out a replacement as a matter of urgency. That was 8 days ago and still nothing received.