BA APS pension discretionary award

[finncapt]

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.

[Phantom4]

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

[finncapt]

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

[Phantom4]

No probs Alan
Bus driver01 Oh Dear,get some time in sunshine

[Horace Batchelor]

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.

[Phantom4]

Ring them 020 8538. 2100.

[Horace Batchelor]

Thanks for the number Phantom4. Just got off the 'phoneto BAP and they will send it off to me today.