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BA APS pension discretionary award

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BA APS pension discretionary award

Old 24th Jul 2019, 11:55
  #1 (permalink)  
Thread Starter
 
Join Date: Jan 2008
Location: Finland
Age: 74
Posts: 465
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.


finncapt is offline  
Old 24th Jul 2019, 15:40
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Join Date: Oct 2005
Location: uk
Posts: 87
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

Phantom4 is offline  
Old 24th Jul 2019, 16:54
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Join Date: Jan 2019
Location: Surrey
Posts: 477
Originally Posted by Phantom4 View Post
BA Pension now located in Waterside.
Good luck

All of those lovely big pensions are at Waterside?




覧覧覧覧覧

鉄torm Waterside! They can稚 stop all of us!
Busdriver01 is offline  
Old 24th Jul 2019, 17:12
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Thread Starter
 
Join Date: Jan 2008
Location: Finland
Age: 74
Posts: 465
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





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Old 24th Jul 2019, 17:44
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Join Date: Oct 2005
Location: uk
Posts: 87
No probs Alan
Bus driver01 Oh Dear,get some time in sunshine
Phantom4 is offline  
Old 6th Aug 2019, 12:24
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Join Date: Apr 2005
Location: Keynsham, spelt k e .......
Posts: 14
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.
Horace Batchelor is offline  
Old 7th Aug 2019, 07:48
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Join Date: Oct 2005
Location: uk
Posts: 87
Ring them 020 8538. 2100.
Phantom4 is offline  
Old 8th Aug 2019, 12:20
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Join Date: Apr 2005
Location: Keynsham, spelt k e .......
Posts: 14
Thanks for the number Phantom4. Just got off the 'phoneto BAP and they will send it off to me today.
Horace Batchelor is offline  

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