Commitment bonus

Discussion in 'Army Pay, Claims & JPA' started by danny842003, Apr 28, 2009.

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  1. Ive heard a lot about the new commitment bonus. And much of what i have heard contradicts itself. I joined on 2nd july 2006.
    When can you get them and how much are they at the different points? Also how much are they likely to be after Darling has had his share?
     
  2. If you have DII access try searching the Defence Intranet - it's all on there in black and white.

    That's how the SPS find out things they don't know - try it sometime you may be surprised how much is out there.
     
  3. Yeah cheers for the tip, only i dont have DII access thats why i asked on here.
     
  4. Danny,

    what have you heard? Might be easier to say yes or no to that rather than trying to explain the very complicated new bonus scheme!

    ET
     
  5. You qualify for your CB bonus once you have completed 4 x years service.

    Over the next 4 x years you can take up to £15000. Either wait and take the full £15000(before tax) at the 8 year point or take it in instalments starting at the 4 year point.

    However, if you choose to take the CB at the 4 year point in instalments then you will not get the full amount over the next 4 years. The system is trying to tempt you to take nothing until the 8 year point so getting 4 years of work out of you! Makes perfect sense.
     
  6. You only get two bites at the cherry ,so it depends when you take the first lot of money. If you don't take anything until your 8 year point you will get 15,000 less tax and ni ,it will depend on what the ni and tax is at the time