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Compulsory to tell the Govt how your pension was spent!?

#1
Just had a letter from AFPAA wanting to know details about how I spent my lump sum! I know the rules changed, but we were led to believe that the only impact it would have was on 2* and upwards officers - it now appears that HMRC want to know if I have reinvested it in another pension or savings scheme, and if I have, they want 40% back, despite my pension being worth only 14% of my lifetime allowance! Since when should we have to justify what we spend our money on once we have earned it? Naturally, I didn't recycle my money, unless you count a conservatory, car, etc....

Anybody else had one of these "sign here" letters yet?
 
B

Biscuits_AB

Guest
#2
What business is it of thiers what you did with your money? HAve they explained why they want to know? If I get one, it's on its way to the press.
 

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