German account and the current FFR

#1
For the last 2 months since the FFR went to 1.17, Ive noticed a drop of about €150 in pay per month (Dec & Jan). The LOA has been put up to balance the falling £ and of course then there is the reduction in LOA perse. This still does not answer the fact that I still have lost out by the said amount before and since the LOA cut. Is LOA not to balance out pay to ensure that the same amount is generally received each month dependant on the FFR?

I have my pay go into a German bank account which I know is my own choice. However I should not loose pay in the process considering that prices have not dropped over here. It becomes heavy when a bread roll over here costs about UK 43p.

Can anyone shed light on this matter or has anyone else come accross this problem?
 
B

Biscuits_AB

Guest
#2
Hey, you jumped on the gravy train mate. Sometimes it runs, sometimes it breaks down. That's life.
 
#3
When you were getting a pretty good exchange rate and living the dream on an extra few quid, did you complain that it was far too much and pay some of it back?


thought not
 
#5
43p for a bread roll for fcuck sake, stop shopping in the Naafi. Aldi Germany do a loaf of bread for 45 cents. Looking at the rest of the prices on the Aldi Germany site, its still much cheaper than Aldi over here and thats where a load of us have to shop cos we are too pikey for tescos. Dont know if you realise but there is a recession on and everyone is feeling the pinch. You get cheap booze, ciggies, cars and fuel and have the opportunity for loads of holidays and travel throughout Europe. Stop fcucking whinging and get on with it.
 
#6
Pay for December should have been roughly in balance with November. As you say, FFR went down so LOA went up to balance. I don't know the precise details but how close to an exact balance you stay depends on the proportions of pay that you bring to Germany and leave in UK. The less you bring to Germany the more likely you are to "lose" money. Looking quickly at my own "Germany pay packet" I got more in Dec than Nov, this month's went into the bank today and has dropped back to the Nov rate or thereabouts.
 
#9
Why is it that whenever anybody posts a subject about money, ffr, loa, exchange rates, cola or prices in Germany it always turns into a Naafi slanging match?

By the way I know the answer to my question.
 
#10
What about the poor buggers who are still getting paid into their British accounts?

It's not as if they have an advantage. You are still getting a better exchange rate than anyone outside the forces, so stop bitching and man up.

BTW, I get paid in Euro's it's fcuking great!!!
 
#12
It is shocking, however lets not loose sight of why we get LOA, its about the differences in the cost of living between the UK and where you are, not so that you get the same amount of money in your account each month.

I'm quids in, my Army pension goes into my UK bank account and stays there, my pay in the fatherland is a set rate of euros per month regardless of the exchange rate, so while its nearly 1 for 1 I'm almost challenging David Beckham for who makes the most each month, but its swings and round-a-bouts, a couple of months ago my pay if I converted it into pounds was a third less than it is now.
 
#13
Filbert - you are almost righti in your first paragraph! LOA is indeed there to maintain a standard of living comparable to that we would enjoy in the UK. However the reason LOA varies when FFR changes is precisely to keep that in balance - just because good old stirling is 1:1 with its "baby brother" the Euro doesn't change the price of a bread roll in Kaisers. This means that these fluctuations in LOA are there precisely to keep the cash the same month by month - that is until someone decides that the base LOA shoppping basket costs less in Germany than it used to and therefore the differential is less, as just happened.
 
#14
Scaly_Officer said:
Filbert - you are almost righti in your first paragraph! LOA is indeed there to maintain a standard of living comparable to that we would enjoy in the UK. However the reason LOA varies when FFR changes is precisely to keep that in balance - just because good old stirling is 1:1 with its "baby brother" the Euro doesn't change the price of a bread roll in Kaisers. This means that these fluctuations in LOA are there precisely to keep the cash the same month by month - that is until someone decides that the base LOA shoppping basket costs less in Germany than it used to and therefore the differential is less, as just happened.
Your pay IS the same every month its just that you have elected to recieve it in euro's

Any individual that is serving and has the bolls to tell me that his standard of living in Germany under current arrangements is not as good as it would be were they in the UK is a lying bar steward.
 
#15
once_a_maverick said:
Scaly_Officer said:
Filbert - you are almost righti in your first paragraph! LOA is indeed there to maintain a standard of living comparable to that we would enjoy in the UK. However the reason LOA varies when FFR changes is precisely to keep that in balance - just because good old stirling is 1:1 with its "baby brother" the Euro doesn't change the price of a bread roll in Kaisers. This means that these fluctuations in LOA are there precisely to keep the cash the same month by month - that is until someone decides that the base LOA shoppping basket costs less in Germany than it used to and therefore the differential is less, as just happened.
Your pay IS the same every month its just that you have elected to recieve it in euro's

Any individual that is serving and has the bolls to tell me that his standard of living in Germany under current arrangements is not as good as it would be were they in the UK is a lying bar steward.
You have got to say he has a point. People are whinging because they are receiving 'less' but in actual fact still have far more disposable income than they would if in the UK. You are just a mug if you shop in the Naafi.
 
#16
This exchange rate hits everyone who lives abroad and receives a pension salary paid from UK. Below shows drop in Euros since August 2008 in my military pension. Since August last year thats a drop of 157 euros per month. Of course there is no adjustment or compensation such as LOA .
The pension is changed at whatever the exchange rate is,changed on the last working day of the month and we are charged by Xafinity Paymaster for the tansfer unlike other Government pensions .The alternative it to transfer across yourself with the bank or money changers .This invariably leads to constant rate watching and friend recently was forced to change at 98 cents due to lack of available funds here.
I didnt here anyone mouning when it was over 1.55 to £ there is a saying take the rough with the smooth.
From my experiance of LOA Germany i could never work out why we got it Tax free car, No road Tax, No community charge, cheap drink, fags ( non smoker ) Petrol coupons some may have gone but if everything is taken into account i am sure its still cheaper to live there.
Aug 1024
Sept 1118
Oct 1012
Nov 1052
Dec 1000
Jan 867
 
#17
The Tax Free car was so you could buy a LHD car when you got here. Alas no one really does, and would you? It is rare to get that much notice on a move to keep your BFG car for the mandatory year and a day and then swap to a RHD again. IIRC

The rest of it is part of the SOFA, and down to the fact that in them days you´d be abel to claim tax back on such goods anyway (before the eurozone). Community charge IS billed at wages source. CILOCT.
 
#18
chocolate_frog said:
The Tax Free car was so you could buy a LHD car when you got here. Alas no one really does, and would you? It is rare to get that much notice on a move to keep your BFG car for the mandatory year and a day and then swap to a RHD again. IIRC

The rest of it is part of the SOFA, and down to the fact that in them days you´d be abel to claim tax back on such goods anyway (before the eurozone). Community charge IS billed at wages source. CILOCT.
Thanks for the info but i think the Tax free car was because you purchased the car and were taking it outside the country or bought when you got there as you were not using it in Uk it was therfore excempt tax. LHD was never a ruling as far as i remember allthough i did buy one LHD as the car was not released in RHD spec ? Tax free was avalable to anyone working or serving abroad even outside the military.
I am sure the rules have changed greatly since i left but i can remember back only a few years ago when guys were buying one every six months also using wifes allocation as well and shipping them back for profit .believed less generous rules apply now. I always thought it a great perk and used it to the full
 
#19
Yep, rules on tax-free cars have definitely changed! You can probably negotiate a car cheaper in UK than you could get it tax free! (whether you could then get tax off I don't know) One dealer in UK was offering Vectras at £7500 last month.

As for booze, I can get quality whisky cheaper in UK than Germany tax-free. I suspect with UK supermarkets doing loss-leaders on booze, that alcohol si as cheap in UK; if not cheaper in some cases.

My daily paper here is extortionate and broadband costs more than in Uk (far more)

I was in ASDA in UK last month and couldn't believe the prices-cheap isn't in it!

However, at least my fuel is dirt cheap!

However LOA at its current level compensates and I would still rather live over here. Though I miss UK...
 
#20
A lot of fat and useless civil servants on JHQ driving BMWs that are worth loads less now than when they bought them, too. Negative equity on a motor, eh - who'd have thought it?
 

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