Retrospective changes to Army Pension that will cost thousands

#1
Just had the good news that good old HMG has retrospectively changed the rules on commutation of your pension and has decided that me and lots
of others have to pay back some of their lump sum WTF. My bill is just under £2000. Can this be right ? Can anything be done?
 
#3
Just had the good news that good old HMG has retrospectively changed the rules on commutation of your pension and has decided that me and lots
of others have to pay back some of their lump sum WTF. My bill is just under £2000. Can this be right ? Can anything be done?
Where did you hear that? Sounds like a load of balls to me.

Shiny
 
#4
Got the letter and good news off the Service Personnel and Veterans Agency today. They are always getting money back off people who deserve it but when it comes to scroungers forget it.
 
#5
So what was the rule change then and how far back does it go? Was it about the amount you can coimmute or the fact that you can commute at all?
 
#9
stupid question but when did you get your pension ?

as i understood the legislation that came into force as at may 2010 the rule changes based on the 2003 legislation (which is why they dreamed up afps 05) anyhow it clearly states thsat the changes to comutation allowances changed on specific dates so it only affects people from those dates onwards

"an effective date of 11 January 2010" "effective date of 23 March 2011"

"and Xafinity Paymaster will be instructed to make any adjustments necessary, i.e. to pay any arrears due or recover any overpaid sums by deduction from pension."

so um its only for people who left recently and it only effects people goverend by changed brought about under the 2003 pensions legislation and the 2004 finance legislation and you should of been told about the potential problem in your prior letters from spva which notified you about your award

anyway your not going ot loose out on the money per se just have to wait untill the relevent age to get given it back ....
 
#11
I received it in July 10, but no I had no prior notification of this.
well in that case if the changes are going ot leave you in a position of hardship and you had no prior warning from the paying or awarding authorities of possible impending adjustments then theres every reason you should get some legal help and argue that just like the tax office didnt enforce the 6 million pound bill on vodaphone they should let you off as well
in fact the same can be said for anyone who wasnt told about it, oddly i was informed about it and yet mine was an invaliding pension ....
 
E

EScotia

Guest
#12
Write them a polite letter stating that you will face severe financial difficulties if you have to pay any monies owed and request that they apply to the Treasury to have the amount owed written off. Should this not work and they still want the money, offer to pay an amount you can afford (without falling into too much difficulty) from your army pension.
 
#13
Just had the good news that good old HMG has retrospectively changed the rules on commutation of your pension and has decided that me and lots
of others have to pay back some of their lump sum WTF. My bill is just under £2000. Can this be right ? Can anything be done?
When you took out commutation my guess is that they told you how much it was going to cost and you entered into the agreement on that basis. To come back now and tell you that they got their side of the contract wrong by £2k doesn't seem reasonable. Our advice is to launch an IDRP and push it all the way.
 
#14
ForcesPensionSociety - is this the kind of thing you can help with?

i'm still serving but due out soon - i've heard your ads on Garrison Radio and have been tempted - i just didn't want to fork out the membership but if this kind of thing is happening and you guys can help then i'm deffo joining.

let us know if you can help.
 
#15
ForcesPensionSociety - is this the kind of thing you can help with?

i'm still serving but due out soon - i've heard your ads on Garrison Radio and have been tempted - i just didn't want to fork out the membership but if this kind of thing is happening and you guys can help then i'm deffo joining.

let us know if you can help.
My advice would be to join whether you need FPS or not, they do a great job representing us and safeguarding our interests.
 
#16
ForcesPensionSociety - is this the kind of thing you can help with?

i'm still serving but due out soon - i've heard your ads on Garrison Radio and have been tempted - i just didn't want to fork out the membership but if this kind of thing is happening and you guys can help then i'm deffo joining.

let us know if you can help.
I will check our level of participation in IDRP with HQ tomorrow - I don't want to give you bum info.
 
#17
ForcesPensionSociety - is this the kind of thing you can help with?

i'm still serving but due out soon - i've heard your ads on Garrison Radio and have been tempted - i just didn't want to fork out the membership but if this kind of thing is happening and you guys can help then i'm deffo joining.

let us know if you can help.
A reply as promised. We do give members advice to assist them to frame their IDRPs and we will check them before they are submitted. The latter is important as often a complainant is so close to the problem that they don't set it, or the desired remedy, out as clearly as they might.
 
#18
I just got my letter too (dated Nov 17th), 11 months after leaving my pension is being reduced by £2,396.58 a year until I am 55, in 12 years time. Thats almost £29,000.00

I understand the pensions calculator isn't exact but 29K is taking the piss. I was never told about this before leaving, during resettlemnt or after leaving.

Should I complain before reaching for the hangmans rope?
 
#19
That linked page says

From the 1 October 2011, SPVA Pensions Glasgow will identify all awards
where Resettlement Commutation has been taken and processed after the effective dates mentioned above
The earliest of the dates are 11 January 2010 so I would assume it means anything done after that date only.
 
#20
I just got my letter too (dated Nov 17th), 11 months after leaving my pension is being reduced by £2,396.58 a year until I am 55, in 12 years time. Thats almost £29,000.00

I understand the pensions calculator isn't exact but 29K is taking the piss. I was never told about this before leaving, during resettlemnt or after leaving.

Should I complain before reaching for the hangmans rope?
i would complain, you have nothing to loose by doing so and potentially might manage to keep some or all of that proposed loss
 

Similar threads

New Posts

Latest Threads

Top