Withdrawal of long service advance of pay (lsap)

#1
Heard the other day that there is a plan to remove LSAP (currently £8.5K), as the MoD cannot afford to pay it anymore. So with the rumours going round about losing SFA entitlement after 10 years service, just how exactly are we expected to get a 20% deposit together to buy our own home? If true, this is another outrageous decision made by the bean counters and I expect it will not be the last.........
 
#3
Heard the other day that there is a plan to remove LSAP (currently £8.5K), as the MoD cannot afford to pay it anymore. So with the rumours going round about losing SFA entitlement after 10 years service, just how exactly are we expected to get a 20% deposit together to buy our own home? If true, this is another outrageous decision made by the bean counters and I expect it will not be the last.........
Lol you need to smell the Nescafé. In these times of severe austerity for many this is just another area where money can be saved. I would suggest you don't hold your breath about how good the new pension is going to be.
 
E

EScotia

Guest
#4
Heard the other day that there is a plan to remove LSAP (currently £8.5K), as the MoD cannot afford to pay it anymore. So with the rumours going round about losing SFA entitlement after 10 years service, just how exactly are we expected to get a 20% deposit together to buy our own home? If true, this is another outrageous decision made by the bean counters and I expect it will not be the last.........
Best you start saving then. Many servicemen & women buy property by saving for a deposit, why do you think you are any different and need extra help?
 
#6
How do the people who are paying the market rate for property rental do it? Perhaps they could give you a few tips.
Friends of mine have found the only way they could save enough was to f8ck off to Dubai for 5 years. The stupid thing was they were paying almost twice as much in rent as they would have needed for morgage payments on the same house.
 
#7
Heard the other day that there is a plan to remove LSAP (currently £8.5K), as the MoD cannot afford to pay it anymore. ......
I wonder, at what point can we say that the Terms and Conditions we signed up under have changed so radically that MoD is in Breach of Contract ? Would they accept me saying that I know I signed up for working 24/7, 365 etc but due to feeling a bit short of energy I regret that I'll only be available every third Wednesday ?
 
E

EScotia

Guest
#10
I wonder, at what point can we say that the Terms and Conditions we signed up under have changed so radically that MoD is in Breach of Contract ? Would they accept me saying that I know I signed up for working 24/7, 365 etc but due to feeling a bit short of energy I regret that I'll only be available every third Wednesday ?
You mean you're joining the TA?
 
#11
How to get a deposit?

Do what everyone on civvy street does and put money in the bank, be nice to parents or kill off elderly relatives.

At the risk of sounding harsh, take some personal resonsibility to save money and stop expecting others to do it for you.
 
#12
I wonder, at what point can we say that the Terms and Conditions we signed up under have changed so radically that MoD is in Breach of Contract ? Would they accept me saying that I know I signed up for working 24/7, 365 etc but due to feeling a bit short of energy I regret that I'll only be available every third Wednesday ?
What you signed was a one sided agreement to serve and in return receive benefits as deemed suitable by the MOD. There was no contract for the MOD to breach.
 

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