Register

Welcome to the E-Goat :: The Totally Unofficial Royal Air Force Rumour Network forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.


Results 1 to 8 of 8
  1. Lump Sum and Pension date.

    Anyone know how long it takes to receive your Lump sum and first pension payment? My exit date is 11 August this year.

    Could only find posts about it from 3 years ago so was hoping for some newer info from recent leavers.

  2. #2
    Join Date
    Nov 2009
    Location
    In the dishwasher!!
    Posts
    894
    I got my lump sum in with my last pay at the end of Sept 13. First Pension was on the 25 Oct 13, which is my pension payment date. I did everything as requested and nothing went wrong.
    "God invented BEER so that forwards couldn't take over the world"

  3. Got my lump sum 15 days after discharge date about this time last year and my first pension payment was 25 days after discharge. Decide in advance where you want your tax free allowance your salary or pension as HMRC will decide. As soon as your pension is in payment you can phone them and have it changed if you need. I like to have my pension “tax free” because it keeps it a stable amount every month. For me this is because it goes into a separate account and I know how much is going to go in. My salary varies month to month due to overtime anyway so the tax fluctuations don’t matter so much to me.

  4. Got may pension payment 3 days after I left, and lump sum the same time.

  5. #5
    Join Date
    Apr 2006
    Location
    The sleepist of sleepy hollows...
    Posts
    938
    Quote Originally Posted by TheMan View Post
    Got may pension payment 3 days after I left, and lump sum the same time.
    Was that the regular payment date? Or just how it happened?


    Sent from my iPad using Tapatalk

  6. Quote Originally Posted by MattBombHead View Post
    Was that the regular payment date? Or just how it happened?


    Sent from my iPad using Tapatalk
    Equiniti Paymaster will tell you what the regular pension payment date will be and you pension will then always be paid on that date unless it falls at a weekend or public holiday. In that case it is paid the working day prior to the due date.

  7. Quote Originally Posted by MattBombHead View Post
    Was that the regular payment date? Or just how it happened?


    Sent from my iPad using Tapatalk
    It has been the same date, the 28th of Month over the last 18 years.

  8. #8
    Join Date
    Oct 2007
    Location
    55m up, in a generator on a stick.
    Posts
    1,669
    If you have taken out LSAP and are still paying it off take note of this thread regarding how they may/will recover some of the outstanding debt... unless things have changed somewhat in the past 11 years.

    https://www.e-goat.co.uk/forums/showthread.php?14344-and-it-was-all-going-so-well!&highlight=LSAP




    No longer a Holder of The Shilling.
    "I have... seen things you people wouldn't believe..."

 

 

Similar Threads

  1. War Pension Lump Sum only
    By NODUFF in forum Military Pension questions and advice
    Replies: 7
    Last Post: 16-02-2018, 12:01
  2. Pension and the lump sum
    By GOV1 in forum Service Gen
    Replies: 14
    Last Post: 10-04-2014, 19:57
  3. Pension Lump Sum - on divorce
    By Edinburgh-Castle in forum Military Pension questions and advice
    Replies: 2
    Last Post: 07-03-2014, 11:58
  4. Replies: 4
    Last Post: 08-04-2012, 10:27

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Back to Top