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Army Redundancy lum...
 
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[Solved] Army Redundancy lump sum

 
(@sazged)
New Member Registered

I was recently made redundant from the Army. I currently pay 20% CSA from my monthly pension under the 2003 rules but even thought the CSA contacted the pension office no payment was allocated to my ex wife for the lump sum (£107,000) I received. Can anyone please advice how the terminal grant/ Redundancy/lump sum of an Armed Forces pension (the tax-free three-times annual pension payment, AFPS75, if that matters) would be treated for CSA maintenance calculations? and where this information is located. My ex wife is currently taking the CSA (and me) to a tribunal and I would like to be fully informed before I arrive.

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Topic starter Posted : 21/09/2013 12:46 pm
(@dadmod4)
Illustrious Member

As far as I was aware, the CSA used assets over £60k in their calculations (excluding the house) so I'm surprised they said no liability using your redundancy. I would have thought you could offer 20% of the payout as a fair payment as that's what shed had got if you earned it over time. Could be worth asking the CSA again.

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Posted : 21/09/2013 11:44 pm
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