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UK armed forces MoneySaving

A place for MoneySaving talk by current and past members of the forces and their families - discounts, living overseas, readjusting to civilian life etc.

Which address for official purposes?
Hi lovely money savers and experts with Armed Forces experience! My son is 20 and in the army, just completed 12m service and has now been allocated a UK base where he will spend the majority of his time. He will always have a home with me in Manchester, but is based a few hundred miles away and will visit home for…
Old Boys! Have you claimed your pension??
A few years ago I helped out the FIL who was a Veteran of the RN. He had left the RN in 1978 but didn't realise that when he reached 60yrs old he was entitled to claim a Forces Pension. They won't come looking for you, if you don't claim it, you won't get it. He is no speedy bullet, but isn't without his faculties either.…
TUI HOLIDAY
I recently booked a holiday with TUI and due to corona tests not coming back I couldn’t make the flight, these tests were booked with chronomics who tui recommended. After so many phone calls we were offered a re booking of the holiday but we were unable to do this as my partner is going back in the marines September 6th…
FH2B with intent to Holiday Let
Apologies if this is incorrect format for this forum, however. I'm looking at getting a mortgage and wish to make use of the forces H2B scheme. I intend to let the property out for 16 weeks of the year as a holiday let. Is there anything stopping me, as a first time buyer, using the FH2B scheme and doing this? TIA Harrier3
Defence Discount query
My father a veteran recently received a Defence Discount card. If he orders something online through the site with discount is it ok for me to use my credit card as payment as he doesn't have one. The only thing he has is an ATM card as he always uses cash, anything online I always use my card for him.
Clearing banks and MOD Payments
Hi All. How long should the transfer from JPAC to Santander take ? They told me all public fund transfers go through clearing banks but it’s been 10 working days now (including today) does the amount affect the time taken ? They’re obviously making interest off my money ! Santander keep giving me the brush off with…
Stuck overseas and had a CCJ applied against me - No help form the court
Hello, looking for some help. (also posted in the credit ratings, but it is partly an armed forces issue) I'm in the Armed forces and have been deployed in the middle east since Feb 2020 which no chance to come back because of Covid19. I checked my credit score a few weeks ago, it's normally almost 999 but I saw it had…
Reduced State Pension
I retired from the Army in 2014 after 35 years service. I have 40 years contributions to the state pension, but these years are reduced due to the fact I have an army pension. I was unaware about this until I asked for a state pension forecast. Having researched this, I understand the logic but wish someone had told me…
Medical pension
Can I cash in my medical pension
Forces help to buy help
Hi my boyfriend and I have reserved a house with the reservation deadline being 20th March. We have almost collected everything for our mortgage application. We will be using the forces help to buy towards our deposit.My boyfriend is currently away in Kenya until the 18th, back for a few days then is on another course for…
Forces Help to Buy - HELP
Hello Can someone help me decipher Point D of this, we've done the calculations for sentence one and sentence two but unsure how these two numbers interact or what this means for our entitlement. We have barely any of the capital leftover from the sale so unsure how this will be taken into account. Thanks
Forces Help to Buy
Hello Looking for some advice on FHTB. What is their means testing? We’re pretty reliant on getting the full 50% to go towards a deposit, but we have a gift/equity from another house for our deposit too. Wondering how that affects the loan amount. Thanks
Veterans Railcard
It has been announced by the Secretary of State for Transport (Grant Shapps) that from November 2020, UK Armed Forces Veterans will be able to buy a 'Veterans Railcard' giving a third off most train fares. The new railcard for veterans will be available to buy from 11 November and will cost £21 for a limited period, before…
Forces Help to Buy - Tax
Hi, I took advantage of the Forces Help to Buy loan 9 months ago, and am currently filling in a self assessment tax return. Question: should I be declaring the loan on the return for tax purposes, or is it taken through an adjusted tax code? Really appreciate any advice or experience with the same issue. Thanks.
Paying uk tax whilst based in Cyprus
Hi all, I am a dependant and my partner is based in Cyprus. I have been offered a job overseas (not uk) working 3 weeks on 3 weeks off, I was wondering what the tax ramifications are being based in uk sovereign area in Cyprus? I will be getting paid into a UK account - am I classed as a UK resident? Anyone shed some light…
Military pension and income tax double tax?
Looking for a bit of advise after a lightbulb moment a few weeks ago. Am I being overtaxed? I get a military pension of less than 10k a year and it is taxed at 20% BR. I also have a job where with a lot of overtime brings me a decent wage taxed as normal through the tax code. Deductions for the company van private use and…
Delete
Delete Delete Delete
Backdated Army Pension Entitlement
Purely by chance I happened to see a post on another website that any ex military who got commissioned before completing 22 years as a soldier then resigned their commission before completing 5 further years may be entitled to an increase in military pension. I enquired with Veterans UK and have just been told that I will…
Claiming VAT from a BFPO delivery.
Hello, Recently ordered an iPad Pro and accessories from JD Williams to a BFPO address in Brunei. They do not refund the VAT but have supplied me with a VAT Receipt, is there a way i can claim this back from HMRC?
Widower's Military Pension
Hi All, I have been trying to help a widow whose husband passed away in 2018. Her husband had a military pension that passed to his wife. The widow had the option of £40 per month or to take the lump sum of £11k, she was advised that only being on a state pension would be except of any tax. However, when the payment was…

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UK armed forces MoneySaving

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