New Capita-run Civil Service Pension Scheme - problems (what a surprise!)

Shabbycat

Help please.

I’m filling out my Capital pension option forms and am confused about the lifetime allowance section.
I have taken tax free lump sums from my SIPP between 2023 and 2026. From looking at documentation the total amount of tax free cash taken is £22,248.03.

Can anybody tell me which section of the form I fill in. I have no other pension apart from my now empty SIPP and the one I am hoping to come into payment via Capita.

Thank you

jamesh8

https://forums.moneysavingexpert.com/discussion/comment/81984047#Comment_81984047

Thank you. Keep us posted. Good luck.🤞

horsewithnoname

https://forums.moneysavingexpert.com/discussion/comment/81983686#Comment_81983686

this is because of the McCloud judgment, you should really read up on it if you haven’t already, but basically you get the choice between your legacy scheme - classic in your case from what you say - or alpha, for the seven years from 2015 to 2022.
there is plenty of info if you Google it

Shabbycat

No it isn’t that. They gave me the two different amounts depending on whether I choose the remedy or legacy scheme.
Even choosing the same option the new quote is £2000 less than quoted two years ago. I’ve raised it as a query and it’s going to be looked at.

horsewithnoname

https://forums.moneysavingexpert.com/discussion/comment/81984710#Comment_81984710

aha, just a matter of finding out who cocked it up, MyCsp or capita!

Shabbycat

https://forums.moneysavingexpert.com/discussion/comment/81985502#Comment_81985502

ChatGPT has come to the rescue when filling in the LTA, LSA and LSDBA sections of the form. It has also suggested that GAD calculations might explain why there is a difference between the 2024 and 2026 quotes?? I will wait and see what they come back with.

I received my quote quicker than I was expecting (deferred retirement date 19th May) so maybe the letters to my MP, the Cabinet Office and CSPA actually had some influence. I hope this helps anyone else in the same position. The information on the tracker has been useless.

Watching_The_Wheels

https://forums.moneysavingexpert.com/discussion/comment/81984236#Comment_81984236

My first pension payment is safely in the bank this morning following the finalisation letter and payment details appearing in the HMRC app/online.

I should have five months of pension by now so one is missing, another issue to add to my growing Capita snagging list. And whatever happened to the WPS refund also MIA.

What__A_Shower

https://forums.moneysavingexpert.com/discussion/comment/81987215#Comment_81987215

That's good news. Let's hope May is a good month for everyone else stuck in this situation. My retirement date is the 9th January,had my lump sum back in April so fingers crossed I'll get my pension payment within the week. Nothing showing up in the HMRC app at the minute though!

Good luck to everyone waiting for that elusive pension payment!

horsewithnoname

Just to say to anyone waiting for their pension is that the payment is about a month after your retirement date, it doesn’t default to the end of the month like your salary.
clearly many are aware of this, but it doesn’t default to catch a certain number unawares.

katejo

https://forums.moneysavingexpert.com/discussion/comment/81987290#Comment_81987290

My retirement date was April 30th and I am due to get my monthly payments on the 24th of the month (but 1st one on May 22nd).