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Financial Matters News
Please see below for our latest Financial Matters News:
Child Maintenance Changes
All partnership breakdowns involving children are likely to be stressful and distracting and there is a move to do more to encourage Armed Forces personnel to be better informed of the implications and to encourage them to make their own maintenance arrangements, rather than have the CMEC system chase them
Difficultly accessing Financial Products?
The MoD are keen to point out that personal finances are an individual responsibility, however, they do acknowledge that Service personnel can experience difficulty in accessing financial products and services. One aspect of the Armed Forces Covenant was to ensure personnel have equal access to commercial services and the MoD have published working to address this
Not Everyone is Eligible for Operational Allowance
The Sun reports that fewer than one in three Armed Forces personnel are eligible for frontline bonuses and that only 45,000 of the UK's 158,000 Service personnel are likely to receive the Operational Allowance before 2015. The MoD said: "That is the number who are expected to deploy. It would be curious for an OA to be made available to personnel who stay in the UK
Do you have the Correct Car Insurance to make a Claim?
The Families Federation has received a couple of issues concerning the claim of motor mileage for hospital visits. For the Service person these appointments are considered duty, however, in order to submit a successful motor mileage claim the vehicle must be correctly insured for Business Use
