Buy Down Selection Process

[Tuffers1875]

15 years is nonsense
it wouldnt be attractive for RM to offer so much
the most you would get would be total annual saving x 3
so dropping from 39 hrs to 32 hrs a week would get you approx 10k
which i think is tax free

I got 17 grand tax free. 39 to 23.5. Got a few years under my belt though. One thing to remember is that you have to serve 2 years after taking a buy down, or you have to pay a portion back if you leave. 9 months and I'm a free man . I have something else in the pipeline for when that momentous day arrives

[freelunch]

Hi, there is a chance to buy down in my office and have decided to go for it 39 down to 25( my office does have surplus hrs) the thing is somebody else has put in for it as well could anybody shed light on the selection process to buy down i.e is it just based on seniority?

Now if that were our office both of you would be instantly selected.
And everyone else would get to do even more lapsing