Pension Horror - Annual Allowance

[Lima Juliet]

Originally Posted by VinRouge

The GAD increased the contributions figure in 2016 for officers from 52.4% up to 63.5%. That is a pretty hefty increase mindful of the nil change to benefits.

some background here.

https://commonslibrary.parliament.uk...less-for-more/

You’re missing the point VinRouge . It is not about what the pension will pay you, it is what the pension will COST YOU. So if the private pension market performance is poor (which it is), then the valuation of what the AFPS would cost the Service person will increase. It’s not about what it pays you, it’s about what it would cost you.