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Old 6th Jun 2005, 21:01
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Climebear
 
Join Date: Mar 2002
Location: Several miles SSW of Watford Gap
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MC

Be very careful..you will only benefit from the 05 scheme IF you can be guaranteed service until age 55.
Beware generalizations, while this may well be the case for the majority some other could benefit. Especially those who joined before 18 (airmen (a term that includes NCA)) or 21 (officers) as service will be counted from the say you start rather than a birthday. In addition, personnel who are paid at a higher rate than the representative salary used for AFPS75 could benefit. So if you are a FS/MACR on the higher pay band who joined when you were 16 there could be a benefit.

Finally, the new scheme offers enhanced benefits for your surviving partner (most wives survive their husbands). Whether you take this into account or not depends on if you care what happens to them when you shuffle of this mortal world.


Good advice on consulting the Armed Forces Pension Society. We had a very interesting talk by the retired General that heads it which highlighted the points above. If anyone is considering this they should seek proper financial advice (which is something that the Service is not legally allowed to provide).
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