Genuine question
Thread Starter
Joined: Aug 2008
Posts: 384
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From: Back to the fold in the map
Genuine question
Can anyone tell me how long before you retire (i.e. days/weeks/months) you need to apply for your pension on JPA. The inhabitants of the local Handbrake House seem to have a number of different ideas, depending on who you ask! Thanks;
CB
CB
Last edited by Canadian Break; 25th May 2012 at 07:03.
Joined: May 2006
Posts: 6
Likes: 0
From: North of Watford Gap
I think you can leave it until just before you leave if you wish - but that was not recommended at my resettlement brief in case of errors etc. You also need to factor in the potential for delays, especially if you use the hard copy form rather than doing it electronically via JPA (don't know if that is still an option). I seem to remember that you could send off your APFS1 any time during your final year. I also heard that they start to close down elements of your JPA account in your final month (ie terminal leave period) which might add complication.
They important thing is to get your APFS1 filled in and received by "the system" before you leave. I did mine via JPA with about 4 months to run and it was pretty easy, as many aspects, including the bank details, were inserted automatically and just needed checking. However, I was not intending to move house/change banks etc and so there was little to vary. The other big advantage of the JPA route was that I rapidly received a receipt message in my workflow. It is vital that you have this confirmation, especially if you use the hard copy form, as nothing will be paid to you unless they have all the details ..............
I would echo the comment above from chinook240. I found the info from the Forces Pension Society presentation very useful in understanding who would pay the various elements of final salary, gratuity and pension, and when, after I left.
Hope this helps
HLV
They important thing is to get your APFS1 filled in and received by "the system" before you leave. I did mine via JPA with about 4 months to run and it was pretty easy, as many aspects, including the bank details, were inserted automatically and just needed checking. However, I was not intending to move house/change banks etc and so there was little to vary. The other big advantage of the JPA route was that I rapidly received a receipt message in my workflow. It is vital that you have this confirmation, especially if you use the hard copy form, as nothing will be paid to you unless they have all the details ..............
I would echo the comment above from chinook240. I found the info from the Forces Pension Society presentation very useful in understanding who would pay the various elements of final salary, gratuity and pension, and when, after I left.
Hope this helps
HLV
Joined: Aug 2010
Posts: 103
Likes: 0
From: London
applying for pension
We at the Forces Pension Society (FPS) do suggest that you fill the Pens Form 1 in about 6 months before you are due to go. That will give you time to get and double check your final forecast. The checking is something we will do for our members so, if you are interested, take a look at our website (Forces Pension Society - Fighting for the Forces and their Families )
'Pensions' is not a straightforward subject so attending a Financial Aspects of Retirement course is a good idea - FPS deliver a brief in the first hour and three quarters of the day on AFPS benefits, commutation, tax, national insurance and the state pension. They are held all over the place and can be booked through resettlement offices. If you get stuck, send me a PM and I will tell you where they will be held for the rest of this year.
'Pensions' is not a straightforward subject so attending a Financial Aspects of Retirement course is a good idea - FPS deliver a brief in the first hour and three quarters of the day on AFPS benefits, commutation, tax, national insurance and the state pension. They are held all over the place and can be booked through resettlement offices. If you get stuck, send me a PM and I will tell you where they will be held for the rest of this year.
