MOD Pension
Index linking of OAP depends on country of emigration, for instance Canada no and USA yes. Similarly OZ and NZ no, but EU etc is yes.
I am not sure about the Caribbean Islands (ex Colonies) but I think they are OK as the index linked policy is based on reciprocity.
The state pension for British people living overseas | This is Money
UK Military Pensions - British Expats
Once you are permanently abroad then you should not be paying UK tax.
I am not sure about the Caribbean Islands (ex Colonies) but I think they are OK as the index linked policy is based on reciprocity.
The state pension for British people living overseas | This is Money
UK Military Pensions - British Expats
Once you are permanently abroad then you should not be paying UK tax.
Thanks Pontius Navigator - I live in Australia so I won't bother chasing up pension not being indexe linked then.
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MOD Pension
Sorry, I should have said Canada and I am well over the 55 year point.
I assume from all the inputs that over 55 the MOD ( RAF ) pension will be index linked no matter where in the world you live.
By the way ,when I bought a new Hyundai car a few years ago,I got a big discount because my pension is paid through the government's INFINITY scheme. Worth knowing !
I assume from all the inputs that over 55 the MOD ( RAF ) pension will be index linked no matter where in the world you live.
By the way ,when I bought a new Hyundai car a few years ago,I got a big discount because my pension is paid through the government's INFINITY scheme. Worth knowing !
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My cousin's husband told me today that he will only receive 30% of his afps 75 pension at his 22 years service point.
When we joined up, part of the sell/attraction to the job was that we would receive 100% pension after 22 years service.
It's disgusting how the government expect you to fight their illegal wars, eat sh1t food, live away from family in portacabins/shell scrapes, then shaft you over something you signed and agreed on your contract of employment.
Why hasn't more been made of this in the media?? Is it another D-notice from the fu£kers in parliament???
When we joined up, part of the sell/attraction to the job was that we would receive 100% pension after 22 years service.
It's disgusting how the government expect you to fight their illegal wars, eat sh1t food, live away from family in portacabins/shell scrapes, then shaft you over something you signed and agreed on your contract of employment.
Why hasn't more been made of this in the media?? Is it another D-notice from the fu£kers in parliament???
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Armed Forces Pension Scheme 1975 Explained
THE ARMED FORCES PENSION SCHEME 2015 (AFPS 15):- FREQUENTLY ASKED QUESTIONS (FAQs)
Your accrued benefits do not build up at a uniform rate. AFPS 75 accrual rates are faster up to the immediate pension point, so that after 16 years’ reckonable service as an Officer you will have accrued 28.5% of representative pay and after 22 years’ reckonable service as an Other Rank; you will have accrued 31.83% of representative pay.
If you retire at age 55, with 34 years’ reckonable service as an Officer or 37 years’ reckonable service as an Other Rank, you will have accrued the maximum pension of 48.5% of representative pay (the 48.5% excludes the lump sum).
If you retire at age 55, with 34 years’ reckonable service as an Officer or 37 years’ reckonable service as an Other Rank, you will have accrued the maximum pension of 48.5% of representative pay (the 48.5% excludes the lump sum).
Armed Forces Pension Scheme 2015 (AFPS 15):-
2.3 A new pension scheme will commence on 1 April 2015.
Members of AFPS 75 who are in service on or after 1 April 2015, will be transferred to AFPS 15 except if you were within ten years of pension age (aged 45 or over) on 1 April 2012. This group will remain in the AFPS 75 scheme.
2.3 A new pension scheme will commence on 1 April 2015.
Members of AFPS 75 who are in service on or after 1 April 2015, will be transferred to AFPS 15 except if you were within ten years of pension age (aged 45 or over) on 1 April 2012. This group will remain in the AFPS 75 scheme.
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22 years reckonable service as an other rank would earn an immediate pension, not index linked, proportionate to rank and years served. Serve longer and you would get more. Once you hit age 55 the retrospective indexation is applied and the pension is index linked from that point onwards. The rough percentages you would receive at 22 years has already been given above.
Thelma, I think you need to look more carefully at your terms of service, your pension terms and your expectations. It might not be the right time to retire until you have fully understood the status of all three of those factors.
When you and I signed up, we agreed to do all those things. Hopefully we both did that. Now, you tell me how we have been shafted.
Originally Posted by Thelma Viaduct
It's disgusting how the government expect you to fight their illegal wars, eat sh1t food, live away from family in portacabins/shell scrapes, then shaft you over something you signed and agreed on your contract of employment
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Thelma, I think you need to look more carefully at your terms of service, your pension terms and your expectations. It might not be the right time to retire until you have fully understood the status of all three of those factors.
When you and I signed up, we agreed to do all those things. Hopefully we both did that. Now, you tell me how we have been shafted.
When you and I signed up, we agreed to do all those things. Hopefully we both did that. Now, you tell me how we have been shafted.
OK. As you didn't give it time to find out what would happen after 22 years (since 1998), I wonder what the rant was about:
But then on another thread:
Seems you have a clear idea about the legalities of wars (without ever explaining or justifying that position), but you are confused about who sends us to fight said wars.
Originally Posted by Thelma Viaduct
It's disgusting how the government expect you to fight their illegal wars, eat sh1t food, live away from family in portacabins/shell scrapes, then shaft you over something you signed and agreed on your contract of employment.
Baffles me how Prince Harry spends so much quality time with wounded soldiers that his own Grandma sent to fight an illegal war, pretty messed up when you think about it. No wonder his cheeks are so rosy, I'd be embarrassed too if i were him.
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OK. As you didn't give it time to find out what would happen after 22 years (since 1998), I wonder what the rant was about:
But then on another thread:
Seems you have a clear idea about the legalities of wars (without ever explaining or justifying that position), but you are confused about who sends us to fight said wars.
But then on another thread:
Seems you have a clear idea about the legalities of wars (without ever explaining or justifying that position), but you are confused about who sends us to fight said wars.
Personally my IP is now a lot less than I had been planning on for my entire career and staying past my IP point is a lot less attractive under then new scheme. One of the major factors pushing me out the door.
I don't own this space under my name. I should have leased it while I still could
When I joined my pension, at rates applying at the time, was £401pa, the same as extant marriage allowance. My gratuity was around £1700.
Had I retired at my 12 year point my gratuity would have enabled me to by a house (price at enlistment). In terms of inflation, at that 12 year point the house would have been 4 times that gratuity but the gratuity would probably been high enough to buy the house anyway.
Certainly never felt disadvantaged at that point.
Had I retired at my 12 year point my gratuity would have enabled me to by a house (price at enlistment). In terms of inflation, at that 12 year point the house would have been 4 times that gratuity but the gratuity would probably been high enough to buy the house anyway.
Certainly never felt disadvantaged at that point.
