Armed Forces Pension Schemes For Squaddies

Great content! Very informative and easy to follow! Thanks!

Great information 👌🏽

Very clear... Why didn't we get this brief in the chain so far??😔😔

Thank you very much for the detailed information.

When should we be offered the option to change pensions? Thanks

Savvy, what if you are medical discharged and on 75 scheme and receiving a immediate pension after served 15 years. Will payment stop at anytime.

I joined up in sept 89 to Feb 99. Did reserves until Dec 08. Rejoined as MPGS Jan 09 until the present.

When I get my pension letter every birthday, it does not mention 75 pension on the statement only 05 and 15. Has my 75 automatically been put on 05? As I never requested it if it has

Very informative thank you so much

Can you please explain about GPS Gurkha pension scheme & GOTT Gurkha offer to transfer pension how & why Gurkhas were allocated totally different pension schemes than British armed forces AFPs 5 & AFPs 75 if they both were British armed forces why they were treated different pay schemes as mercenary & their far east services pensionable were not reckoned in terms of GOTT Gurkha offer to transfer scheme 2008. what percentage gap between GPS Gurkha pension scheme & AFPs 05 & AFPs 75 ?

I'm a Sponsored Reserve for 19 tank transporter squadron what's my pension going to be like?

Nice video. Just for info on AFPS75 your pension is calculated on the highest paid rank held for two years in the last five. This is important because if you have held Special Paid Acting Rank for longer than two years and then not promoted to that higher rank you could leave with the higher pension as long as it was in your last 5 yrs of service.

Looks like there is money 💰 problem as it keeps on going down and down 😇😎😎😎😎

This is a great channel, just what I needed. I was in the reserves from 2009 to 2016 when I transferred to regular, would my time spent in the reserves be taken into account for my pension? Thanks 👍

Would it be possible to DM please? I think there is a fantastic opportunity for me to assist with topics/emerging allowances

what's the oldest you can serve in the Army? if i was to join at 43 years old (joining mpgs) and serve 17 years up to my 60th birthday would i receive immediate pension? BTW, thanks for these uploads..

Great vidoe. Have you done on or about to do one explaining medical discharge pension/payment.

from what iv read my previous pensions 75 and 05 will remain untouched and wont be encompassed onto the 15 pension as I had a break from service for over 5 years.. its a bit of a minefield but thanks again for these uploads.

I always wondered what Sid the sloth was up to in between films

Good video, don't suppose you know when the update to the pension calculator will be released? I left in January and it was due around then, but not seen it.

Will be interesting to see what my pension will be when it's reverted back to the 75 scheme

Great video. I’m getting a deferred AFPS 75 pension and was wondering if the McCloud thing affected me at all, seems it doesn’t. Not something that Veterans U.K. managed to explain, so thanks! 👍🏻

Excellent video. You’ll no doubt be pleased to know that I've given it a ‘thumbs up’ & also subscribed to the channel. I purchased Added Pension this year and intend to do so again next year (both for the full £6,500 amount). One question I do have: When I leave the Army as a regular, if I decide to join the reserves will I still be able to purchase Added Pension as a reservist?

Very informative video and I have watched it a number of times. It also did the rounds around the lads. Thank you for clearing it all up.

Quick question. I am aiming for maxing out my EDP, so going down the inverse communication route and paying into my pension. So is £6500 before tax all you can voluntarily contribute? Or is that the max you can contribute annually? £6500 doesn't seem a lot and how would that reflect my EDP.

TIA
Liked and subbed

AFPS 75 is just the very best….luxury…..

Hello! Please could you do a reserve/ADC/FTRS pension video? I’m ex regular now reservist but haven’t got a clue about my reservist pension 😕 I’ve never been given a brief on how it works!

Hi, If I want to purchase added pension to increase my pension pot, will the amount I decide to put in also be matched on top of what is already being put in as part of the 'non-contributary' pension we currently have? Cheers

Can I defer claiming my AFPS 75 pension at 60 for a larger pension say aged 65? I’m just about to turn 50 & already borederline super tax & planning to retire at 65. Is it a case of claim it at 60 or lose it! 🤷‍♂️

Very informative. Please do one about Divorce and Pension Sharing Orders

I did 13yrs service from 1984 till 1999 and gained the rank of cpl, when can I claim, I was told to claim when I am 59 6months

Mate, genuinely so useful and I cannot thank you enough. I can never seem to get a straight answer about my pension and this has laid it all out for me.👍

i will have done over 30 years when i leave, is the EDP part of the pension paid every year or is it a one off?

Thanks for explaining this well.

Hey, the EDP annual payment of £11k until you reach state pension age. Does this payment increase with CPI each year or stay the same ?

Hi I served junior service Oct 84 to feb 86 when I turned 18. I served then on till about Jun 96 just over 10 years, rank Sgt. I'm aware I can claim a pension at age 60 for about 10/22 of a full pension but also was aware I would get a lump sum as well. Is this about right for type of pension I was on AFPS 75. Or did I not serve long enough for a lump sum.

Also I assume any Junior Leader service to the age of 18 even though some of it was at my first adult working unit will not be included.

Any thoughs would be of interest.

Thanks

Better than any advice or info I’ve had from the “mob”, anything beyond the very basics and they refer me to “independent financial advice”. Really appreciate the work you put in to these.

I can’t establish whether or not my 8 months on tour acting up a rank (and being paid accordingly) will have a positive impact on my pension. I’m on the AFPS05/15 and I’ve had mixed messages on this. It would probably only be a negligible improvement if so, but it’s not detailed on the new pension calculator, so it’s nice to know the results on there are all “at least £X” rather than the definite amounts.

Hi great info i served 5 years left 1984 and got a pension , so was trying to help a mate he served 4 years and left the army in 1984, we called the help line today and he was told he has no pension as he only served 4 years and had to do at least 5 years to get a pension. Please can you confirm if this is true if you would be so kind. Many Thanks.

If you leave at 18/40 and get lump sum plus EDP, then rejoin after 90 days, will you have to pay the money back?

So, just a question I'm curious about - in many of these videos, you give consistent examples of reaching W01 at 22 years in the British Armed Services. Is this the amount of time in the military that you must reach at a minimum in order to receive the pension benefit? In the US Armed Services, you just have to reach 20 years in service no matter what your exiting age is to receive that benefit. It sounds like you have to be 40 on the UK. Is this true or am I mistaken?

Please can you do a video on, paying into your pension. I've got 9 years left and wont to maximise my pension.

If I put my notice in on my 11th year in the navy and leave on the day of the 12th year, do I get the 11k?

Hi, I'm trying to find out the answer to:
I have a 75 pension in payment. I did 25 years.
I'm back in the army and I'll do 18 years.
If I die, firstly how much does my wife get and secondly how does she get it.
Thank you

Good it may be compared to other scheme’s its not as good as previous pensions, couple that will retention bonus’s being scrapped. People will Always look to what used to be and compare it to now and its not enough to keep people in hence the unsustainable outflow we are now experiencing in manpower.
People would rather pay into a subpar pension than be in the mob currently so the offer simply isn’t cutting it

What about all who served 1964 to 1970
Many put their lives on the line in Malaysia/ Borneo etc ? I wouldn't recommend 9 months in the jungle to anyone

Hi... let's say my pension right now is £9000. I took full lump sum when I left. Could you tell me, roughly how much I will be on once I'm 55?? Or could you tell me where to go to work it out. Thank you