The first PI is paid on a sliding scale depending upon when in the year you leave. A dog is for life, not just a Saturday night! Armed Forces Pension Scheme . The online Armed Forces Pension Calculator has now been updated to reflect the new AFPRB salary & pension increases. Explosion at Saudi Remembrance Event thread has been pulled. Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox! I cant see it on any paperwork and I have tried to contact the pensions people on several occasions to no avail. To promote the armed forces pension schemes, Veterans UK have launched a campaign to encourage Service Personnel, Veterans and their families to get 'Pension … If you would like to learn more about us click here, To read Easy Resettlement click the image. Armed Forces pensions, once awarded, are adjusted in April each year by the Consumer Price Index (CPI), the UK’s official measure of inflation, set by the Bank of England’s Monetary Policy Committee. this page is useful. When did you leave and what was your rank for pension? Having left the RAF in 2004, and being only 5 months away from repaying my commutation, I expect to see a nice increase in my pension soon. If you die, PIs are applied to your family’s benefits, irrespective of your age or theirs. If you are discharged with an invaliding pension, PI are payable from the outset. Thanks chaps,i came out in 93 after 20yrs service on options for change phase two was acting Sgt but only get a Cpl's pension and i commuted some of my pension to get a larger lump sum,will this have any effect on any future raise ? It is these annual CPI increases that constitute index-linking – your scheme refers to them as Pension Increases (PIs). Register a free account today to become a member! So I retried after 22 on my 40th. Reaching the ripe old age of 55 - AFPS 75 pension increase. This calculator is designed to be used by Regular Service, MPGS and Reservist personnel including those with Transitional Protection. Date of discharge was 9th April 2012 - I ensured I was close to the new financial tax year. For those of you who will be receiving EDP benefits a gentle reminder – even though your EDP benefits are in payment, you will need to claim your pension when the time come. Maybe. Over'? Hell, no!â. His last post talks about restoring the pension after commutation - so it cannot be an invaliding pension as commutation would not have been allowed. The full increase is paid in subsequent years. Thank you for your feedback. 68 South Lambeth Road Help us improve GOV.UK. Applications are made on an AFPS Form 8. Which would be very easy to work out if I knew what my pre-commutation figure was? If you are unable to work full time due to mental or physical disability which is deemed to continue until your preserved/deferred pension age you can claim your pension early, with PIs added. Welcome to the Armed Forces Pension Calculator. JavaScript is disabled. Likewise been disappointed to see pension increase over the past 10 years nowhere near a 3% increase - some years less than 1% - but i've figured it's to do with increases in personal allowance & the mysterious "GMP", Checked late last night - retired as a WO2 in 95 after 22 yrs - gross pension increase since 2013 just 10%, Ministry of Defence | About Defence | Corporate Publications | Personnel Publications | Armed Forces Pensions Compensation and Veterans | Pension Codes | Tri Service Pension Codes 2002. Nothing is over until we decide it is! This calculator is designed to be used by Regular Service, MPGS and Reservist personnel including those with Transitional Protection. If you are leaving with a preserved/deferred pension, PIs will be added prior to the pension coming into payment to take account of all the PIs that have occurred since you left. Put very simply, those leaving in the first few weeks of April will get the full PI the following April, those leaving in October will receive about half of the PI the following April and those who leave in the last couple of weeks of March will get no increase in the following April. In this article we talk about the rules around the Resettlement Grant. For a better experience, please enable JavaScript in your browser before proceeding. There are currently two main redundancy schemes for regular members of the Armed Forces:... +44(0) 20 7820 9988 The CPI rate used is the CPI headline rate for the September prior to the April adjustment the following year. I can tell you that CPI inflation since 2010 is about 23% but I have no idea what it will be between now and 2025. You are using an out of date browser. The proportion of the first increase you receive can make a big difference to your cumulative pension income if CPI is high in the year you retire and, whilst most of you cannot do anything about your discharge date, for those of you who can, it is worth remembering that the date you leave matters. Close. http://www.arrse.co.uk/old-bold/155704-pension-increments.html, Armed Forces scheme pensions pensioners queries Xafinity Paymaster. Thanks FPS, got the address on my P60s, but will wait until I return home so I can review my paperwork and construct my questions with better facts etc. AFPS75 Pension % Increase over the years. That will NOT happen automatically! Heavy fighting erupts over separatist Nagorno-Karabakh (Armenia Vs Azerbaijan). Depends if you did 22 years and whether or not you commuted. Give me you date of discharge and I can tell you what to multiply you original pension award by. It may not display this or other websites correctly. JavaScript is disabled. If you are in receipt of an IP but not yet 55 you can apply for PIs to be paid early if you are unable to work full time due to permanent ill health. If so, little difference as you've already had your rises (that's what my missus says anyway) but again, depending on rank when getting out, you might get between 3/5ths and 4/5ths what you get already so if you pocket £400, £700 is possible.