Deferred military pension - lifetime allowance

JBone78 wrote: »

Thanks. At 2% annual growth it would be approx £16k per year. So... do I abate the lifetime allowance by 20 x £9k or 20 x £16k ?

Cheers

16k? Don't kid yourself. I left in 2005 with an immediate pension of £11k. I now get £14k.

For the last few years the increase has been 1%.

Yes but I have a preserved pension - not immediate - and won't begin to draw my pension until 2037.

Your deferred pension will increase each year with CPI inflation so, in theory, it will buy the same amount of goods and services as your £11K pension would buy today.

Please don't make the mistake of trying to extrapolate the increases to 2037 and then think of that figure in today's spending terms!