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Army Pension
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# 1
Thunderpants
Old 14-08-2008, 5:12 PM
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Default Army Pension

Can anyone help me understand the ARMY pension scheme, I was discharged from the forces in 2001 on a medical discharge and was subsequently given a war pension(50% disabled) and non taxable service pension.

I have been advised that the service pension is indexed linked and payable at the age of 55, currently aged 49. My question is how do i know what pension i will be getting at aged 55 and how does index linking work, any advice would be appreciated.

But please make it easy to understand as my brain is a bit damaged.
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# 2
MikeJones
Old 14-08-2008, 5:35 PM
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Hi Thunderpants,

Get in touch with the Army's Pension Dept and ask them for a Statement of Entitlement (which you should have received upon cessation of service - as this is normal practise).

I would expect it to show your pension benefits at the date you ceased to be classed as an active member of the scheme (I am presuming here that you are in fact deemed to have ceased to be an active member).

A current Statement of Entitlement may show your pension benefits as they stand now, rather than as they were previously.

Index linking is one method of granting increases to your pension. Pension increases granted to pensions in payment are referred to as escalation, and where the pension is index linked, the pension will receive an annual increase equivalent to the increase in the Retail Price Index (RPI).

I am sorry to hear of your circumstances.

Mike Jones

I work in the field of Pension Education and Pension Guidance in the UK. I am a current member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser.

Last edited by MikeJones; 15-08-2008 at 9:51 AM.
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# 3
darcyvuqua
Old 14-08-2008, 6:01 PM
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hi i have a number for you for you to phone direct please pm me and i will enclose the number a direct line for army pension cheers
you cant change yesterday
but you can make tomorrow better
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# 4
Thunderpants
Old 15-08-2008, 1:46 PM
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Many thanks for the help
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# 5
chesky369
Old 15-08-2008, 11:21 PM
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You might want to have a look on the board further down 'For Who You Are and Where You Are' (or something like that); it has a section on UK army money matters.
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