Armed Forces Pension

AngryDave

I know this technically belongs in the Pensions forum but thought I would get a better response here.

I joined the Services earlier this year and am 22 on a Permanent Commission signed up until my 40th Birthday or longer. I recently received information on the Armed Forces Stakeholder Pension with Scottish Widows and was wondering if people would recommend it? I am of course on the new 2005 onwards pension scheme.

I already save into and ISA and investment funds but is it worth joining the Pension Scheme and topping up what I would already get on retirement/at age 55 or should I go down a different, perhaps private pension route?

johng_uk

I think you would need INDEPENDENT financial advice tbh. I would find a decent IFA and take it from there. Where to save for your pension is one of the most important decisions you can make, and making the wrong one would be bad news!

mcwarre

Ditto above

new2civvystreet

Angry Dave, try looking at the Forces Pension society. http://www.forpen.org/

OK, it's £23 a year but they have pensions experts that will give advice for free as long as you are a member.

These are the people that do the pensions breifs at the resettlement centres so you know that they're not going to give you duff gen.

ooobedoo

I ditto it as well, but a quick look at this:

www.mod-abc.co.uk

might be worth a look, there is a pensions calculator on there as well

Gurkhaman_Swaroop

I served with the Brigade of Gurkhas from September 1969 to May 1981 (12 years), and I voluntarily resigned. I have now learned that I am entitled to a preserved pension but don't know where and how I can confirm this, and what I need to do to claim? I would be very grateful for any advice on this please.

CHR15

Gurkhaman_Swaroop wrote: »

I served with the Brigade of Gurkhas from September 1969 to May 1981 (12 years), and I voluntarily resigned. I have now learned that I am entitled to a preserved pension but don't know where and how I can confirm this, and what I need to do to claim? I would be very grateful for any advice on this please.

There are diffrent rules for Gurkhas but I did have a post with some contact information for people in your position

http://forums.moneysavingexpert.com/showthread.html?t=995495

I'm sure if you contact them, they will put you through to the correct department.

Good luck

Gurkhaman_Swaroop

CHR15 wrote: »

There are diffrent rules for Gurkhas but I did have a post with some contact information for people in your position

http://forums.moneysavingexpert.com/showthread.html?t=995495

I'm sure if you contact them, they will put you through to the correct department.

Good luck

Thank you very much Chris, much appreciated. Did you mean this contact information for me to contact regarding my query? :

Freephone 0800 085 3600
email: [EMAIL="JPAC@spva.mod.uk"]JPAC@spva.mod.uk[/EMAIL]

CHR15

Yes, that's correct.There is a different department for Gurkhas, but they will know who you will need to speak to.

Gurkhaman_Swaroop

Thanks Chris, much appreciated. I shall update on how I fare.

old_soldier_3

You could write to the following address to put a claim in for your pension

Pensions Division
Mailpoint 480
Kentingern House
65 Brown street
Glasgow
G2 8EX


they should be able to sort you out