Pension at 50 ?

paul2468

I served for 14 years in the Army, i am now 52..someone told my that untill 1st April i can take out 25%........is this true and would it be worth it...i left as a full cpl.

Apollonia

I've never heard of that but have a look here for all the info on pensions:


http://www.mod.uk/DefenceInternet/AboutDefence/WhatWeDo/Personnel/Pensions/ArmedForcesPensions/AFPS75/ArmedForcesPensionScheme1975afps75.htm

TREVORCOLMAN

When I was in the Mob several years ago anyone who did at least 2 years qualified for what was called a "preserved pension" at 60.

you should have received some paperwork in your discharge pack up.

You need to check with someone in authority.

Hope this helps.

Andy_L

You will have your defered army pension & lump sum which is payable at 60. To take it earlier than that you will have to transfer it to a private pension, even then you have 1 month till the rules change and you have to wait till 55.
Transfering it to a private pension means giving up the "gold-plated" public sector guarantees & taking on the market risks/rewards