Armed Forces Personnel - tell the MOD about its effect on your finances.

EmmEve

Trying_to_be_good wrote: »

If sandyfour had completed 33 years in the military, I'm not sure how his pension can be so small, nor why he can't claim JSA if he's looking for a new job - can anyone help out on the rules? The contract runs to 55 (for FTC officers), so it's not a shock that it ends at 55 - the immediate payment of the full pension (on AFPS75) rather than waiting until a later pension age, be it 60, 65 or something in between, is an advantage rather than a disadvantage, I'd've thought.

Pension income is counted when applying for JSA. For every £1 you bring in over a certain amount (think it was £60 a wk but not sure) a £1 is knocked off your JSA. I asked someone i know who works for the jobcentre about this recently. I know for my dh who is no where near his 22 yrs yet we would not get JSA once his pension income kicks in.