army pension amount at 55

majormax

can anyone give us an idea of what my partner's pension will jump to in two years time when he reaches 55? 22 yrs Army, W01 retired 1997, commuted the max. Thanks all.

Apollonia

Here is a link to the booklet explaining how it is worked out:


http://www.mod.uk/DefenceInternet/AboutDefence/CorporatePublications/PersonnelPublications/Pensions/AFPS75/Afps75YourPensionSchemeExplained.htm

Around page 13 is the relevant info.

And a link to all the RPI annual change rates:

http://www.statistics.gov.uk/downloads/theme_economy/rp04.pdf


so all you need now is a calculator - have fun!

ETA: Oops! Just remembered that the Govt moved the goalposts and are using the CPI (Consumer, not Retail price index) from now on but that will only affect future increases and not those from 1997 to present.

majormax

thanks so much for the info....will take a look :beer:

moonrakerz

Start here:-
Army Personnel Centre,
Disclosure 2,
Mail Point 515,
Kentigern House,
65 Brown Street,
Glasgow,
G2 8EX
Tel: 0845 600 9663

they should be able to give you a good phone number, then you can get a much more accurate figure.

majormax

Thanks Moonrakerz....will do...may be a little easier. :j

molerat

Full uncommuted pension at discharge increased each year in line with RPI (CPI for future years), a simple excel spreadsheet. My calculation was £15.88 pa out after 15 years. A good ballpark figure for 15 years will be IRO double what he is getting now.

or8it

molerat wrote: »

Full uncommuted pension at discharge increased each year in line with RPI (CPI for future years), a simple excel spreadsheet. My calculation was £15.88 pa out after 15 years. A good ballpark figure for 15 years will be IRO double what he is getting now.

£15.88 per annum!! I'd take another look at the spreadsheet.

molerat

Terrible, it was an error of .17% after 15 years compounding