Commutation of Army Pension - Is it worth it?

Fergie76

LxBloke wrote: »

Hiya. Without being too nosy may I ask what a WO1 22 Year pension is annually without commutation and the likely figure at aged 55. I left in 06 as WO1 but have no idea as I commuted max. Grateful for any help. Oh Im aware of the 15 x CPI RPI malarkey but just wanted 2 ballpark figures. Thanks

http://www.mod-pc.co.uk/

Apollonia

LxBloke wrote: »

Hiya. Without being too nosy may I ask what a WO1 22 Year pension is annually without commutation and the likely figure at aged 55. I left in 06 as WO1 but have no idea as I commuted max. Grateful for any help. Oh Im aware of the 15 x CPI RPI malarkey but just wanted 2 ballpark figures. Thanks

There's a pension projection excel spreadsheet someone on arrse made:
http://www.arrse.co.uk/community/threads/pension-increase.107740/

See post 9 by chris951. I saved it to my PC, plugged in my IP figure and now I just have to add the latest CPI every year to get a ball park figure.

In fact that whole thread is very useful with good explanations of how to work it all out.

LxBloke

Thanks troops although I may be being thick as I couldn't use the Gov site one as it only allows you to forecast if still serving.
As a ball park I recon I should be getting at 55 about my pension of around 12 x by 1.7 so around 20k

that sound about right ???:D