My Army pension from when I left in 1986

fordcapri2000

I have been tidying up my pensions that I have taken out over the decades, I have now stuck all of them into my Aegon pension plan. The only one I know very little about now is my small Army pension which I got after leaving the Forces back in 1986. I had served 7 years and was then 24, back then it was worth £650 a year when I reached 65.

I have no idea what it is worth now, or even if the latest changes in the budget give me more options.

Can anyone advice, just ballpark numbers will do for now.

atush

it is a DB pension so the latest changes mean nothing to it.

But you should contact the pension office concerned and give them your current address and details so they can send you a new projection. It should have raised thru indexing over that time?

xylophone

http://www.mod-pc.co.uk/ You could contact and enquire about your deferred pension?

Remember that a deferred DB pension is a valuable benefit and a transfer out to a personal pension/DC scheme is almost always a bad idea, so much so that any receiving scheme would require an IFA sign off.