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Joining the MPGS
Fabio79
Posts: 16 Forumite
Hi there i'm coming to the end of my 22 yrs and considering joining the MPGS. I will be 39 yrs old when i leave and the benefits of joining are i can keep my married quarter and continue to save until my investments come in when im 45 yrs old.
I'm a Petty Officer in the Navy so does anyone know if i'm able to take my full pension on 22 yrs and work for the MPGS or do i have to have a reduced rate of pension whilst working for them?
Regards
I'm a Petty Officer in the Navy so does anyone know if i'm able to take my full pension on 22 yrs and work for the MPGS or do i have to have a reduced rate of pension whilst working for them?
Regards
0
Comments
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https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/403164/20131112_FAQs_V140.pdf
Seems it could be complicated
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
0 -
If your pension is £8000 at 22 years (for example). When you reach 22 years + 1 day, your effectively working for £8000 less.
Choose wisely..... id rather work somewhere else part time, and have Pension topup.0 -
Morning,
At the moment my pension after my 22 years will be £9680 a year so with the prospect of having to move over to a new pension with the MPGS i think that wouldn't be wise.
When you mention a pension top up does that mean working part time to add to it?
Regards0
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