How do i apply for British Army pension?

pterri

SVaz said:

2.2704 for December 1995 🙁
Barely doubled in thirty !!!!!! years

See the earlier post “ Per the BoE inflation calculator, goods costing £10 in 1996 would cost £19.70 now” it’s beaten inflation, better than most DB pensions. It’s not a pot of money that can grow more than inflation, or plummet way below. Most people would kill to get an inflation proofed income, it’s a good deal. 

QrizB

SVaz said:

2.2704 for December 1995 🙁
Barely doubled in thirty !!!!!! years

But that's the rules of the scheme.

Hence my question, why were you expecting anything else?

Silvertabby

QrizB said:

SVaz said:

2.2704 for December 1995 🙁
Barely doubled in thirty !!!!!! years

But that's the rules of the scheme.

Hence my question, why were you expecting anything else?

Anecdotal stories from fellow vets, who retired much earlier and who saw the huge inflationary increases of the late 1970s/early 1980s?

Those of us who left with immediate pensions  (from age 40 onwards) had the option of term commutation - ie, give up some of our pensions for an additional tax free lump, but the reduction only applied until age 55. The pension, with or without commutation, then flat-lined until 55.    At that point, pensions are restored to the pre-commutation value AND index linked back to the date of leaving.  Those who left in the 1970s/80s had HUGE increases when they hit 55.  Not so much for those of us who left from the late 1990s onwards.  No, I am  not complaining!