The
Armed Forces occupational pensions scheme, the AFPS,
provides a valuable pension package for regular
Service personnel which includes enhanced
attributable death and injury benefits. Benefits
can be further enhanced by members through
Additional Voluntary Contributions. For further
information refer to the booklet, Your Pension
Scheme Explained, which was recently provided to all
Service personnel. Attributable death and injury
benefits are also paid to Reservists under the
Reserve Forces (Attributable Benefits Etc)
Regulations.
As a Regular soldier you
are automatically a member of the Armed Forces’
Pension Scheme (AFPS). You do not contribute
directly from your pay into a pension fund, but the
AFPRB does make an adjustment to your salary to take
into account the relevant benefits of the Services'
scheme when compared with civilian pension
arrangements. The main advantage of the Services'
scheme is that you receive an immediate pension
after 22 years' reckonable service (for soldiers
from the age of 18) or 16 years' reckonable service
(for officers from the age of 21). This variation
is historical and is being reviewed.
Find the
Best Financial Packages
