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Plan to get the most from your pension

Whether you’re at the start of your military career or nearing its end, there are numerous options built into Armed Forces Pension Schemes.

Understanding what they are and how to exercise them can make a big difference to your eventual pension income. And the earlier you begin the planning process, the better the final result.

Make this year the time you find out about your options such as pension top-ups, commutation, when is the best time to leave, forecasts, taxes on LTA and Annual Allowances, pensions on divorce, medical discharge and joining the Reserves.

The schemes are complex and you may be on more than one. Our Pension Advisory Team is here to help you through the pension maze and tailor guidance to your individual needs.

Here's a recent thank you from a Member currently in the process of transitioning from the Army...

"I have to say, my FPS membership has been invaluable - timely expert advice that I could not have accessed any other way. It’s difficult to put a value on the advice I have received this far but I’m confident that it runs into tens of thousands of pounds.  

As I transition from the Army and grapple with my functional limitations, it is hugely reassuring to have clarity on my financial underpinnings. I’m enormously grateful for the expert advice I have received - I don’t think I’m over stating the case when I claim that your diligence and steadfast commitment to serve the Forces community really does have the potential to have life changing consequences. Thank you for everything you and the team do for us."

It really does pay to understand your pension!

Find out more about Membership here

Image: UK MOD © Crown copyright 2021

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