This week we have a question on Added Pension for you.
What is the benefit of paying added contributions into the Armed Forces Pension Scheme rather than paying into a civilian self-invested personal pension (SIPP).
We cannot advise on which will be best for you, but we can say that the AFPS is guaranteed by Government and not subject to stock market fluctuation. You are also locked in for only one year at a time, and you decide what you can afford to pay in – and remember, because it comes out of pay before tax, it reduces your tax liability.
Earlier this year we did a week of Q&A on this topic which you can read here
