Today, we’ll be concentrating on Serving Personnel, and what better way to start with briefly explaining the Armed Forces Pensions Schemes – do you know yours?
We often get asked ‘what pension scheme am I on?’
So, today, we’ll start by helping you to better understand the different pension schemes, and find out what type of pension you have.
To begin, for those who are currently serving in the Armed Forces, there are four pension schemes you could have rights to:
AFPS 75 (Regulars only – entry closed on 05/04/2005)
AFPS 05 (Regulars only – entry closed on 31/03/2015)
RFPS 05 (Full Time Reservists only – entry closed on 31/03/2015)
AFPS 15 (All Regulars and All Reservists)
*Note: On 1 April 2022 all serving personnel became members of AFPS15, and all legacy schemes closed on 31 March 2022. You can read more about the AFPS15 Remedy here
The guide below briefly explains each scheme – just click to open and download.
You might also wish to read Which type of pension do I have?
And, finally – your scheme booklets from the Ministry of Defence – which explain the full rules – can be found at the following links:
AFPS 75 – AFPS 05 – RFPS 05 – AFPS 15
And for Veterans, there will be something about Preserved and Deferred Pensions later in the week.
