Contacting the Team – find out more

Pensions

About the
Schemes

Understand the different pension schemes
and find out what type of pension you have.

Which type of pension do I have?

People who left the Forces before 6th April 2005 are part of the AFPS 75 scheme – originally the Armed Forces Pension Scheme, it was renamed AFPS 75 after the AFPS 05 was introduced.

After 5th April 2005 new Regulars and Reservists joining Full Time Reserve Service joined the AFPS 05 scheme. All Regular Servicemen and women who joined active service before 6th April 2005 and were still serving by 6th April 2006 could choose to remain on AFPS 75 or transfer to AFPS 05.

On 1st April 2015 the Armed Forces introduced their CARE scheme (AFPS 15) for every form of paid service – Regular or Reserve. Servicemen and women who were members of AFPS 75 or AFPS 05 and under a certain age (45 for Regulars and 50 for Reservists) on 1st April 2012 had to move across to the new scheme. All pension earned up to 31st March 2015 in a legacy scheme became an accrued pension right that can’t be taken away.

The pension schemes

If you’re 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)

Full Time Reservists also had a separate pension scheme (FTRS 97) open to them between April 1997 and April 2006. This scheme was based on the AFPS 75 principles.

The current AFPS 15 pension scheme is a career average revalued earnings (CARE) scheme. This is a type of defined benefit pension scheme offered by employers.

The benefits at retirement are based on your earnings and length of membership of the scheme.

All other schemes are based on the final salary concept (AFPS 05 and RFPS 05) or a modified ‘representative salary’ version (AFPS 75).

AFPS 75

Regulars only – entry closed on 05/04/2005

A minimum of two years’ service is needed in the scheme in order to be entitled to any pension. Commissioned Officers can leave with immediate pension award entitlements after 16 years of service. Non-commissioned individuals can leave with immediate pension award entitlements after 22 years of service.

AFPS 05

Regulars only – entry closed on 31/03/2015

A minimum of two years’ service is needed in the scheme in order to be entitled to any pension. The same rules apply to all Regular serving personnel.

No immediate pension payable to leavers under the age of 55. There is an early departure payment income stream and lump sum payable to leavers aged between 40 and 55 if they’ve completed 18 years’ service.

RFPS 05

Full Time Reservists only – entry closed on 31/03/2015

Only one days’ service is needed to be entitled to this pension. The same rules apply to all Full Time Reserve serving personnel. No immediate pension is payable to leavers under the age of 60. There are no early departure payment awards. All short periods of service are payable at the age of 60 if personnel leave full time Reserve service at that age.

AFPS 15

All Regulars and All Reservists

A minimum of two years’ service are needed in the scheme in order to be entitled to any pension. The same rules apply for all Regular and Reserve personnel.

No immediate pension is payable to leavers under the age of 60. There is an early departure payment income stream and lump sum payable to Regular leavers only, aged between 40 and 60 if they’ve completed 20 years’ service.

Membership

Expert pension advice
& much more for just £40*

With FPS membership you get…

Access to expert
pension advice

Helping you navigate through the pension maze empowering you to make better informed decisions.

Big savings with
our exclusive
Member offers

Including health, travel, motoring, home, personal and legal and financial offers from our affiliates.

Free copies of
Pennant Magazine

You’ll also receive our biannual exclusive magazine, Pennant, and our bimonthly e-newsletters.

*Annual membership includes spouses.partners as Joint Members.
See Membership Rules and Rates for full details.

What our members say

“Wow!”

“Wow – thank you very much for the detailed e-mail. Having burnt my maths text books at the tender age of 16 this is exactly what I needed to make sense of what is a complicated system. Quite how anyone is supposed to be able to decipher that without your help is beyond me! I really appreciate the work you have put in and will recommend you to all my colleagues – a fantastic service.

Member

“Commissioned Officer pension supplement”

“Thank you for your advice regarding my claim for a pension supplement based on my years as a commissioned officer. I am pleased to report that my claim was successful and this brings the total payment to £9004.70. I have made a number of people aware of the Forces Pension Society and the work that you are doing to assist forces pensioners and their wives/husbands, I hope that they will all join and use your services.”

Member

“Incredibly grateful”

“Thank you for the most comprehensive breakdown of a pension that I have ever seen! You have given me lots to think about and have shown options that I didn’t know existed. I am incredibly grateful for you taking the time to prepare the information and for the work that you do on behalf of those of us still serving and those retired.”

Member

“Unclaimed pension”

“I have received overall £12743. Could not have done it without the support of the Society so I would like to thank you for pointing me in the right direction and particularly the help you gave me with the paperwork and answers to my questions. Really appreciate what you have done for me.”

Member

“A happy ending”

“I would just like to thank the team at FPS. I can confirm that over the last couple of weeks I have received several payments with regard to my claim, nearly £2000 tax free, £5600 after tax and nearly £600 for loss of interest in addition to a £45 monthly increase to my pension, so one very happy ex-serviceman. Once again thanks for your continued help and support in such matters”

Member

“Excellent guidance”

“Thanks to your excellent guidance I received a total of £10,218.99 in my bank account after tax. Really over the moon with this award and would have been totally unaware of it had I not contacted the Forces Pension Society.”

Member

“I am beyond thanks”

“Once again I am beyond thanks for the level of detail here, you have given me a lot to think about. By the way it was a talk you gave at RCDM that inspired me to join the society. It was miles above anything that UAO could give us.

Member

“Remarkable value “

“I am writing to express my gratitude to the Forces Pension Society having recently found myself caught in a wicked, and somewhat unique, pension trap. I had a consultation with Charlie King and Mike Davis, who seem to be not only amongst the few people who understand the complexities of the situation, but also able to communicate them in a way that I could understand. I cannot begin to think how much such advice would have cost from a paid professional. It makes FPS membership remarkable value. I continue to cajole my unsubscribed colleagues into doing so.”

Member

“Second to none”

“Your time and swift response to my requests have been second to none and I am very grateful. This will assist me very much, and from the info provided I have decided to take both resettlement and inverse commutation. The info and service provided already by Forces pension society without doubt a few quid very well spent becoming a member. If I do require any more guidance I will get in touch soonest.

Member

“Truly fantastic service”

“For those considering options outside of service life or just thinking through their future, I cannot recommend the Forces Pension Society enough. If I am honest I was a bit reticent to sign up, but am so glad I did. Their service truly is fantastic. I made an enquiry just two working days ago and yesterday morning I was given a call to talk through the specifics of my service, before receiving a full pension forecast by email in the afternoon. Thank you to the society and to Colin Thomas in particular for his great service. I am hugely appreciative.”

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