Original_Punk
Old-Salt

Greetings all, I am currently out of the country and unable to review my P60's until next month, but before I send a letter to Equiniti querying my pension increase, just wanted to see if I have missed something that members may be able to advise me on.
I left the Army in 2012 after nearly 28 years and in receipt of an AFPS75 WO1 pension, with part of it being taxable as it is above the personal allowance and therefore taxable at 20%.
My Army pension is the first element that gets taxed before any other income as I knew that it would be "regular".
I will give you the monthly net increases year by year:
In 2013 - increase of £22.40 per month
In 2014 - increase of £16 per month
In 2015 - increase of £3.20 per month
In 2016 - increase of £6.80 per month
In 2017 - increase of £8.20 per month
In 2018 - increase of £6 per month
Question I have, does anyone have an easy link to the annual pension % increases so that I can check against my increases before I go to Equiniti?
I am led to believe that this year's increase is 3%, so my net monthly pension should increase by approx £34, not £6. And then there are the previous years to be reviewed. I regret that I have not paid much notice of this before as I was in gainful employment, but at the moment on the job search again and every £1 in the bank helps.
Grateful for your comments fellow members.
I left the Army in 2012 after nearly 28 years and in receipt of an AFPS75 WO1 pension, with part of it being taxable as it is above the personal allowance and therefore taxable at 20%.
My Army pension is the first element that gets taxed before any other income as I knew that it would be "regular".
I will give you the monthly net increases year by year:
In 2013 - increase of £22.40 per month
In 2014 - increase of £16 per month
In 2015 - increase of £3.20 per month
In 2016 - increase of £6.80 per month
In 2017 - increase of £8.20 per month
In 2018 - increase of £6 per month
Question I have, does anyone have an easy link to the annual pension % increases so that I can check against my increases before I go to Equiniti?
I am led to believe that this year's increase is 3%, so my net monthly pension should increase by approx £34, not £6. And then there are the previous years to be reviewed. I regret that I have not paid much notice of this before as I was in gainful employment, but at the moment on the job search again and every £1 in the bank helps.
Grateful for your comments fellow members.