After 12yrs what do I get??

#1
I'm leaving the Army after 12yrs colour service, I had a printout from admin office as follows:
Annual preserved pension £4049.16
Presereved terminal grant £12147.48
Resettlement grant £8433.00

Am I correct in understanding these are paid out when I'm 60 less the resettlement grant? Also do I get a payout when I leave? I was always led to believe I got a lumpsum payout, even after twelve yrs.
Our pay Sgt informed me that the terminal grant is what I get paid, but now I'm not so sure. Can someone please help, as I dont want to sign off if I have nothing coming my way when I leave.
I have been a cpl for 4yrs and joined in 1990.
 
#2
You will receive your resettlement grant. Ensure your pay bod gives you the form to fill in which has instructions as to what bank account it gets paid into. Mine didn't and I had to sign on the dole for 3 weeks whilst my money was sorted out.

P.S. Buy a house with it. You have the opportunity now, don't blow it like I did (I say blow, but what I really did was get debt free then very, very drunk for a month).
 
#3
I make the total payout £20580.

I would strongly suggest you spend £20,000 on women and booze, and just waste the £580.

Hope this helps.
 
#4
You just get the Resettlement grant (unless the B@stards fiddled me when I got out!) The rest is payable at age 60, IF YOU ASK FOR IT.
 
#5
Is the resettlement grant a seperate entitlement to the money you get for resetlement courses. Does anyone know roughly how much you get to spend on courses themselves??
 
#7
extankie said:
Is the resettlement grant a seperate entitlement to the money you get for resetlement courses. Does anyone know roughly how much you get to spend on courses themselves??
Anything you pay out for in terms of resettlement courses comes out of the grant.
 
#9
Ask for a copy of Your Pension Scheme Explained.

Page 11:

IMMEDIATE RESETTLEMENT GRANT

If you complete more than 9 years from age 21
(officers) or 12 years from age 18 (other ranks)
and leave the service with no other immediate
benefits, you may qualify for a tax-free lump sum
to aid your resettlement into civilian life. Your
pension will be preserved for payment at the age
of 60.

If still unsure, contact belwo:

Army Pensions
Pay, Pension and
Personnel Administration
Armed Forces Personnel
Administration Agency
Mail Point 480
Kentigern House
65 Brown Street
Glasgow G2 8EX


9 4561 3600

0141 224 3600

afpaa-pensions-div@dial.pipex.com
 
#10
Ok thanks. I think I understand what I'm entitiled to, but just to make sure. Is the resettlement grant of £8433 the money I use toward resettlement courses? And any thats left goes in my pocket?
 
#12
I was always led to believe I got a lumpsum payout, even after twelve yrs.
Our pay Sgt informed me that the terminal grant is what I get paid, but now I'm not so sure. Can someone please help ?
This is either the AGC shirking their responsibility or you misrepresenting the facts. If the Sgt did tell you that you have a responsibility for ensuring he is either properly re-trained or sacked.

I suggest you get hold of your Tp Ldr & go with him to discuss this with the FSA, the Det Comd and the RAO. The system appears to be failing you. They are REQUIRED (and are paid & trained) to give you the full information on both the payments you will receive, when you will receive it, and the resettlement package (grants, training cses avail, travel claims for courses etc). What you have requested is very easy - if they cannot tell you clearly or start bluffing then ask for a CO's interview. Tell him the facts, he writes their CRs - & they will rapidly find oout & start telling people the facts and re-introduce the Sqn/Coy briefings that they are supposed to do anyway.

Christ, no wonder we get letters to Soldier mag about them - this is outrageous. Writing a letter to the RAO requesting facts in writing is always the best COA as they cannot later wriggle out of things.

G²

PS. Plan on the Resettlement Grant only when you get out, your resettlement expenses are IN ADDITION to this. Anything "preserved" is delayed until you reach 60 (but the amounts will have been indexed linked) If you live that long it will still be worth having - but tell your missus anyway because if you die beforehand she will have a call on it. MOD will not write asking you to claim this money - YOU do need to claim it so make sure a letter is filed away with the important stuff.
 
#13
Murielson said:
Ask for a copy of Your Pension Scheme Explained.

Page 11:

IMMEDIATE RESETTLEMENT GRANT

If you complete more than 9 years from age 21
(officers) or 12 years from age 18 (other ranks)
and leave the service with no other immediate
benefits, you may qualify for a tax-free lump sum
to aid your resettlement into civilian life. Your
pension will be preserved for payment at the age
of 60.

If still unsure, contact belwo:

Army Pensions
Pay, Pension and
Personnel Administration
Armed Forces Personnel
Administration Agency
Mail Point 480
Kentigern House
65 Brown Street
Glasgow G2 8EX


9 4561 3600

0141 224 3600

afpaa-pensions-div@dial.pipex.com
Just a small point, but if I am right could be dire: Does the new pension rules mean that instead of age 60 he will have to wait until 65 and that he will be compulsory transferred to the new pension
 
#14
The Resettlement Grant at 12 Years has got absolutely nothing to do with resettlement.

It is a Tax Free lump sum to help you 'Re' settle into Civvy Street.

The money for your resettlement courses is only £534, but on top of that you get your NRSA / DRSA.

Your pension is preserved until 60, and you get 3 times your annual pension as another Tax Free Lump Sum. But as someone stated, only if you ask the Pensions Office for it - so don't forget!!

As it stands just now, the preserved pension age is 60 for those under the current scheme. Who knows if it will change in time though. :?
 
#15
extankie said:
Ok thanks. I think I understand what I'm entitiled to, but just to make sure. Is the resettlement grant of £8433 the money I use toward resettlement courses? And any thats left goes in my pocket?
Short answer = NO.
 
#16
GP3 & others,

Your query ref the preserved pension highlights the clever way that this new scheme is cheating us. EVEN THOSE SERVING, WHO DO NOT SERVE UNTIL A PENSIONABLE ENGAGEMENT, ARE GOING TO BE DISADVANTAGED – WE HAVE NOT BEEN TOLD ABOUT THIS CHANGE IN OUR CONDITIONS OF SERVICE.

FACT. From a given date (prob 1/4/5) all service after that date will not be paid to you at 60 (with the current preserved pension earned and 3 times that you are presently due) but will be delayed to 65.

What does that mean ?

2 soldiers, one joins in Apr 1993, one joins in Apr 2004 both do 12 years leaving with a resettlement grant and a preserved pension & preserved terminal grant.

Soldier A. Leaves after 12 years service. At 60 he gets a preserved pension of 12/22 & a lump sum of three times the pension awarded which is then indexed linked.

Soldier B. Leaves after 12 years service. At 60 he gets a preserved pension of 1/22 & a lump sum of three times the pension awarded. At 65 he then gets 11/22 of the pension (index linked thereafter) & 3 times that as a lump sum (obviously lots of people die between 60 – 65….probably just a MOD financial oversight).

Do the maths - awful (& no one seems to know or care)

G²

Good to hear from someone happy at Elmpt....drink less meths
 
#17
good post :wink:


just stuck a post on the currant affairs forum about the Brown letter coming back possibly around April 05, the same time the new Pension rip off kicks in


http://www.arrse.co.uk/cpgn/index.php?name=Forums&file=viewtopic&t=10291


Looks like it could be making a comeback, i would hazard a guess
about April 05, in time for the new pension rip off
Any thoughts

Manning Control Points

Mr. Keetch: To ask the Secretary of State for Defence on how many occasions units have received lists of names for manning control point reviews in the last 18 months. [197082]

Mr. Caplin: Individual units may have received lists of names for manning control point reviews on up to 10 occasions in the last 18 months.
_________________
 
#18
Contact your IERO (resettlement officer). He/She will be able to tell you a bit more. You do dhave £534 for resettlement, but you are also able to claim for accommodation and subsistence when doing resettlement courses which is anothe £1500 or so.
 
#19
agoodgrouping said:
GP3 & others,

Your query ref the preserved pension highlights the clever way that this new scheme is cheating us.

Do the maths - awful (& no one seems to know or care)

G²

Good to hear from someone happy at Elmpt....drink less meths
The saying is "Cost Neutral" to the Treasury - so I would have to question the thought process - is it morally good: what is going to happen !!!!
 
#20
I have recently completed the NEBS Course at Worthless Down (pensions). You will be paid the resettlement grant two weeks after your terminal leave finishes along with the balanceof your pay account. With regards to your Preserved Terminal Grant and Pension, you will receive life certificates periodically (unsure of time scale) which you are to complete and return to the sender (i imagine APC), up until the age of 60 where you can then claim your pension and terminal grant.

As for paying for your resettlement, you are entitled to £534.00 for resettlement, however subsistence allowance (NRSA.EE/PIE) make this figure up to some £3000, depending on how many resettlement days you are entitled to. Once you have used your days you are not entitled to any allowances, but you may wish to pay for it out of your own pocket, i.e. the resettlement grant.

Hope this helps.
 

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