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