Leaving the army

#1
I am signing off the army in may 2013 so would be out in 2014 may at my 12 year point as a level 5 c higher band pl what half pension will I get and what will I be intiledtel to ? Can you help
 
#3
Write in person to SPVA for a detailled forecast, else use the JPA pension calculator for your entitlements
 
#4
Army half pay pension is payable between ages 18 and 55, so that's 37 years or 1/74 for each year.
Multiply your annual pay by the number of years you have served over the age of 18 and divide by 74. You will get that at aged 60 (or 65, or 67, or 68 or whatever age future governments decide to raise it to).
eg. Pay 20,000 a year and you have done 12 years. So that's 20,000 x 12 = 240,000/74 = £3243 ish.
 
#9
Bb, There is no such thing as half pension, you will receive a Resettlement Grant c£9000 and then you will get a Preserved Pension at 60/65, providing you claim it. So think very seriously about your decision, have you got a well paid job with a good pension to go out to?
 
#11
Pensions Div
SPVA
65 Brown Street
Glasgow
G2 8EX

Write to them (in person) ie not a mucker or an officer requesting your pension forecastm, they will send you a breakdown of your Resettlement Grant, no payment till you are 60, then an uplift at 65 I believe, but this will be explained to you in the letter and or pack you will receive, else use the Pensions calculator available on the JPA Splash screen or if JPA unavailable then get a HRA to do a notional input on your behalf but again this will only show a generic forecast and may not take into consideration any uplifts in pay or payment from a specialised pay scale ir Nurses, SF etc
 
E

EScotia

Guest
#13
Thank you some one told me I get 10000 when I leave as is this true ?
Are you a fucktard? You've been advised what to do and you keep asking bone questions based on some bollocks you've been told?

Write to SPVA Pensions Div for a forcast & join the Forces Pension Society.

Now I understand why The Snail starts smacking naughty boys' legs with fury!
 

oldbaldy

LE
Moderator
#15
Bb, There is no such thing as half pension, you will receive a Resettlement Grant c£9000 and then you will get a Preserved Pension at 60/65, providing you claim it. So think very seriously about your decision, have you got a well paid job with a good pension to go out to?
Thank you some one told me I get 10000 when I leave as is this true ?
Have a look at paymaster's quote.
 

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