Timecodes: 0:00 Intro 0:20 How To Apply For An Armed Forces Pension Forecast 1:37 Understanding the Pension Forecast 7:29 Visual Walkthrough 9:42 Final Thoughts 10:34 Outro
@Kalarandir
4 ай бұрын
I requested mine to check how my own spreadsheet calculations looked based on getting my military pension at age 60. Surprisingly, after 30 years, I was only about 10% out, and would actually receive more than my calculations.
@DesperateDan3231
4 ай бұрын
Great video. Just received my forecast, it's really easy to do. It's worth mentioning, that when applying you'll get to choose a leaving date so choose one on or after your 20/40 point.
@thesavvysquaddie
4 ай бұрын
Great point, thanks for adding.
@dmc9487
4 ай бұрын
I will. On the AFP75 . Due in 3 years.
@MikeeTompkins
4 ай бұрын
Thanks for the great video, my forecast is split between schemes 75 and 05, I left in 2009. Just wondering will any of the two pension amounts stop when the other one kicks in or is it in addition to the first one at age 60? Thanks
@thesavvysquaddie
4 ай бұрын
Many thanks. From what you've said, my understanding would be that they are paid together just like my 05 and 15 schemes will be. If you're a member of the forces pension society, they can offer a detailed explanation of benefits specific to your circumstances. The membership is around £45 a year
@sappyjayjay
3 ай бұрын
Thanks for the info, I applied weeks ago and have received nothing, is it a letter or email?
@thesavvysquaddie
3 ай бұрын
If you applied via ModNet then it'll be an email. If you applied by the paper form then it should come to you in the post.
@minimad8793
4 ай бұрын
with regards to getting the pension forecast, I asked for one and received it back fairly quickly but as I already have the afps75 in payment, they only showed the afps15 entitlements. I would have thought it would show both, as the 75 scheme will increase at age 55 with all the PI increments added on (which I was looking for in the statement). Guess i wont find out till it becomes payable.
@MikeeTompkins
4 ай бұрын
How long did you wait for yours to come through, I've been waiting for mine for over 2 weeks sent via the post signed for?
@MrWadstw
2 ай бұрын
What happens to EDP if you take actuarial reduction at 55 to claim your pension early?
@thesavvysquaddie
2 ай бұрын
It will continue to be paid up until state pension age
@Kilex6522
4 ай бұрын
Does it take into account any broken service, i.e. MPGS soldiers who have re-joined?
@thesavvysquaddie
4 ай бұрын
To be honest, I'm not 100% sure on this. There is a small part on the cover letter which says, "If you have rejoined the Armed Forces within 5 years, the pension benefits in this forecast will replace any previous award notified to you."
@Kilex6522
4 ай бұрын
@@thesavvysquaddie Thanks
@MikeeTompkins
4 ай бұрын
How long does it generally take to get the forecast back via the post?
@thesavvysquaddie
4 ай бұрын
I can't accurately comment on that as I went the digital route. But I can't imagine it would take more than 10 working days to get back to you.
@Kalarandir
4 ай бұрын
I requested mine by post and it was about 6 weeks after I sent it before I had my forecast returned. So don't hold your breath.
@Laser82
4 ай бұрын
I think you've just helped people see how poor the pension actually is. It has been cut twice in 10y by a large amount.
@thesavvysquaddie
4 ай бұрын
Really? Can you explain to me where else I can expect to get £18k a year from a workplace pension when I don't contribute a penny towards it and after only working for 24 years? The pension is not poor. It's one of the best workplace pension schemes currently available out there.
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