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   How many AFPs pension schemes are there?

   • There are three Armed Forces Pension Schemes (AFPS) for members of the Regular Armed Forces: If you enlisted or were commissioned as a member of the Regular Armed Forces before 6 April 2005, you will have automatically joined the AFPS 75 scheme. From 6 April 2005, AFPS 75 was closed to new members.

   Armed Forces Pension Scheme explained

   www.which.co.uk/money/pensions-and-retirement/company-pensions/public-sector-pensions-explained/armed-forces-pension-scheme-explained-aqaaF4k5XB8w

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   What are the Armed Forces pension schemes?

   • Information related to the Armed Forces Pension Schemes. When a member of the armed forces reaches their retirement age, they receive one of the most generous pensions available in the UK. This fairly reflects the unique sacrifice they have provided their country throughout their career.

   Armed forces pensions - GOV.UK

   www.gov.uk/guidance/pensions-and-compensation-for-veterans

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   What is the Armed Forces Pension Scheme 1975 (AFPs 75)?

   • This booklet will tell you everything you need to know about the Armed Forces Pension Scheme 1975 (AFPS 75). In particular, it gives guidance to the range of benefits available to you as a member of AFPS 75, to help provide financial security for you and your dependants up to retirement age and beyond.

   AFPS 75: your pension scheme explained - GOV.UK

   assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/911030/FINAL_DRAFT_-_AFPS_75_Your_Scheme_Explained.pdf

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   Can AFPs 15 pensions be taken away?

   • Personnel who were transferred into AFPS 15 retained accrued rights from their legacy pension scheme, which means that pension earned up to 31st March 2015 in their legacy scheme cannot be taken away. All personnel who joined the Regular Armed Forces and Reserve Forces from 1st April 2015 became members of AFPS 15.

   Forces Pensions explained. Military pension guidance from Forces

   forcespensionsociety.org/pensions/

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2. www.gov.uk › guidance › pensions-and-compensationArmed forces pensions - GOV.UK

   www.gov.uk › guidance › pensions-and-compensation

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   Dec 12, 2012 · A world class pension scheme for your military service. When a member of the armed forces reaches their retirement age, they receive one of the most generous pensions available in the UK.

3. www.which.co.uk › money › pensions-and-retirementArmed Forces Pension Scheme explained - Which?

   www.which.co.uk › money › pensions-and-retirement

   Jan 17, 2024 · There are three Armed Forces Pension Schemes (AFPS) for members of the Regular Armed Forces: AFPS 75. If you enlisted or were commissioned as a member of the Regular Armed Forces before 6 April 2005, you will have automatically joined the AFPS 75 scheme. From 6 April 2005, AFPS 75 was closed to new members. AFPS 05

4. www.moneyhelper.org.uk › en › blogA guide to Armed Forces pensions | MoneyHelper

   www.moneyhelper.org.uk › en › blog

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   Aug 1, 2023 · The maximum pension you can receive is up to 57% of your final pensionable pay, plus a tax-free lump sum of three times your annual pension. This maximum comes from 40 years of service. For AFPS 15, the pension is based on a Career Average Revalued Earnings (CARE) scheme.

5. assets.publishing.service.gov.uk › governmentArmed Forces Pension Scheme 1975 - GOV.UK

   assets.publishing.service.gov.uk › government

   Armed Forces veterans receive one of the most generous pension schemes in the UK. There are currently three Armed Forces Pension Schemes (AFPS) for members of the Regular Armed Forces: • Armed...

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6. forcespensionsociety.org › 2024 › 07Armed Forces Pension Scheme Annual Report and Accounts 2023–24

   forcespensionsociety.org › 2024 › 07

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   The MoD recently published the Armed Forces Pension Scheme (AFPS) Annual Report and Accounts 2023–24 (year ended 31 March 2024). The report and accounts consist of an accountability report, financial statements and annexes covering AFPS membership statistics and information for members.

7. forcespensionsociety.org › pensionsForces Pensions explained. Military pension guidance from ...

   forcespensionsociety.org › pensions

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   The current pension scheme, AFPS 15, is a Career Average Revalued Earnings (CARE) scheme. This is a type of defined benefit pension scheme offered by employers. The benefits at retirement are based on your earnings and length of membership of the scheme.

8. forcespensionsociety.org › 2022 › 01Understanding How Your Armed Forces Pension Will Change in ...

   forcespensionsociety.org › 2022 › 01

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   AFPS 15 pays a pension immediately to those who serve until age 60 and defers it until the member’s state pension age (SPA) for those who leave before that age. AFPS 05 pays a pension immediately to those who serve until age 55 and preserves it until age 65 for those who leave before that age.