Wednesday, 22 February 2017

SERVICE TO CIVVY - ARE YOU PENSION READY?


MOD’s Veterans UK organisation, part of Defence Business Services (DBS), has launched a campaign to encourage Service Personnel, Veterans and their families to get ‘Pension Ready’.

The campaign aims to promote the Armed Forces Pension Schemes, which are administered by Veterans UK, and motivate the Armed Forces Community to start thinking about their Pension throughout their Service career and not just as they are reaching the end of it.

Veterans UK provide several tools for Serving Personnel including; a yearly Pension Benefit Information Statement (BIS), one free Pension Forecast per year and the online Armed Forces Pension Scheme Calculator. Our Armed Forces are also encouraged to keep their Joint Personnel Administration (JPA) record up-to-date so when it’s time to apply for their Pension there will be no delays.

It’s also vital for the Veteran’s community to let Veterans UK know about any change of circumstances after they’ve left Service and to remember to apply for their Pension at the right time. Our former Armed Forces personnel deserve the Pension they are entitled to and at present our veterans are failing to claim £320M in Pensions they have built up during their Service.


‘You’ve earned it – you apply for it – we’ll pay it!’


Whether they are a new recruit, or a Serviceman or woman starting to think about the road ahead to Civvy Street, or a Veteran with a Preserved Pension, it’s never too early for them to start thinking about their pension.

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