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Discuss Pension increase at 55 in Finance & Pensions on Navy Net; Hi I had a butchers around site and cannot see this Qraised. As a % does anyone know how much the pussers pension goes up to for those thatdid max commutation on leaving after 22year ...
  1. #1
    Senior Member Sumo's Avatar
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    Question Pension increase at 55

    Hi I had a butchers around site and cannot see this Qraised.
    As a % does anyone know how much the pussers pension goes up to for those thatdid max commutation on leaving after 22year service?

    Wanted to write something witty and profound, but couldn’t be bothered.

  2. #2
    Senior Member BreathingOutOnTheWayUp's Avatar
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    Quote Originally Posted by Sumo View Post
    Hi I had a butchers around site and cannot see this Qraised.
    As a % does anyone know how much the pussers pension goes up to for those thatdid max commutation on leaving after 22year service?
    Whatever advice you receive at RR might be useful but even at its best it will be 'Unofficial'.

    That might be Ok if you only want a rough idea.

    Otherwise these people are your best bet for a relatively small stake (I don't know if their special promotion is still valid though)

    The Forces Pension Society - Protecting Your Interests



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  3. #3
    Senior Member Sumo's Avatar
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    Thanks, ball park % was all was after, does not realy matter how much as her indoors will spend all + more
    Wanted to write something witty and profound, but couldn’t be bothered.

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    Senior Member BreathingOutOnTheWayUp's Avatar
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    ===========================================

    ==========================================

    PS The link within the above Link seems Kaput but this one does work.

    Forces Pension Society - Fighting for the Forces and their Families
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    Senior Member Sumo's Avatar
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    Thanks I'll have a look later its a bared site from work web
    Wanted to write something witty and profound, but couldn’t be bothered.

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    Senior Member SONAR-BENDER's Avatar
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    Sumo, prepare to be disappointed........, much better than nothing and grateful for it etc. Try doubling what you are getting now, then knocking about 10% off.
    Waspie likes this.
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    Moderator chieftiff's Avatar
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    It's fairly simple to calculate how much you should get, obviously you won't know exactly how much until you are within a few months of turning 55 but you'll get a good guide. Take your pension on discharge, before commutation, and compound all the annual pension increases in (RPI until last year then CPI - available from the National Statistics website) If that's too tricky try reading this thread on ARRSE which also includes a handy spreadsheet on page 1 that you just need to fill in with the appropriate information (RPI rates and pension on discharge: Pension Increase

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    If your not arsed doing all your sums and percentages, you will get around a grand a year extra.

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    Senior Member Guzzler's Avatar
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    Complete bollocks.
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  10. #10
    Senior Member BreathingOutOnTheWayUp's Avatar
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    Quote Originally Posted by Guzzler View Post
    Complete bollocks.
    There you go, Sumo. You won't get a better unofficial answer than that...
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