Navy Net - Royal Navy Community

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

AFPS15 Added Pension or SIPP

Kevin84

Newbie
I am considering adding to my pension through personal contributions to lower my tax liability and generally save more for retirement. I am 34 and been in the RN for 8 years. I'm not looking for any specific calculations or details, but a very broadly, is it more worthwhile to buy added pension using AFPS15 or invest in a SIPP?

If anyone has any thoughts, I'd appreciate them.
 
Having been out of the RN for just under 2 years, the best thing I ever did was to use the added pension feature of the afps 15 scheme. I gained an increase in the EDP payment and also a great starting point for the deferred 15 scheme pension. Think of it as an insurance policy for yourself. Earlier you do it the better the reward at retirement. Mine is going towards the holiday fund. I must add I left with 22 years on afps 75 so the 15 scheme was a bonus
 
Thread starter Similar threads Forum Replies Date
gerrysurfs Medical discharge under afps15 Finance & Pensions 9
MoD_RSS COVID-19: Additional guidance added MoD News 0
MoD_RSS Canary Islands, Denmark, Maldives and Mykonos added to travel corridor exempt list MoD News 0
MoD_RSS Italy removed from travel corridor list and Crete added to list for England MoD News 0
MoD_RSS Greek islands of Lesvos, Santorini, Serifos, Tinos and Zakynthos added to travel corridor list MoD News 0
MoD_RSS Thailand and Singapore added to travel corridor exempt list for England MoD News 0
E Added pension Finance & Pensions 5
MoD_RSS Convicted waste fraudster has more than 9 years added to jail time for failing to repay £1.3 million in ill-gotten gains MoD News 0
MoD_RSS Jodrell Bank added to UNESCO World Heritage List MoD News 0
vauxhall AFPS 15 and Added Pension Finance & Pensions 0
MoD_RSS Press release: UK-led mission to improve climate change forecasts added to European Space Agency programme MoD News 0
MoD_RSS News story: Pakistan: Terror group leader added to UN Sanctions list MoD News 0
MoD_RSS Press release: More than 600 homes added to flood warning service MoD News 0
vauxhall Added Pension Increases Finance & Pensions 0
L Prnc added time Joining Up - Royal Navy Recruiting 7
B Pension 75 and 05 will not be added together Finance & Pensions 17
snapdragon Joining date! Plus added spookiness! Joining Up - Royal Navy Recruiting 38
vauxhall Changes to the Forces Pension Society Roadshow Programme Finance & Pensions 0
MoD_RSS Pension costs review for Northern Ireland Water MoD News 0
MoD_RSS Simple statements boost for pension planning MoD News 0
MoD_RSS Landmark pension proposals will protect savers from scams and help tackle climate change MoD News 0
MoD_RSS Pension boost protected by new bill MoD News 0
MoD_RSS Government launches cross-sector Working Group to help address multiple small pension pots MoD News 0
MoD_RSS Government to help pension schemes seize long-term opportunities MoD News 0
MoD_RSS Taking action on climate risk: Improving governance and reporting by occupational pension schemes MoD News 0
MoD_RSS Britain’s pension schemes lead on climate risk MoD News 0
MoD_RSS New Chair of Firefighters’ Pension Scheme Advisory Board of England appointed MoD News 0
K AFPS 75 - preserved pension rates Finance & Pensions 2
MoD_RSS Landmark Pension Schemes Bill proceeds to House of Commons MoD News 0
MoD_RSS Canada Pension Plan MoD News 0
MoD_RSS GAD's support on pension entitlements for fee-paid judges MoD News 0
MoD_RSS Pension Credit claimants now able to apply online MoD News 0
MoD_RSS GAD project helps 1,000+ pension scheme members MoD News 0
MoD_RSS Pension investment advisor banned MoD News 0
A OR2 full career pension rates 1998 Finance & Pensions 8
B Commute my pension or not? Finance & Pensions 4
MoD_RSS GAD pension specialists share expertise at industry conference MoD News 0
theoldti FTRS effect of pay rise on pension abatement Finance & Pensions 4
MoD_RSS GAD’s review of the Local Government Pension Scheme (Scotland) MoD News 0
MoD_RSS Statement from the Secretary of State on the Clinician Pension Tax Scheme MoD News 0
vauxhall How good is your pension? Finance & Pensions 0
MoD_RSS Russell Agius reappointed to the Judicial Pension Board MoD News 0
MoD_RSS Changes to the currency of UK State Pension and Industrial Injuries Disablement Benefit paid into Yemeni bank accounts MoD News 0
J Collection Pension From Overseas Finance & Pensions 2
vauxhall Pension Roadshow Schedule 7-11 October Finance & Pensions 0
B Pension for reservist 1 year operational service Finance & Pensions 1
MoD_RSS Multi-million-pound pension liberation bosses banned for 34 years MoD News 0
MoD_RSS Pension entitlements for fee-paid judges MoD News 0
vauxhall Keeping an eye on your pension! Finance & Pensions 0
MoD_RSS Non-Executive Chair to the Civil Service Pension Board: 5 September 2019 MoD News 0
Similar threads


















































Latest Threads

Top