, The Forces Pension Society 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! This increase comes into force not on 1 April each year but on the first Monday after the beginning of the new tax year. London This calculator is designed to be used by Regular Service, MPGS and Reservist personnel including those with Transitional Protection. 9 May 2018 #5 I must admit, I assumed that, as Original Punk was getting annual rises, it was an invaliding pension … A dog is for life, not just a Saturday night! I didn`t think that you received the annual inflation increase until the age of 55, if you took full communtation at the point of leaving Archie . According to Annex C of this, a WO2 with more than 2 yrs in that rank who left exactly at the 22 yr point would have a pension of 11,776 before commuation. The new annual benefits from exit till age 55 would now be reduced to £5,155 + £3,814= £8,969 New (Tax-Free) Lump Sum of £9,535 is now added to £18,210+£25,238 = £52,983 Top Tip Greetings all, I am currently out of the country and unable to review my P60's until next month, but before I send a letter to Equiniti querying my pension increase, just wanted to see if I have missed something that members may be able to advise me on. If you die, PIs are applied to your family’s benefits, irrespective of your age or theirs. Heavy fighting erupts over separatist Nagorno-Karabakh (Armenia Vs Azerbaijan). Armed Forces scheme pensions pensioners queries Xafinity Paymaster Shiny Did you say 'over'? I can tell you that CPI inflation since 2010 is about 23% but I have no idea what it will be between now and 2025. Armed Forces pensions, once awarded, are adjusted in April each year by the Consumer Price Index (CPI), the UK’s official measure of inflation, set by the Bank of England’s Monetary Policy Committee. If you commuted part of your pension, your pension is abated until 55. If you are unable to work full time due to mental or physical disability which is deemed to continue until your preserved/deferred pension age you can claim your pension early, with PIs added.