Invalidating pension armed forces
The CPI rate used is the CPI headline rate for the September prior to the adjustment in April the following year and the rate is formally announced each October.
The CPI increase which will come into force next April has been announced as 1%.
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As the Armed Forces Pension Scheme 2015 (AFPS 15) is salary-based, you need to use the Pensions Calculator to work out a provisional pension value: Armed Forces Pension Calculator The most up to date selection of Armed Forces Pension Schemes booklets can be found at the .
In any divorce financial settlement, the Courts require all divorcing couples to take account of pension assets when considering the overall wealth and assets held by each person.
It was not until the early 2000s that it became possible to share pension assets between spouses on divorce.
In order to ascertain the current value of the pension, a military pension holder must apply to their Service Personnel and Veterans Agency (SPVA) for a “Cash Equivalent Valuation” or a CEV.
Military pensions can be made up of the following elements; 1.
With four pension schemes now in operation, Armed Forces Pensions have never been more complex.