Army Pension Increase

[Rog Ball 01]

Has anyone seen anything about an increase in the Pension.

I have not nor have I seen anything about a pay rise for serving soldiers.

[Gwyn Nicholas]

Roger, as you know Pension rises are dictated by the CPI of the previous September end Ie September 2012 which was 2.2%. As there has been no announcement to the contrary, Pensions should increase in April by 2.2%.

[dcdl12976]

Regarding the pay increase some say 3.3 % whilst others say it will be the 1 % max dictated by government so i guess we will just have to wait and see.
Certainly nothing has come down from on high at work so far as i know

[Gwyn Nicholas]

War pension increases have been published for those who are interested.

[Keith Jones 989]

War pension increases have been published for those who are interested.

do you have a link?

[Gwyn Nicholas]

http://www.veterans-uk.info/publication.html

click on Leaflets/ leaflet no9 2013 - 2014

[richie264]

I was going to start a thread regarding my pension but I'll hijack this if you don't mind. I'll be 55 in Jun & I know my pension will increase but do I need to
take any action ? if yes, what ? also how do I find/work out how much I'll receive ? Thank you.

[Gwyn Nicholas]

Richie you need do nothing it is all automatic and you will receive your update before it is due. The increase is hard to predict exactly due to the low pay rises over the past few years (index linked). When I got mine about 3 years ago my pension increased by about 87% or thereabouts.

[Gwyn Nicholas]

Last year we received notification of the pay rise on 28th March which was 5.2% (CPI)

Link below confirms 2.2% for 2013.

www.hm-treasury.gov.uk/tax_pensions_increases.htm (http://www.hm-treasury.gov.uk/tax_pensions_increases.htm)

[richie264]

Cheers mate. I feel a new bike helmet is on it's way :biggrinicon: