Pensions

The AFPS 75 and AFPS 05 pension schemes are an intrinsic part of your financial planning, and you need to work with advisers who understand how they work. You also have the ability to invest in top-up pensions and pensions for spouses who are not members of a pension scheme. However, if you do not understand how the AFPS works, you can end up with an imperfect solution to the problem you need to solve.

Again any IFA should have the knowledge and expertise to provide professional advice in this area, but how much better that advice is worth, if your adviser has a working knowledge of your pension scheme, and this expertise is unlikely to cost you more than an IFA dealing primarily with civilians.

High street providers do not generally have an understanding or the experience to know where to look for solutions, common problems are:

• No knowledge or understanding of the Armed Forces Pension Scheme
• No understanding of HM forces lifestyle
• No understanding of likely circumstances on leaving HM forces

SIIAP members will have a specialist solution: