Savings & Investments

On the surface, investment and savings issues are broadly the same for military and civilians. However, dig a little deeper and using a SIIAP Member with investment expertise makes a great deal of sense.

Let’s look at saving for a start. By that I mean building up capital for the future. The first area to look at is the reason for saving - is it for the next two or three years for a new car or house deposit, when you leave the forces or when you stop work. For the short-term, there may be the issue of ISA eligibility for non-resident spouses. For the medium term and long term, it is important to appreciate the benefits you can get from the Armed Forces Pension Scheme.

A Financial Plan will take all this into account, so it is important to work with an adviser who understands how it all comes together.

For investments it’s really more of the same, and an Independent Financial Adviser will obtain products to suit your risk profile and financial objectives, sourced from the whole of the market. An IFA who is a SIIAP Member will help you put together a financial plan that takes your military lifestyle and benefits into account.

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: