Yes 22 years for a full pension at 47yrs old. If I continue to 30 years the pension is of course much better. I've done the online pension calculator. I could afford to retire at 47 if I wished.
The quote i did was for 30yrs sevrice, so for 22yrs it would be much lower.
But even going to 30 yrs, you must have other investments etc? I could not afford to retire on a forces pension of £11k per year!
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AFPS15, although still a good pension ie non-contributory, is no longer the golden carrot/pension trap it once was. My colleague who is an 11yr Sgt, was expecting after his LOS30 to have around £15k pa and £58k lump sum - under the new scheme he will now get £8k pa pension.
It seems that the Government are now pushing for short term personnel ie 9yrs - 10yrs as oppose to the career people.
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