Credit union service for the Armed Forces celebrates lending over £1 million to members.
October 2015 saw the launch of Joining Forces, a new Credit Union service for the Armed Forces.
The arrangement, backed by the Ministry of Defence, was launched to tackle problems faced by Military...
Full details are in the documents below, together with details of Recruitment and Retention Pay, Expenses and Allowances, as well as Food and Accommodation charges:
2016 Pay Award
Food and Accommodation Charges
Recruitment and Retention
Allowance and Expenses Rates (1)
Before choosing any kind of insurance, you may want to seek advice from your unit administrative staff, and also check the Services Insurance and Investment Advisory Panel (SIIAP) where you can see which companies subscribe to SIIAP and are recognised by the MoD.
We've listed some...
There is a credit union designed to enable Armed Forces personnel to save with, and pay off loans, through ‘payroll deduction’. The payment will come directly from an individual’s salary or pension at source. Credit union services for veterans in receipt of Armed Forces pensions will...
There are lots of offers available to Armed Forces personnel and their families:
Defence Discount Service
Here you can find discount vouchers for a wide variety of high street shops and restaurants for serving personnel and their families.
Exclusive military discounts on a range...
If you’re looking for free and impartial advice, the Monday Advice Service is government run and can help you improve your finances, using tools and calculators to keep track and plan ahead, they also provide support over the phone and in person.
The Military Foundation is run by...
It’s important to make a Will and keep it up-to-date, to ensure that your money and possessions are allocated according to your wishes. Failure to leave a Will can mean that family and friends have to make difficult decisions on your behalf when they are...
There are currently three Armed Forces Pension Schemes for members of the military:
AFPS 75 (Armed Forces Pension Scheme 1975)
This scheme was introduced in 1975 and closed to new entrants on 5 April 2005.
AFPS 05 (Armed Forces Pension Scheme 2005)
This scheme was opened on 06 April...