Widow's pension

[rocket scientist]

I've got 3 years left until retirement from the RAF when I will be 52.

I'm trying to work out what my requirements for life insurance will be when I leave.

At the moment, I understand that under AFPS05/15 my wife will get a lump sum and an annual pension if die in service.

Question 1 - is this for any reason eg. if I die off duty in a car crash/hangliding/choking on an orange whilst wearing a gimp suit?

Question 2 - what happens if I leave the service and die a year later - will my wife continue to receive my/a pension or will she have to fend for herself?

 

[Barch]

I've got 3 years left until retirement from the RAF when I will be 52.

I'm trying to work out what my requirements for life insurance will be when I leave.

At the moment, I understand that under AFPS05/15 my wife will get a lump sum and an annual pension if die in service.

Question 1 - is this for any reason eg. if I die off duty in a car crash/hangliding/choking on an orange whilst wearing a gimp suit?

Question 2 - what happens if I leave the service and die a year later - will my wife continue to receive my/a pension or will she have to fend for herself?

Join the Forces Pension Society and get answers from the experts.

 

[Vauxhall]

I've got 3 years left until retirement from the RAF when I will be 52.

I'm trying to work out what my requirements for life insurance will be when I leave.

At the moment, I understand that under AFPS05/15 my wife will get a lump sum and an annual pension if die in service.

Question 1 - is this for any reason eg. if I die off duty in a car crash/hangliding/choking on an orange whilst wearing a gimp suit?

Question 2 - what happens if I leave the service and die a year later - will my wife continue to receive my/a pension or will she have to fend for herself?

Q1. Yes unless she has a hand in your demise.

Q2. Her pension comes into payment on your death irrespective of how old she is and how old you are. Her pension will be payable for life.

 

[rocket scientist]

Many thanks Vauxhall, so she gets a pension whether I die whilst serving or not then.

It looks like I might be over- insuring myself

 

[ninjarabbi]

Honestly, an orange and a gimp suit; at your age!

 

[Teh Wal]

Many thanks Vauxhall, so she gets a pension whether I die whilst serving or not then.

It looks like I might be over- insuring myself

Don't forget that what she will receive will not be your full pension but a certain percentage of it. IIRM under '75 it's 50%. However under '05 it's about 62.5%, but it's slightly more complex than a straightforward "62.5%" if your missus is more than 12 years younger than you (in this case the figure is reduced somewhat).
It's worth dropping the various pension scheme booklets to get a more detailed view on things.
[FONT=Verdana,Arial,Tahoma,Calibri,Geneva,sans-serif]https://www.gov.uk/government/publications/armed-forces-and-reserve-forces-pension-schemes-guidance-booklets[/FONT]

 

[rocket scientist]

Teh Wal - thanks, I've got a rough idea of what she'll get from the annual forecast statements I get through the door. It was just the "death in service" bit I was confused about.