Pensions
Armed Forces Pension UK 2026: AFPS 75, 05 and 15 Compared
The Armed Forces Pension Scheme has three versions. AFPS 75 and AFPS 05 are final salary schemes, now closed. AFPS 15 is a career average scheme and is the only one open to serving personnel, who were all moved into it by 1 April 2022.
1
AFPS 75 - Final salary (closed) - Based on final pensionable rank and length of reckonable service...
2
AFPS 05 - Final salary (closed) - Based on final pensionable pay and reckonable service, up to a...
3
AFPS 15 - Career average (CARE), open - Builds at 1/47th of pensionable earnings each year,...
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