What is the Unit Cost for Employing & Maintaining a Paratrooper?

The capitation rate for a member of the Parachute Regiment in the financial Year 2014/15 was £43,168. This included: Pensionable and non-Pensionable Pay; Earnings-Related National Insurance Contributions (ERNIC); and Superannuation Charges Adjusted for Past Experience (SCAPE). Reference FOI 2014/01589/73049 dated 10 June 2014. Advertisements

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What is the Unit Cost for Employing & Maintaining a Royal Marines Commando?

The capitation rate for a basic Royal Marine Commando for the financial year 2014-2015 was £30,510.00. This rate included pay, National Insurance and pension contributions. The capitation rate did not include unit costs or career training costs. Reference FOI 2014/01587 dated 02 June 2014.

Funding the Armed Forces Pension Scheme (AFPS)

What is the AFPS? All members of the armed forces are automatically enrolled into the Armed Forces Pension Scheme (AFPS) and, unlike almost all other schemes, members pay 0% in contributions each month. The scheme is also protected by legislation and distributed from the public purse. Three APFS Schemes There are three revisions of the… Read More

Pension: Regulars Rejoining As Reserves

Regulars who rejoin as a Reserve will see their pension abated. This applies to those on Full-time Reserve Service (FTRS) (AFPRB, 2018, p.20). Further, Reservists are expected to leave the Service at age 55 but the Armed Forces Pension Scheme 15 does not pay out until age (AFPRB, 2018). However, there is a practice that… Read More

Technology & Financial Fitness

“In short, investors should not treat technology as the equivalent of a “diet pill” that will help them lose weight effortlessly and instantly. Instead, they should view it as a tool to encourage the behaviour (the investment equivalent of exercising more and eating less) that will lead to long-term success. Think of fintech as one… Read More

Pensions & the State: A Chronic Headache

“EMPEROR AUGUSTUS came to power with the help of a private army. So he was understandably keen to ensure the loyalty of his soldiers to the Roman state. His bright idea was to offer a pension for those in the army who had served for 16 years (later 20), equivalent in cash or land to 12 times their annual salary. As Mary Beard,… Read More