Guidance

AFPS 75 Commutation

AFPS 75 Commutation

• From: Ministry of Defence
• Published: 1 March 2011

Documents

Resettlement Commutation and recent changes to factors.

PDF, 50.3 KB, 3 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email ddc-modinternet@mod.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Life Commutation and recent changes to factors.

PDF, 61.1 KB, 4 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email ddc-modinternet@mod.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

Under AFPS 75 there are two forms of commutation: Resettlement Commutation and Life Commutation. Commutation means giving up part of your pension in return for a lump sum. It is not an automatic right; you have to apply for it. For more information see the document below. With effect from 1 April 1996 you cannot take advantage of both forms concurrently.

Note: Once the completed application forms have been forwarded to SPVA Pension Division, and they have been processed, the decision is final and cannot be reversed.

Impact of Finance Act 2004 on Commutation

The Finance Act 2004 (FA 2004), which came into force on 6 April 2006, stipulates that a member’s pension may not be reduced from one year to the next except in exceptional prescribed circumstances. This Act, therefore, has some impact on your ability to commute your pension.

Published 1 March 2011