Army Pension Question?
Aug 5th 2006, 6:54 am
#1
Just Joined
Thread Starter
Joined: Jul 2006
Posts: 13
Army Pension Question?
I am due to leave the British Army (Mar 2007) after my contract ends having completed 22yrs. I get an immediate lump sum graturity of approx £50,000 and a monthly pension of approx £750.
My questions are -
1. In your opinion will £75,000 (some savings as well) be enough to live on and support my wife and I initiallly when we get to Oz?
2. What are the average mortgage prices, we are looking at the Caboulture area. Would my monthly pension cover it?
3. I am waiting to hear about my Former resident Visa (sub class 151) does this Visa give me permanent resident status straight away and therefore access to medcare and all the other benefits. Or must I be prepared to support my family for up to 2 years. (I'm a ceramic tiler by trade)
Any views would be appreciated
My questions are -
1. In your opinion will £75,000 (some savings as well) be enough to live on and support my wife and I initiallly when we get to Oz?
2. What are the average mortgage prices, we are looking at the Caboulture area. Would my monthly pension cover it?
3. I am waiting to hear about my Former resident Visa (sub class 151) does this Visa give me permanent resident status straight away and therefore access to medcare and all the other benefits. Or must I be prepared to support my family for up to 2 years. (I'm a ceramic tiler by trade)
Any views would be appreciated
Aug 5th 2006, 10:15 am
#2
Forum Regular
Joined: Sep 2005
Location: York
Posts: 35
Re: Army Pension Question?
Originally Posted by spud-u-like
I am due to leave the British Army (Mar 2007) after my contract ends having completed 22yrs. I get an immediate lump sum graturity of approx £50,000 and a monthly pension of approx £750.
My questions are -
1. In your opinion will £75,000 (some savings as well) be enough to live on and support my wife and I initiallly when we get to Oz?
2. What are the average mortgage prices, we are looking at the Caboulture area. Would my monthly pension cover it?
3. I am waiting to hear about my Former resident Visa (sub class 151) does this Visa give me permanent resident status straight away and therefore access to medcare and all the other benefits. Or must I be prepared to support my family for up to 2 years. (I'm a ceramic tiler by trade)
Any views would be appreciated
My questions are -
1. In your opinion will £75,000 (some savings as well) be enough to live on and support my wife and I initiallly when we get to Oz?
2. What are the average mortgage prices, we are looking at the Caboulture area. Would my monthly pension cover it?
3. I am waiting to hear about my Former resident Visa (sub class 151) does this Visa give me permanent resident status straight away and therefore access to medcare and all the other benefits. Or must I be prepared to support my family for up to 2 years. (I'm a ceramic tiler by trade)
Any views would be appreciated
How can you complete 22 years service in the Army and leave as a Ceramic Tiler ?? Did you grout the enemy into surrender ?
Aug 5th 2006, 5:39 pm
#3
Just Joined
Thread Starter
Joined: Jul 2006
Posts: 13
Re: Army Pension Question?
Originally Posted by Garsimm
How can you complete 22 years service in the Army and leave as a Ceramic Tiler ?? Did you grout the enemy into surrender ?
Any chance in answering the question
Aug 5th 2006, 5:45 pm
#4
Lost in BE Cyberspace
Joined: Apr 2006
Location: Ballarat
Posts: 7,005
Re: Army Pension Question?
Originally Posted by spud-u-like
I am due to leave the British Army (Mar 2007) after my contract ends having completed 22yrs. I get an immediate lump sum graturity of approx £50,000 and a monthly pension of approx £750.
My questions are -
1. In your opinion will £75,000 (some savings as well) be enough to live on and support my wife and I initiallly when we get to Oz?
2. What are the average mortgage prices, we are looking at the Caboulture area. Would my monthly pension cover it?
3. I am waiting to hear about my Former resident Visa (sub class 151) does this Visa give me permanent resident status straight away and therefore access to medcare and all the other benefits. Or must I be prepared to support my family for up to 2 years. (I'm a ceramic tiler by trade)
Any views would be appreciated
My questions are -
1. In your opinion will £75,000 (some savings as well) be enough to live on and support my wife and I initiallly when we get to Oz?
2. What are the average mortgage prices, we are looking at the Caboulture area. Would my monthly pension cover it?
3. I am waiting to hear about my Former resident Visa (sub class 151) does this Visa give me permanent resident status straight away and therefore access to medcare and all the other benefits. Or must I be prepared to support my family for up to 2 years. (I'm a ceramic tiler by trade)
Any views would be appreciated
I hope so, cos we will be doing the same with similar amounts. Especially if hubby dosnt go via the oz army route.
hope you get a answer soon
Mandy
Aug 5th 2006, 10:26 pm
#5
Melbourne Australia
Joined: Feb 2006
Posts: 4,169
Re: Army Pension Question?
Originally Posted by geordie mandy
I hope so, cos we will be doing the same with similar amounts. Especially if hubby dosnt go via the oz army route.
hope you get a answer soon
Mandy
hope you get a answer soon
Mandy
Aug 5th 2006, 10:38 pm
#6
Lost in BE Cyberspace
Joined: Apr 2006
Location: Ballarat
Posts: 7,005
Re: Army Pension Question?
Originally Posted by thebears
Mandy what is hubbys trade?
Mandy
