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Finance

Managing Money

Ex Military Money Matters | Veterans' Gateway - Support‎

The First Point of Contact for Veterans Looking For Money Advice. We Can Help. Use Our Self Help Guides To Find Info Or Phone Or Email Our Advisors For Support.   Use the finances section for information on money and debt advice, financial help, benefits, war pensions and compensation. See expert advice from our partners including top tips for pensions, budgeting loans, compensation schemes and more.

Defence Discount Service

The Defence Discount Service works with online and high street companies to offer Armed Forces veterans a discount on services like clothes shopping and holidays.

ABF The Soldiers' Charity

We give a lifetime of support to soldiers and veterans from the British Army, and their immediate families, when they are in need. We make grants to individuals through their Regiments and Corps and support a wide range of specialist charities that sustain the British Army ‘family’, both at home and around the world.Telephone: 02079018900 Email: supportercare@soldierscharity.org

Joining Forces Credit Union

The MOD has made it possible for three of the UK’s leading credit unions to join forces and make simple savings accounts and loans available to members of the Armed Forces and their families

These are:

MoneyForce

MoneyForce  is a joint initiative between Standard Life Charitable Trust, The Royal British Legion and the Ministry of Defence.  Specifically tailored to armed forces personnel , MoneyForce provides a platform of tools to manage costs, create money saving goals and gives helpful advice on many money problems you may face.  The Money Force website aims to help all Service personnel, their partners, families and dependants to be better equipped to manage their money and financial affairs.  Whether they are dealing with debt, interested in investments or puzzled about payday loans, MoneyForce will give them all the information they need to get MoneyFit.

Turn2Us

Turn2Us provides a benefits calculator, a grant search and information about various Armed Forces pensions and compensation schemes, as well as a ‘Find an Adviser’ service.

Royal British Legion

The Legion provides specialist compensation advice, help with debt and emergency situations, and can support you through grants and loans. They provide help to thousands of ex-service people every year.

SSAFA Support

If you have fallen behind on your bills, credit cards or other payments and you are struggling to get by or even at risk of losing your home, then your local SSAFA team can help you to get advice on dealing with your debt. Our volunteers will let you know about qualified debt advisors working in your area although they cannot give advice themselves. Once you have received specialist advice they can then look for ways to help with any priority debts – these are debts where you are at risk of losing your home or supplies of essentials such as gas or electricity.  Helpline: 0800 731 4880

Money Saving Expert

Money Saving Expert aims to provide money saving guides, tips and tools. They also highlight special offers and provide detailed information about budgeting, loans and mortgages.

CAB

The Citizens Advice Bureau has detailed and independent advice on managing all money issues including dealing with debt, mortgage and rent arrears, insurance, loans, pensions and banking.

Money Advice Service

This service has been set up by the government to offer free advice and support online, in person and over the phone. There’s information about every aspect of managing your money, including a mortgage calculator, letter templates, free printed guides and videos.

Royal Marines Charitable Trust Fund

The Royal Marines Charity is dedicated to supporting the entire ‘Corps Family’ – serving, retired and their immediate families.  No matter what stage of your career or life, you can always turn to us for help, regardless of your need.  We work alongside a wide range of specialist partners and other charities to ensure you get the help, support and guidance you need, when and where you need it. You can contact us via our helpline 02392 547224 our online ‘Need Help’ form or by email to welfarreteam@rma-trmc.org

Veterans Welfare Service (VWS)

The Veterans Welfare Service (VWS) is committed to enhancing the quality of life for veterans and beneficiaries of Veterans UK pensions and compensation schemes, and all their dependants.  The provide support to enable the seamless transition from service to civilian life, assist bereaved families or respond to life events that present welfare needs. They achieve this by facilitating access to all appropriate services.

Debt advice

Ex Military Money Matters | Veterans' Gateway - Support‎

Adsupport.veteransgateway.org.uk/money/advice‎

The First Point Of Contact For Veterans Looking For Money Advice. We Can Help. Use Our Self Help Guides To Find Info Or Phone Or Email Our Advisors For Support. Types: Housing, Employment, Finances, Living Independently, Mental Wellbeing, Physical Health

Royal Air Force Benevolent Fund

The RAF Benevolent Fund is the RAF's leading welfare charity with a proud tradition of looking after its own. We are there for all serving and former members of the RAF as well as their partners and dependent children.   A spectrum of services are provided that range from their Airplay programme supporting children growing up on RAF stations, to relationship counselling for RAF couples and respite breaks for RAF families and veterans.

67 Portland Place, London, W1B 1AR   Telephone: 0800 169 2942    Email: mail@rafbf.org.uk 

Army Benevolent Fund (ABF The Soldiers’ Charity)

ABF the Soldiers’ Charity are for soldiers, for life. They provide financial assistance to all soldiers and their families when in need. Even when a soldier leaves the Army they are

still part of our family and eligible for help.  Offers Care support and financial support. Provides guidance around careers and education.  Contact Details: ABF The Soldiers’ Charity, Mount barrow House, 620 Elizabeth Street, London, SW1W 9RB  Phone: 0845 241 4820 Email: info@soldierschairty.org

Women’s Royal Naval Service Benevolent Trust

The Women’s Royal Naval Service Benevolent Trust exists to provide worldwide advice and financial relief in cases of necessity or distress among its members and their dependants. We can also make grants for the education of members.Bottom of Form

CAB

The Citizens Advice Bureau has detailed and independent advice on managing all money issues including dealing with debt, mortgage and rent arrears, and loans.

Money Advice Service

This service has been set up by the government to offer free advice and support online, in person and over the phone. There’s information about every aspect of managing debt including guides, letter templates and videos.

Gov.uk

Gov.uk has information about the correct procedures for dealing with debt and bankruptcy.

National Debtline

A government service to help you deal with debt. You can get personalised online help or talk to an advisor on the phone, through webchat or by email.

Pensions and savings

The Veterans Advisory and Pensions Committee (VA&PC)

The VA&PC advises and liaises with Veterans, their families and relevant organisations on their needs, issues and concerns.  VA&PC assists, raises awareness, acts as an advocate and provides governance to the Veterans’ community. It champions the rights of Veterans and their families where there is injustice, inequality or a lack of fairness.

VAPCs are Advisory Non-Departmental Public Bodies. They work independently from the Ministry of Defence in support of the Veterans’ Community.

Statutory Purpose of VAPCs:-

  • Assistance to individual veterans.
  • Create awareness of veterans’ needs.
  • Reviewing Government initiatives regarding the Veterans Community.
  • Provide informed, factual and regional advice for Ministers.
  • Independent responses to Veterans’ needs and issues within their particular region.

You can contact VAPC by the following methods:  Email: veterans-uk@mod.uk  Free helpline telephone: UK only 0808 1914 2 18 or overseas +44 1253 866 043

Calculate your pension

Estimate your armed forces pension - You may be eligible for an armed forces pension if you’re a current or former member of the armed forces.

 

If you’re currently serving in the armed forces - Use the calculator to work out how much armed forces pension you may get. You can also download and fill in a pension forecast request (form 12).

 

If you’ve left the armed forces - Download and fill in a preserved pension forecast form (form 14) to get an estimate of your pension.

 

You can use the contact detail below for help and information on your armed forces pension:

Armed forces pensions enquiries, Joint Personnel Administration Centre (JPAC), Mail Point 480, Kentigern House, 65 Brown Street, Glasgow G2 8EX  Phone: 0800 085 3600   Email: dbs-pensionshelpdesk@dbspv.mod.uk

Independent financial advice for private pensions Money Advice Service

This service has been set up by the government to offer free advice and support online, in person and over the phone. There’s information about every aspect of managing your money, including a mortgage calculator, letter templates, free printed guides and videos.

Veterans Welfare Service

The Veterans Welfare Service (VWS) is committed to enhancing the quality of life for veterans and beneficiaries of Veterans UK pensions and compensation schemes, and all their dependents. We provide support to enable the seamless transition from service to civilian life, assist bereaved families or respond to life events that present welfare needs. We achieve this by facilitating access to all appropriate services.   Telephone: 0808 1914 218

Money Saving Expert

Money Saving Expert aims to provide money saving guides, tips and tools. They also highlight special offers and provide detailed information about budgeting, loans and mortgages.

Citizens Advice

The Citizens Advice Bureau has detailed and independent advice on managing all money issues including dealing with debt, mortgage and rent arrears, insurance, loans, pensions and banking.

Armed Forces compensation scheme

There are several compensation schemes administered by Veterans UK on behalf of the Ministry of Defence available to serving and former serving personnel who are injured as a result of their service in the armed forces. The scheme that applies to each individual will depend on when and where you served.

Access to benefits for medically discharged personnel

When a service medical board decides a severely disabled person can no longer be employed in the armed forces and should be discharged, DWP now uses the service medical board evidence to determine eligibility to Employment and Support Allowance (ESA) rather than conduct a face to face medical assessment.  Claims received from members of the armed forces who have been assessed by a Ministry of Defence (MOD) medical panel to be in their highest disability category are, wherever possible, assessed to consider whether the individual meets the limited capability for work-related activity criteria based on the MOD medical report (F Med 23) and without the need for a face-to-face assessment.  This applies to the initial Work Capability Assessment for the ESA claim made at the time of discharge. In these cases the individual will be placed in the ESA support group.

Armed Forces Independence Payment

On 8 April 2013 the Ministry of Defence (MOD) in conjunction with DWP introduced the Armed Forces Independence Payment (AFIP). This benefit is designed to:

  • Provide financial support to service personnel and veterans who have been seriously
  • injured as a result of service.
  • Help cover the extra costs they may have received as a result of their injury.

AFIP eligibility is defined as those who have been awarded a Guaranteed Income Payment (GIP) of 50% or higher under the Armed Forces Compensation Scheme. DWP are responsible for making and maintaining payments. However, claimants for AFIP are required to submit a claim to Veterans UK. They will confirm eligibility with DWP who will put the payments in place.  Find more information about Jobcentre Plus services at: www.gov.uk/browse/working  and www.gov.uk/browse/benefits

Your benefits entitlement

On the Gov.uk website you can read about the available benefits and see what you may be entitled to. You can use the benefits calculators to see what effects benefits will have on your income and apply online.  Visit: www.gov.uk/browse/benefits/entitlement

Housing benefits

If you’re on a low income you could get Housing Benefit to pay all or part of your rent. You can apply for housing benefit if you are unemployed or working.
Visit: www.gov.uk/housing-benefit/overview

You can find more information about housing benefits and council tax from your local council; use the Gov.uk council finder to find out which district council you need to contact.
Visit: www.gov.uk/find-your-local-council

Local Councils in Gloucestershire:-

Benefits and Money Advice (BMA) Service

The Royal British Legion site offers advice on a range of financial issues including money and debt, pensions and compensation and applying for disability benefits.

Turn2us

This is a national charity that can help people access benefits, grants and support services if you are in financial hardship.

Information and Support

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