MOD launches Armed Forces' Benefits Calculator

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MOD launches Armed Forces' Benefits Calculator

Post by Admin on Fri 04 Apr 2008, 8:49 am

The MOD has launched an internet-based Armed Forces Benefits Calculator (ABC) to make it quick and easy for Service personnel to assess the total value of their full employment package.

The ABC incorporates basic pay, specialist pay, individual allowances, pension and other MOD provided benefits to give an estimate of the package's financial worth. The Calculator will also be made available to potential recruits keen to investigate the type of reward package that might be available should they choose to join the Armed Forces. The Armed Forces Benefits Calculator can be viewed at http://www.mod-abc.co.uk
Derek Twigg, Under Secretary of State for Defence, said:

"Our Service personnel receive an excellent remuneration package which is fully deserved for the outstanding contributions they make in the UK and overseas. The new Armed Forces Benefits Calculator makes it easy for our troops to see the full worth of the benefits available to them."
Vice Admiral Peter Wilkinson, Deputy Chief of Defence Staff (Personnel), said:

"The Armed Forces Benefits Calculator is an exciting and innovative project which I am confident will show all who use it just how competitive our remuneration package is."

Through the ABC, Service Personnel can also access information on pay and allowances, financial education and financial products aimed specifically at Service Personnel. The ABC website also has links to websites for the Financial Services Agency and the Defence Discount Directory.

Source: MOD - http://www.mod.uk/DefenceInternet/DefenceNews/DefencePolicyAndBusiness/ModLaunchesArmedForcesBenefitsCalculator.htm

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