All material is correct and accurate at the time of publication, although the we do endeavour to ensure that material is updated periodically. Added information about the Far Eastern Prisoners of War Ex-Gratia Scheme. Equiniti Equiniti Armed Forces Helpline: 0345 1212 514 Email: veteransukpensions@equiniti.com This guidance provides general information only. As a member of the Armed Forces you will be enrolled in a pension scheme automatically. A recent comparison between HMRC and pension scheme records identified a series of under or overpayments made. DCTS Range of Courses DSAT Module 2: Scoping Exercise (SCOP) Course DSAT Module 3: Needs Analysis (NA) Course DSAT Module 4: Early Training Analysis (ETA) Course DSAT Module 5: Detailed Design & Development (DD&D) Course DSAT Module 6: Internal Evaluation (INTEV) Course DSAT Module 7: External Evaluation (EXTEV) Course endobj 2021 Associated Newspapers Limited. Every effort has been made to ensure that. There has not been any changes to the available pension schemes. Suggested Searches sales administrative assistant Have so far had close to 20 e-mails back and forth (7 business days as your standard to respond to queries is archaic and beyond unprofessional), mailing updated documents and and apparent 'missed call from Equiniti' even though I have confirmed the number is correct. Manage, vote and trade your share certificate and CSN holdings online, Trade equities, funds, bonds and more in your account online, Our integrated shareholder analysis & investor contact management platform, Providing share registration, governance and investor relations advisory and employee benefits to UK PLCs, Visit our United States website for solutions to Shareholder Management in the US, Transforming the retirement and pensions markets with leading administration and technology solutions, Providing innovative customer management solutions for the digital world, Go to Lenvi.com, the new home for EQ Credit Services, Riskfactor and KYC. Removed outdated section on 'Pension taxation seminars and one-to-one sessions for the Armed Forces'. The scheme is unfunded and paid from the public purse. Added Pension Sharing Order Corrections Factsheet. Neil Coyle, a Labour member of the Work and Pensions Select Committee, said: This is a slap in the face for veterans up and down the UK. memsec@forpen.co.uk, The Forces Pension Society You will also have been paying National Insurance Contributions (NICs) which count towards your State Pension. You are using an out of date browser. It is between the counterparty (I believe they use RSA) and Equiniti. In some cases they will provide what you need or tell you the pension cannot be paid to a bank in that country for example, one client learnt that his pension couldnt be paid to a bank in El Salvador so had make other arrangements. 65 Brown StreetGlasgowG2 8EX. Could somebody explain why my latest pension advice letter indicates an 8.3% pay increase due to future payments post April 2023. Getting the first year absolutely right and learning about the countrys tax regime from an expert will put you in good stead going forward. The pension code is revised annually. Scheme Armed Forces Pension Scheme (the Scheme) Respondents Equiniti Paymaster (Equiniti) Veterans UK (VetsUK) Outcome Complaint summary Background information, including submissions from the parties . 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He was awarded a service pension, a terminal grant, a special capital payment and a resettlement lump sum. An AFPS pension can be paid into an account in many, but not all, overseas banks. i has been told the vast majority of the total detected so far have had their overpayments written off, but at least several hundred are facing cuts of more than 500-a-year with others facing cuts of a smaller amount. Unlike all other public schemes, members pay 0% in contributions each month. This reduction affects see public sector pension schemes and for the armed forces the rate of deduction is based on 0.87 in each year. Military pensioners should also consider whether they have a strong reliance case. The rate the your basically pension, that is . Information on this can be found on the HMRC website. The lump sum should be paid within 30 days of your 60th birthday but evidence of others' experiences suggests that they tend to pay within 10 working days. endobj Guidance and documents relating to the Armed Forces Pension scheme 1975. Read the entire May 2021 issue of Pathfinder International magazine for free HERE! Equiniti is an outsourcing firm focused on financial and administration services, including the administration of pensions in both the public and private sectors. Since 2015, Equinti Paymaster has been a subcontractor of DXC Technology. Pension Codes: the amounts of service retired pay and pensions, service invaliding retired pay and pensions, service attributable retired pay and pensions, gratuities and resettlement grants are shown in the pension code. Added: 'Retrospective Remedy FAQs' under subheading '2015 Remedy update'. Get contact details including emails and phone numbers The AFPS Form 8 contains a link to mandates for many countries but, if the country you are going to live in is not there, contact Equiniti Paymaster. Sorry to jump on, but is the 40% (Approx) increase over and above the commutation return increase, or inclusive of? We use cookies to ensure you get the best experience on our website. . Updated the Armed Forces Pension taxation booklet. During your service in the Armed Forces you have been building up a pension entitlement in one or more Armed Forces Pension Schemes (AFPS). Once your pension is in payment, you will receive a Life Certificate every two years. Public Sector pensions will increase 10.1% this month in line with RPI. Veterans UK, part of the Ministry of Defence (MOD), assess, award, pay, and oversee all Armed Forces pensions. Nothing is Certain Except Death and Taxes! It provides compensation for all injuries, ill-health and deaths which were predominantly caused by service on or after 6 April 2005. PO-21679 2 . We use some essential cookies to make this website work. You claim by submitting an AFPS Form 8 about three months before your pension is due to begin and, even though you may be far too young to claim at the moment, remember you can keep an eye on your pension by requesting your annual free pension forecast by submitting an AFPS Form 14. Now, through sheer incompetency, they are going to lose out even more.. Edited link under 'Taxation' to most recent guidance. Were in our house all the time we put so we pay we pay rather a large electricity bill. Social @Equiniti_Group Key Services administration services, Equiniti Paymaster, overseas finance About Reviews Gallery Armed Forces Pension scheme 1975: pension scheme explained (includes ill health benefits) (PDF, 264 KB, 32 pages), Armed Forces Pension Scheme 1975: family benefits explained, Armed Forces Pension Scheme 2005: Family Benefits explained, Armed Forces Pension Scheme 2005: ill health benefits explained (PDF, 182 KB, 27 pages), The Armed Forces Pension Scheme 2015: Your Pension Scheme Explained. Learn how your comment data is processed. All rights reserved. Accounts. Pension Increases How Do They Work? Since my 65th birthday, Xafinity Paymaster has been deducting 21.02 per month from my Armed Forces pension under what it says are National Insurance modification rules. Enter your email address to follow this blog and receive notifications of new posts by email. tax code changes etc). Added video and transcript, Added information about legislation for the Armed Forces Compensation Scheme. We thought which it might be help to explain what this means for anyone which receives a letter from Equiniti Paymaster to this subject. Where the pension is taxable, the default is that it is taxed in the United Kingdom (UK), even if you are paying other tax abroad. endobj The nothing to do with transgender thread, All Internet links/videos/pictures in here ONLY. You must be serving in the armed forces to be eligible to transfer in and once you have committed yourself to a transfer from your previous pension scheme, you cannot change your mind and you will have given up forever your rights and those of your dependants under the previous schemes. Our. Pages: 1 2. You will need to check the position with regard to your chosen country of residence with HMRC to be certain about the prevailing tax regime. To find out more read our Cookies Policy. The increases due to CPI are published by the government and the current figures are here: There is an article explaining how PIs work on page 7 of this magazine: Thanks all. See the re-employment booklet for more details. But, theyre going to take another 50 quid a month off me, just when the price of everything like food and heating is going up., I hope the attempt to deny appeals is challenged and urge Ministers to step in to prevent our armed forces veterans being let down., A spokeswoman for Equiniti said: A review of data records held by Defence Business Services and HMRC resulted in a reconciliation exercise. If you have been advised that you need to complete a form or view a detailed pension scheme guide, you can find these on the Veterans UK pensions forms page. Kelly Green Fashion 2022, Updated text adding section "Changes from April 2015 affecting transfer out. What is the Occupational Physical Assessment Test (OPAT)? If you are not a member but would like to learn more about us, visit www.ForcesPensionSociety.org. Resettlement Grants assist those leaving the regular armed forces to resettle into civilian life after completing a substantial period of service. But, wherever you are going to live, go armed with the latest information and remember that tax rules do not remain static and new taxation agreements continue to be negotiated with other countries. stream War/Disablement/AFCS Pensions SPVA Tel: 0800 1692277 Norcross www.veterans-uk.info or Blackpool, FY5 3WP veterans.help@spva.gsi.gov.uk DWP -Retirement Pension Forecast Department of Work and Pensions RPFA Unit Room 37d Tel: 0845 6060265 Newcastle-Upon-Tyne, NE98 1YX www.thepensionservice.gov.uk It is important that you deal with this piece of personal admin straight away because, if the form is not returned in accordance with the instructions it contains, it will be assumed that you have died and your pension will stop! Updated the taxation section of the web page with additional information. Ineffective? As a first step Mr Kern advised veterans affected by the cuts to talk to the pension administrator Equiniti. Lorem ipsum dolor sit amet consectetur adipisicing elit. 'Life Is Like A Shit Sandwich, The More Bread you have got, The Less Shit You Have To Eat'. This Armed Forces Newsletter dated 2015 from Equiniti Paymaster that I found later (see last page) refers one to the Armed Forces IDRP; but this gives only the procedure for Veterans UK - it does not even mention Equiniti Paymaster. Xafinity Paymaster is now Equiniti Paymaster Information. hm paymaster general e14 5hp. Addition of: Armed Forces Pension Arrangements Pension Sharing on Divorce. It you have moved since you left, it is a good idea to contact them to give them your current address. 3 0 obj 65 Brown Street Can you help identify a Veteran with an unclaimed pension. I have paid NI. Added contact details for the Equiniti Paymaster (EP) Communications Centre (for armed forces pension payments queries). Updated 'Service preserved pensions' section. UK Bank Account Overseas Bank Account Full name and. Guidance and documents relating to re-employment. 2 0 obj When I got mine my rise was 17.5 % my mate got his 8 months earlier and got a whopping 35% raise. May 18, 2021 | Latest News, Personal Finance, Resettlement, Veterans, In this months issue of Pathfinder International, Mary Petley from the Forces Pension Society looks at what happens to your forces pension if you live abroad following your military service. These agreements can be found at https://www.gov.uk/government/collections/tax-treaties on the government website. Don't worry, we can still help! How will emigrating to another country affect your Armed Forces Pension? The Equiniti Pension Solutions Compendia App is designed to help you manage your retirement planning. If you do, it could result in the temporary suspension of your pension payments. We first reported on this a few weeks ago, as some of our members were worried it was a possible scam letter. Armed Forces pensions are claimed in the same way no matter where you live. Peter Kinvig received a letter from the administrator of his Armed Forces Pension Scheme informing him he would suffer a cut to his payments last month. Ineffective? It may not display this or other websites correctly. We're here to help Bereavement support Employee scheme participants Pension members 0371 384 2030 Lines are open Monday to Friday 8:30 to 17:30; excluding UK Bank Holidays. You have accepted additional cookies. SW8 1RL. Conoce gente en persona Haz Amigos YA! If you are a member of the Forces Pension Society and have questions on the above or any other pension-related issue, contact pensionenquiries@forpen.co.uk. This exercise was undertaken to review and match pension data between AFPS and HMRC and is referred to as reconciliation. Read all our updates on McCloud find out more. Please also note that a new pension tax site has been launched through the MODs intranet site that provides further guidance and other useful information. All members of the armed forces are automatically enrolled into the Armed Forces Pension Scheme. London London Dont include personal or financial information like your National Insurance number or credit card details. Glasgow EQ is a leading international provider of shareholder, pensi Once you have the agreement, make sure your accountant in your chosen country is aware of it and experienced at dealing with expats, or you could still end up being taxed twice. 14 March 2016 CICO claim form replaced with latest edition Replaced list of links for Pension codes to one link to Pension code page. Were old age pensioners. CICO claim form replaced with latest edition. If personnel are re-employed after leaving they may have to re-pay some or all of the grant. The nothing to do with transgender thread, All Internet links/videos/pictures in here ONLY. <>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R] /MediaBox[ 0 0 595.2 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> %PDF-1.5 Differential Diagnosis for Piriformis Syndrome. About Obstacle Course Races (OCR) & Events: Introduction, About Obstacle Course Races (OCR) & Events: Part 02, The OCR Industry, About Obstacle Course Races (OCR) & Events: Part 03, Advantages & Disadvantages of OCR, About Obstacle Course Races (OCR) & Events: Part 04, OCR Event Management, About Obstacle Course Races (OCR) & Events: Part 05, Preparing for an OCR, About Obstacle Course Races (OCR) & Events: Part 06, OCR Governing Bodies, Associations & Championships, About Obstacle Course Races (OCR) & Events: Part 07, Obstacle Courses in Other Areas, About Obstacle Course Races (OCR) & Events: Part 08, Useful Publications & Links, List of UK Obstacle Course Races (OCR) & Events, Directory of Obstacle Course Race (OCR) Providers & Events, OCR World Governing Body & Continental Confederations, Directory of OCR Associations, Federations & Unions, Outdoor Fitness, Boot Camp & Military Fitness Providers, UK-based Outdoor Fitness, Boot Camp & Military Fitness Providers, Australasian-based Outdoor Fitness, Boot Camp & Military Fitness Providers, Canadian-based Outdoor Fitness, Boot Camp & Military Fitness Providers, Outdoor Fitness Business Start-up Considerations, Physical Activity Readiness Questionnaires (PAR-Q) & Liability Waivers, Accident & Emergency: Policy & Procedures, British Army Physical Training Instructor Course Overview, Army Reserve Physical Training Instructor (Basic) Course, Army Reserve PTI Intermediate Module One (IM1), Army Reserve PTI Intermediate Module Two (IM2), Army Reserve PTI Intermediate Module Three (IM3), Army Reserve PTI Advanced Module One (AM1), Army Reserve PTI Advanced Module Two (AM2), Army Reserve PTI Advanced Module Three (AM3), DITS (Defence Instructional Techniques) Course Overview, DSAT Module 2: Scoping Exercise (SCOP) Course, DSAT Module 3: Needs Analysis (NA) Course, DSAT Module 4: Early Training Analysis (ETA) Course, DSAT Module 5: Detailed Design & Development (DD&D) Course, DSAT Module 6: Internal Evaluation (INTEV) Course, DSAT Module 7: External Evaluation (EXTEV) Course, DSAT Module 8: First/Second Part Audit (1/2 PA), DSAT Module 9: Defence Training Managers Course (DTMC), DSAT Module 10: Defence Training Managers Seminar (DTM(S)), DSAT Module 11: Defence Commanding Officers of Training Establishments (COTE) Course, Defence Instructional Techniques (DIT) Course, Defence Instructional Techniques (Trainer) (DIT(T)) Course, Defence Train the Trainer Consolidation (DTTT(C)) Course, Defence Instructor Monitoring & Evaluation (DIME) Course, Defence Instructor Assessment & Development (DIAD) Course, Introduction to Learning Technologies (ILT) Course, Basic IT Skills (BITS) Assessment & Training, Fitness Boot Camp, Military Fitness & Outdoor Fitness Lesson Plans, Fitness License Application: General Process, Terms & Conditions for Personal Trainers & Group Fitness Registration & Use of Park-Venue, Code of Conduct for Outdoor Fitness Training, First Aid at Work: Guidance for Fitness Professionals, First Aid at Work: Guidance for Fitness Professionals (UK), First Aid at Work: Guidance for Fitness Professionals (Australia), JSP 822: The Governance & Management of Defence Training & Education, Military Fitness Instructor Courses & Schools, US Military Fitness Instructor Courses & Schools, British Military Fitness Instructor Courses & Schools, Australian & New Zealand Military Fitness Instructor Courses & Schools, Canadian Armed Forces Military Fitness Instructor Courses & Schools, Irish Defence Force (IDF) Physical Training Instructor (PTI), Indian Army Institute of Physical Training (AIPT), Issues Identified with Military Physical Training, Academic Journals: Military, Medical & Fitness, Methods of Systematic Review: 5 Levels of Evidence, Warrant Officers & the British Armed Forces, Ancient & Roman Era Documentaries (2000 BC to 400 AD), The Loaded March: Preparation & Training Guide, Easy-to-use Outdoor Fitness & Exercise Tests & Assessments, British Army Personal Fitness Assessment (PFA) (2019), British Army Physical Employment Standards (PES), Role Fitness Test (RFT) (2019), Training: Adaptation versus Maladaptation, Aerobic Training followed by Resistance Training versus Concurrent Training, Vital Statistics: Boot Camps & Other Forms of Training, Fitness Industry Employment Considerations & Models, Fitness Industry Human Resources Development (HRD), Part 04: Impact on Business Performance & The Bottom Line, Part 05: The Fitness Boot Camp & Military Fitness Perspective, Outdoor Fitness Employment Contract: Casual Worker (Example), Contract of Service versus Contract for Services, Fitness Industry Employment Policies & Procedures, The Six HR Challenges for (Fitness) Businesses, Prevention & Rehabilitation: Military Perspective, Elbow Tendonitis: Tennis & Golfers Elbow, CECS: Chronic Exertional Compartment Syndrome, An Overview of Piriformis Syndrome (aka Deep Gluteal Syndrome). Unlike all other public schemes, members pay 0% in contributions each month. Updated information under 'Resettlement Grant' heading. AFPS 1975: other ranks to have 12 relevant years of reckonable service from age 18. When a member of the armed forces reaches their retirement age, they receive one of the most generous pensions available in the UK. 68 South Lambeth Road Xafinty Paymaster has now moved to Equiniti Paymaster - please follow us at http://www.linkedin.com/company/1159938?trk=tyah Service Overview Equiniti Paymaster is a leading business process services providing pension, payroll and annuity administration to more than 750 schemes and 3 million members across major public and private sector schemes The Armed Forces Pension Calculator (AFPC) includes a projection of benefits from the Armed Forces Pension Schemes. Pay voluntary NICs to add to the contributions you have already built up; Save the equivalent cost of paying voluntary NICs until you are sure you will remain abroad and then start paying voluntary contributions. Replaced list of links for Pension codes to one link to Pension code page. Armed Forces Pension Scheme pension sharing on divorce factors (April 2019) (PDF, 900 KB, 52 pages), Pensions on divorce or dissolution of a civil partnership charging regime (PDF, 71.1 KB, 8 pages), Pension benefits on divorce and dissolution of civil partnerships (MMP 131) (PDF, 551 KB, 42 pages), Armed forces pension arrangements pension sharing on divorce (February 2020) (PDF, 1.39 MB, 134 pages). Updated AFPS 15 information and added new video. I left in 2014 and am only 48, so I have 6 or 7 more increases, I hope it goes up by more than it is at the moment! Addition of new section, 'Gibraltar Pension Scheme'. These are also the numbers to ring should you need to make a change to the way that your pension is paid. The letter asks for 'confirmation of identity in order for them (Equiniti) to continue paying your Armed Forces Pension'. We have been contacted by a handful of Members worried that they have received a possible scam letter from Equiniti Paymaster. That will NOT happen automatically! JavaScript is disabled. Guidance and documents relating to the reserve schemes. Pensions There are currently 2 Armed Forces Pension Schemes (AFPS) available to service leavers; AFPS 75 and AFPS 05. . Armed Forces pensions are taxable except where the Principal Invaliding Condition causing the medical discharge is classified as attributable to service. Updated text adding section "Changes from April 2015 affecting transfer out. Nothing is Certain Except Death and Taxes! Updated with information on the Armed Forces Pension Scheme. \{h`&28(I+C]j}}7{'%~j'\(6\p>!` >KZX7^0'@3hkCZ.~=qfo; s]FTEB]j]2i|CS3l&3k[#Xti}C*t(W.Wc aTcwQ+UNtVVP>js3[nxLm:,yRV 6)d {Lkj-jkHI9k[ N jkW(lwaNk=Kz|,)Ljo%/-j;mT) Vp9,Q\.GX@$pd}M_$\cF NqX>oFZ-FZ Added section Childrens pensions/allowances and accompanying document Childrens Pensions & Allowances. Some of you will decide to live abroad once you leave the Armed Forces so, in this article, Mary Petley of the Forces Pension Society explores the pension-related issues you need to understand. The lump sum is paid by SPVA and the monthly pension by Equiniti Paymaster (EP). You are paying the premium but that does not mean it is your policy. If veterans are not happy with responses from the pension administrator, they can complain to The Pensions Ombudsman if the scheme insists on recovering the over-payment without reasonable conditions. Post: Veterans UK, Pensions Division, Mail Point 480, Kentigern House, 65 Brown Street Glasgow G2 8EX If your pension is in payment you should approach Equiniti Paymaster if you have query or need to change your details. Addition of link to 'Armed Forces Pension Scheme: Future pension provision by 1 April 2022' beneath the heading 'McCloud update'. 68 South Lambeth Road Once traced, the member is written to at the traced address, requesting completion of the declaration and confirmation of their new address so that their record can be updated accordingly. This means that most people will start to pay higher rate tax when they have income of 50,270 or more. just because you're paranoid, it doesn't mean they're not out to get you. You need 35 years contributions to qualify for the full State Pension. Once in payment, the State Pension will not necessarily rise annually as it would in the UK, this will depend on what agreements are in place with your country of choice. Updated the information under the McCloud heading. To explain, if Equiniti (the people who pay Armed Forces Pensions on behalf of Veterans UK) have any correspondence returned to them from an address they hold for an AFPS member as Gone Away, an attempt to trace them is undertaken. The NHS Overused? von | Apr 28, 2023 | seaworld all day dining rules | sheffield wednesday goalkeepers past | Apr 28, 2023 | seaworld all day dining rules | sheffield wednesday goalkeepers past G2 8EX. Company status Active Company type Private limited Company Incorporated on 13 September 1996. If you leave without receiving immediate pension benefits (including leaving with an Early Departure Payment (EDP) under AFPS 15 or AFPS 05) you have the option to transfer the value of your deferred pension benefits to other defined benefit schemes. Addition of armed forces pension scheme consolidated factors list. For overseas veterans, Equinti Paymaster pays pensions on the date they are due, with payments then routed to overseas bank accounts via Citibank. Veterans have received letters from Equiniti Paymaster, the firm that manages the Armed Forces Pension Scheme on behalf of the Government, informing them of cuts to their monthly payments. The Pension Schemes Act 2015 and the Taxation of Pensions Act 2014 made this rule. Fax +44 1293 604010. According to the Government's table for increasing public sector pensions, the total CPI increase since 2012 is more like 29 or 30% than 8%. Can you help identify a Veteran with an unclaimed pension. This exercise was driven by the government and impacts all contracted out pension schemes in the UK.. For example, if you live in Canada it does not rise but if you live just over the border in the United States of America it does. A pension in payment cannot be transferred. Guidance re-written to help service personnel and veterans find out about their pensions. 1 0 obj Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Military pensions are calculated at 50% of basic pay after 20 years service, with 75% for those who serve 30. Contact Details: JPAC Enquiry Centre, Mail Point 403, Kentigern House, 65 Brown Street, GLASGOW, Read all our updates on McCloud find out more. Your monthly pension or monthly EDP will be paid by Equiniti Paymaster into your nominated account. We use cookies to ensure you get the best experience on our website. A spokeswoman for the MoD added: The majority of the identified overpayments have been written off with no further action, however we recognise the difficult situation this may cause to those still affected and are working hard to offer full support through Veterans UK as payments are adjusted. We've created this website so that you can preview the service and functionality that EQ Paymaster provides to its clients' members who have DB or DC scheme benefits. As a member of the armed forces you'll have been enrolled in a pension scheme automatically. The scheme is. In anticipation of contracting out ending in 2016, HMRC set up a voluntary service, the Scheme Reconciliation Service, to help pension schemes confirm that their records were correct by performing a comparison of scheme records against HMRC records.. According to the Government's table for increasing public sector pensions, the total CPI increase since 2012 is more like 29 or 30% than 8%. The Armed Forces Pension Calculator (AFPC) includes a projection of benefits from the Armed Forces Pension Schemes. If you are thinking of opting to have your pension taxed abroad, we suggest that you speak with a financial advisor to ensure that you make an informed decision. Buy to let properties - Still a worthwhile investment. Guidance and documents relating to the Gurkha pension scheme. Circle, square, triangle, waves There are countries where the default does not apply and no option exists about where to be taxed. %[j)K JL(F3[%U,O Hundreds of military veterans pensions are being cut by up to 600-a-year due to a computer error that led to years of overpayments, i can reveal. Guidance and documents relating to family pension benefits and ill-health benefits. EP will only contact you when the amount you have been told you will get changes (e.g.
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equiniti paymaster armed forces pension 2023