Andrew Robathan MP - Ministry of Defence

Annex B
Armed Forces Compensation Scheme - table of factors for
calculation of the Guaranteed Income Payment, Survivors
Guaranteed Income Payment and Child Payment
The revised conversion factor takes into consideration the
recommendations from the Lord Boyce Review of the AFCS:
z The lasting effect of more serious injuries on future, likely promotions;
z The ability to work to age 65 (post the service career);
z The increase in the assumed average age of death from 79 to 86 years; and
z The reduction in the discount rate from 3% to 2.5%.
Age Factor Age Factor Age Factor
16 1.205 30 1.094 44 0.897
17 1.202 31 1.081 45 0.882
18 1.199 32 1.068 46 0.866
19 1.196 33 1.055 47 0.849
20 1.192 34 1.041 48 0.833
21 1.189 35 1.028 49 0.816
22 1.185 36 1.014 50 0.799
23 1.182 37 1.000 51 0.781
24 1.170 38 0.968 52 0.763
25 1.157 39 0.972 53 0.744
26 1.145 40 0.957 54 0.724
27 1.132 41 0.943 55 0.705
28 1.120 42 0.928 over 55 0.705
29 1.107 43 0.913
28 The Review of the Armed Forces Compensation Scheme - One Year On