Impending Retirement

adjective · Post by **adjective** » 22 Oct 2020, 13:03

I reach state retirement age March 2021.
What is the procedure will Royal Mail contact me?
This is a general payroll enquiry as opposed to a specific pension one.

Post by **RobertT** » 22 Oct 2020, 14:30

If you're still working for RM, there would be no reason for them to contact you, as there is no longer a maximum retirement age - you can work for as long as you want!

I assume you've already taken your RM pensions?

adjective · Post by **adjective** » 22 Oct 2020, 15:42

Thank you yes I have. As it stands I do not intend to work after state retirement age but obviously things can change. It looks as if I will have to initiate the retirement process as and when. Thanks again.

Post by **RobertT** » 22 Oct 2020, 15:49

RM are nothing to do with the state pension, you should be contacted automatically: https://www.gov.uk/new-state-pension/how-to-claim" onclick="window.open(this.href);return false;

When you want to leave RM, just resign giving them the appropriate notice.

adjective · Post by **adjective** » 22 Oct 2020, 18:51

Thank you Robert your comments have been very helpful.

Post by **grandypants** » 22 Oct 2020, 22:01

RobertT wrote:RM are nothing to do with the state pension, you should be contacted automatically: https://www.gov.uk/new-state-pension/how-to-claim" onclick="window.open(this.href);return false;

When you want to leave RM, just resign giving them the appropriate notice.

You HAVE to claim your state pension and beware it is NOT backdated

taxi4leighton · Post by **taxi4leighton** » 22 Oct 2020, 23:27

Royal Mail won’t contact you because of age discrimination.

Tunahowmad · Post by **Tunahowmad** » 23 Oct 2020, 05:40

As others have mentioned you should receive written confirmation about 3 to 4 months before state pension is due to start and you must reply to confirm you want it. If you do not receive this about 3 months before that date do contact and query why. You must be approx 66 years of age i assume. If working still your tax will increase as state pension is taken from your personal allowance so be prepared.

sequinn · Post by **sequinn** » 02 Nov 2020, 16:40

I reach state retirement age February 2021. I received my claim letter last week, completed it online and got a letter today stating how much state pension I’ll receive.

2yearpostie · Post by **2yearpostie** » 02 Nov 2020, 17:07

Tunahowmad wrote: If working still your tax will increase as state pension is taken from your personal allowance so be prepared.

Eh? how does that work?

Post by **RobertT** » 02 Nov 2020, 18:59

2yearpostie wrote:
Tunahowmad wrote: If working still your tax will increase as state pension is taken from your personal allowance so be prepared.
Eh? how does that work?

All income above the personal tax allowance(currently £12,500 per year) is taxable. That income includes:

wages from a job
pension income, not including any tax free lump sums
state pension
interest on savings over the annual £1,000 limit