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Is this enough for 25% lump sum ?

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Engy
Posts: 21
Joined: 22 Jul 2018, 17:56
Gender: Male

Re: Is this enough for 25% lump sum ?

Post by Engy »

renrag40 wrote:
08 Jun 2024, 03:11
Engy wrote:
07 Jun 2024, 21:12
Hi RobertT, I've just left RM in April and was 59 at the end of May. I joined in 86 so am in section B. I've just had my preserved benifits letter from RMSPS ,

Current value- £13,266..61
Current lump sum-39,799.84
I've also got 79,000 in an AVC
So do I 20 x current value and add lump sum to get rough figures?

eg 20 x13,266=265,320+39,799+79,000=384,119÷25%=96000

So if I leave until next may it will be 13,266 a year plus 96,000 lump sum?
What about the DBCBS that you had been paying into since 2018?
I was leaving the DBCBS Lump sum until my 65 pension.
Thanks for all the replies