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Pension went up today.

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
Wullie10
EX ROYAL MAIL
Posts: 662
Joined: 30 Jul 2017, 12:07
Gender: Male
Location: Retired

Pension went up today.

Post by Wullie10 »

My monthly pension was almost £10 more this week. Any ideas why.? I wasn't expecting an increase in September
baldrick
EX ROYAL MAIL
Posts: 5028
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: Pension went up today.

Post by baldrick »

You're lucky if you got £10 more! I just checked and I got 20p more than last month, I don't know why.
Edit: I'd guess it's due to a HMRC tax adjustment.
Wullie10
EX ROYAL MAIL
Posts: 662
Joined: 30 Jul 2017, 12:07
Gender: Male
Location: Retired

Re: Pension went up today.

Post by Wullie10 »

I got the usual letter today showing increase I received this month but no explanation. I am not sure if its a one off or a regular payment. Before I ring them has anyone else experienced an increase out of the blue in their pension? My worry is if the can increase it without explanation maybe they could decrease it. You never know with this crappy company.
So question is has anyone had a increased or decreased pension for no given reason ?
Steve_claret
MAIL CENTRES/PROCESSING
Posts: 322
Joined: 17 Dec 2011, 14:53
Gender: Male

Re: Pension went up today.

Post by Steve_claret »

Have HMRC changed your tax code without telling you? I recommend downloading the HMRC app onto your phone if possible. Its a really good app for keeping track of your income and PAYE tax paid.