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taking full pension at 60 but continuing to work

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.
davethepostie
MAIL CENTRES/PROCESSING
Posts: 8
Joined: 05 Apr 2010, 05:16
Gender: Male

taking full pension at 60 but continuing to work

Post by davethepostie »

this has probably been asked before but i am new to this board and haven't been able to find an answer. if i wish to carry on working after reaching 60 can i still take my full pension. by that i mean the larger lump sum and lower pension. i am getting that knackered these days that by the time i am 65 i won't be fit enough to spend it.
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RobertT
EX ROYAL MAIL
Posts: 6548
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: taking full pension at 60 but continuing to work

Post by RobertT »

Yes you can.

All pension earned before April 2010 can be taken at 60 with no reduction. Any pension earned after that date is reduced for early payment.
Links to all RM pension related websites are here
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jockstrapp
EX ROYAL MAIL
Posts: 970
Joined: 28 Mar 2009, 17:58
Gender: Male

Re: taking full pension at 60 but continuing to work

Post by jockstrapp »

Be carefull, if you take your pension I think you will lose your death in service benefit (sorry for being so morbid).
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