ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Pension at 55

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.
Seanpriddy7
Posts: 11
Joined: 13 Feb 2023, 14:51
Gender: Male

Pension at 55

Post by Seanpriddy7 »

I sent for my figures for cashing in pension early at 55 and I returned them by dates requested filling in my wishes and bank details etc. I'm not 55 till 20th May should.i have heard anything else back from them as obviously i dont know the figure for if i take any of the cash balance now. As they only provided the nra60 and 65 figures which I understand is normal.until you confirm if you are taking any benefits early. Just wonder if i should have now received full figures for everything?
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension at 55

Post by RobertT »

The last time I heard, they were giving preference to those taking their benefits at NRA, plus Capita(in charge of the RMSPS) are notoriously inefficient. So don't be surprised if the process goes on after your 55th birthday,
Links to all RM pension related websites are here
oliviamae
Posts: 26
Joined: 09 May 2012, 18:42
Gender: Male

Re: Pension at 55

Post by oliviamae »

Hi I’m 60 next month, still haven’t had figures although I phoned them today and they said that have been in touch with Capita and should receive a quote this week
freespeech
MDEC
Posts: 762
Joined: 28 Jun 2007, 16:35

Re: Pension at 55

Post by freespeech »

I know someone who has just taken their pension before NRA. The entire process from initial contact took almost four months!
mrcurve
Posts: 112
Joined: 23 Nov 2011, 19:27
Gender: Male

Re: Pension at 55

Post by mrcurve »

oliviamae wrote:
26 Apr 2023, 20:20
Hi I’m 60 next month, still haven’t had figures although I phoned them today and they said that have been in touch with Capita and should receive a quote this week
Take extra care with the capita paperwork, they dont look at it until the last min, if you made an error they the send you a letter to tell you, I have the general impression they are comfortable with paying later than RMPP