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Taking pension money

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.
deristrong
Posts: 195
Joined: 15 Nov 2013, 09:28
Gender: Male

Taking pension money

Post by deristrong »

Spent hours going round in circles trying to find out how to withdraw money. Loads of different sites and videos to watch but nothing obvious. Anyone know? Thanks.
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Taking pension money

Post by RobertT »

Tell us which pension scheme you're in, as the answer will be different.
Links to all RM pension related websites are here
freespeech
MDEC
Posts: 762
Joined: 28 Jun 2007, 16:35

Re: Taking pension money

Post by freespeech »

Reading the subject line I expected this post to be about the pension money being used to fund a payment (expected to be around £900) for ALL employees except the board subject to a yes vote.........
deristrong
Posts: 195
Joined: 15 Nov 2013, 09:28
Gender: Male

Re: Taking pension money

Post by deristrong »

I get a Royal Mail Defined Contribution Plan statement annually. Does that help?
rogersh
MAIL CENTRES/PROCESSING
Posts: 1373
Joined: 26 Oct 2011, 11:31
Gender: Male

Re: Taking pension money

Post by rogersh »

RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Taking pension money

Post by RobertT »

deristrong wrote:
16 Jun 2023, 18:29
Spent hours going round in circles trying to find out how to withdraw money. Loads of different sites and videos to watch but nothing obvious. Anyone know? Thanks.
deristrong wrote:
21 Jun 2023, 13:49
I get a Royal Mail Defined Contribution Plan statement annually. Does that help?
You need to look at the members guide for more info on the RMDCP.
https://adviser.scottishwidows.co.uk/as ... 0353sw.pdf

Depending exactly what you want to do, you may be able to withdraw directly from your Scottish Widows account, or you may have to transfer your funds to another provider first.
Links to all RM pension related websites are here