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Pension

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.
holly123
EX ROYAL MAIL
Posts: 220
Joined: 24 Jan 2012, 12:45
Gender: Male

Pension

Post by holly123 »

Hi all. Just after some advice on pension if IHR , I know you can freeze it or transfer it to another pension but not a cash in pension , paid into it for over 20 yr but I'm only early 40s and wondering what to do with it , any ideas or passed experience. Thanks
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Red Robbo
MAIL CENTRES/PROCESSING
Posts: 680
Joined: 31 Jan 2012, 09:23
Gender: Male

Pension

Post by Red Robbo »

holly123 wrote:Hi all. Just after some advice on pension if IHR , I know you can freeze it or transfer it to another pension but not a cash in pension , paid into it for over 20 yr but I'm only early 40s and wondering what to do with it , any ideas or passed experience. Thanks
All you can do is leave it in the pension pot until you are 55yrs old when you can claim it, however there undoubtably will be a penalty for early benefit claim. Also keep RM informed of any change of address for pension purposes.
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