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60 This year

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.
oliviamae
Posts: 26
Joined: 09 May 2012, 18:42
Gender: Male

60 This year

Post by oliviamae »

Hi a little bit of advice needed. I’m 60 this year
and I would like to know how to work out my
NRA 60 for monthly pay and lump sum
I have about 3k annual in the capita one
and 26k in AVC
Thank you
priority102
EX ROYAL MAIL
Posts: 520
Joined: 04 Aug 2009, 18:57
Gender: Female

Re: 60 This year

Post by priority102 »

It's no good asking on here, as no one can accurately tell you, there are only 2 places to go - RMSPS (if you go back that far with RM) and RMPP.
oliviamae
Posts: 26
Joined: 09 May 2012, 18:42
Gender: Male

Re: 60 This year

Post by oliviamae »

Thank you
postie2007
EX ROYAL MAIL
Posts: 65
Joined: 20 Oct 2011, 09:46
Gender: Male

Re: 60 This year

Post by postie2007 »

Hi, I recently retired age 60 and took 60 & 65 benefits i approached both Capita and RMPP. The initial quotes will not provide AVC or Cash balance figures,.Once you inform them you wish to claim your pension a more comprehensive quote is then provided.
grchpo
Posts: 488
Joined: 16 Mar 2019, 13:59
Gender: Male

Re: 60 This year

Post by grchpo »

postie2007 wrote:
05 Jan 2023, 22:26
Hi, I recently retired age 60 and took 60 & 65 benefits i approached both Capita and RMPP. The initial quotes will not provide AVC or Cash balance figures,.Once you inform them you wish to claim your pension a more comprehensive quote is then provided.
Hi, thinking of doing same this year. Could you give a rough estimate of the lump sum & annual pension, without any AVC, & for how many years service. Sorry for asking if you'd prefer not to. Thanks
NWpostie
Posts: 3601
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: 60 This year

Post by NWpostie »

grchpo wrote:
05 Jan 2023, 22:33
postie2007 wrote:
05 Jan 2023, 22:26
Hi, I recently retired age 60 and took 60 & 65 benefits i approached both Capita and RMPP. The initial quotes will not provide AVC or Cash balance figures,.Once you inform them you wish to claim your pension a more comprehensive quote is then provided.
Hi, thinking of doing same this year. Could you give a rough estimate of the lump sum & annual pension, without any AVC, & for how many years service. Sorry for asking if you'd prefer not to. Thanks
I would be interested too, I need to start planning now with a workable figure to aim at.
Six of Nine loves Seven of Nine, together in Electric Dreams.
postie2007
EX ROYAL MAIL
Posts: 65
Joined: 20 Oct 2011, 09:46
Gender: Male

Re: 60 This year

Post by postie2007 »

Hi, no problem 15yrs in pension C, combined RMPP and RMSPS £234 a month after tax at BR. Lump sum so far £18860 split some AVC the rest Cash Balance. The remaining AVC and Cash Balance I have taken as an Uncrystallised sum so will get 25% of that tax free and pay tax on the remainder approx 8 weeks after my retirement date. Everybody's figures will be different I was an OPG on delivery..