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RMSPS Lump Sum

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.
DiamondSmiles
Posts: 498
Joined: 05 Feb 2009, 20:03
Gender: Male

RMSPS Lump Sum

Post by DiamondSmiles »

Just been looking at my NRA 60 benefits.

Can anybody tell me if the lump sum is taxable please?

Thanks
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clashcityrocker
Posts: 16469
Joined: 22 Sep 2009, 13:50
Gender: Male
Location: strummerville

Re: RMSPS Lump Sum

Post by clashcityrocker »

The 25% is tax free.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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mrcurve
Posts: 112
Joined: 23 Nov 2011, 19:27
Gender: Male

Re: RMSPS Lump Sum

Post by mrcurve »

25% tax free of the total value of your benefits, this would include any avc's, initial pension multiplied etc, so your pot would Probably have to be massive to be a problem.

as we have so many schemes it would be wise to have a look at the https://www.royalmailpensionplan.co.uk/
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