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!

Avcs PSE

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.
Yamr1
Posts: 623
Joined: 04 Feb 2018, 11:26
Gender: Female

Avcs PSE

Post by Yamr1 »

Does anyone know the most i can put in without going over PSE Im on a 37 hour contract
Thanks
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: Avcs PSE

Post by heapsy »

I'm also on 37 hrs and am currently paying £89.88. split across Bonus plan and Flexi plan. It's pretty close to the limit. The National Minimum wage goes up in April. I calculated that the maximum payable then will be about £69 per week, if you want to stay in PSE. Basically, you have to earn the NMW per contracted hour, AFTER deductions.
Yamr1
Posts: 623
Joined: 04 Feb 2018, 11:26
Gender: Female

Re: Avcs PSE

Post by Yamr1 »

Cheers bud
mrcurve
Posts: 112
Joined: 23 Nov 2011, 19:27
Gender: Male

Re: Avcs PSE

Post by mrcurve »

In April the new minimum wage will go to

£11.44

if you multiply it by your hours it will give you the base figure not to drop below.

for 37 hrs its going to go to £423.28.

OTHER Things may also need to be accounted for too, additional salary exchange arrangements, child care vouchers, maybe the new sick system
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: Avcs PSE

Post by heapsy »

Cheers. :thumbup