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Flexi plan

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

Flexi plan

Post by Yamr1 »

I pay over 85 pounds weekly but now it has went over to my right hand side of my payslip ,
Help lol what is the new amount now so I don't pay tax etc or am I best keeping it 85
Not clued up on this stuff sorry or am I best still paying 85 or the pse
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: Flexi plan

Post by heapsy »

It partly depends on your contracted hours. With the increase to the National Minimum Wage, people were forced in many cases, to reduce their weekly contributions. I reduced my contribution to £60. With the Bonus Plan added, this makes £62.88 per week. I am now within PSE. As I said previously, it partly depends on contracted hours. You haven't mentioned yours, but this will have to be taken in to account when calculating your future contributions.
Yamr1
Posts: 623
Joined: 04 Feb 2018, 11:26
Gender: Female

Re: Flexi plan

Post by Yamr1 »

37 hours heapsy
Yamr1
Posts: 623
Joined: 04 Feb 2018, 11:26
Gender: Female

Re: Flexi plan

Post by Yamr1 »

If I did keep paying the 85 do you lose pse from above 60 pounds
But still benefit from the first 60 pounds in to the Flexi plan

Any help would be great
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: Flexi plan

Post by heapsy »

No, you lose it completely. This happened during the last dispute for many, myself included. But with the action taken being intermittent, it was impossible to keep changing payments. Reduce your payment to £60 and you will then be within PSE. Ring pensions today for a new form. It will take a week or so to rectify, so ring ASAP and return it just as quick. I think the phone line closes about 2pm.
Yamr1
Posts: 623
Joined: 04 Feb 2018, 11:26
Gender: Female

Re: Flexi plan

Post by Yamr1 »

Thanks heapsy for you're advice will get this sorted out today
max49
EX ROYAL MAIL
Posts: 122
Joined: 31 Dec 2010, 20:58
Gender: Female

Re: Flexi plan

Post by max49 »

A form can be downloaded from
https://www.royalmailpensionplan.co.uk/ ... a-library/ if you are in B section of pension
https://www.royalmailpensionplan.co.uk/ ... a-library/ C section of pension
I'm not sure if the forms are exactly the same for both sections
Then, for speed, you can email it to pensions and put a hard copy in the post