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pension booster

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.
Rommagic
Posts: 1465
Joined: 10 Sep 2007, 16:52

pension booster

Post by Rommagic »

On our apps.
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chickenwittle
Posts: 2088
Joined: 15 Nov 2009, 09:43
Gender: Male

Re: pension booster

Post by chickenwittle »

Just done it , free money, silly not to .
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SMS1969
Posts: 983
Joined: 28 Jun 2021, 11:36
Gender: Male

Re: pension booster

Post by SMS1969 »

chickenwittle wrote: ↑
08 Jul 2024, 17:55
 Just done it , free money, silly not to .
For those that can do it, do it👍
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NWpostie
Posts: 3601
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: pension booster

Post by NWpostie »

Ditto
Six of Nine loves Seven of Nine, together in Electric Dreams.
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comeracing
Posts: 804
Joined: 28 Nov 2010, 20:58
Gender: Male

Re: pension booster

Post by comeracing »

Read on app don't understand anyone explain?
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Rommagic
Posts: 1465
Joined: 10 Sep 2007, 16:52

Re: pension booster

Post by Rommagic »

Worth doing.
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ihatedogs
MAIL CENTRES/PROCESSING
Posts: 546
Joined: 03 Nov 2010, 18:53
Gender: Male

Re: pension booster

Post by ihatedogs »

comeracing wrote: ↑
08 Jul 2024, 23:21
 Read on app don't understand anyone explain?
On the people app, there's a tile titled " pensions collective plan", click on this & opt in to the lump sum booster.(If you want to, of course)
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posted
Posts: 249
Joined: 31 Jan 2018, 20:21
Gender: Male

Re: pension booster

Post by posted »

chickenwittle wrote: ↑
08 Jul 2024, 17:55
 Just done it , free money, silly not to .
not free money though is it?
It's in return for you investing 1%

splitting hairs I know and I agree it's a good deal, but just wouldn't call it free money
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wolfman
MAIL CENTRES/PROCESSING
Posts: 111
Joined: 13 Jun 2009, 13:55
Gender: Male

Re: pension booster

Post by wolfman »

How much extra is it per week? Is it about £3?
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Rommagic
Posts: 1465
Joined: 10 Sep 2007, 16:52

Re: pension booster

Post by Rommagic »

Must be about £6 a week more?.
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chickenwittle
Posts: 2088
Joined: 15 Nov 2009, 09:43
Gender: Male

Re: pension booster

Post by chickenwittle »

posted wrote: ↑
09 Jul 2024, 13:46
chickenwittle wrote: ↑
08 Jul 2024, 17:55
 Just done it , free money, silly not to .
not free money though is it?
It's in return for you investing 1%

splitting hairs I know and I agree it's a good deal, but just wouldn't call it free money
Silly post that mate but each to their own I suppose.
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broughts
Posts: 331
Joined: 24 Nov 2011, 19:09
Gender: Male

Re: pension booster

Post by broughts »

Are avc s weekly or monthly
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SMS1969
Posts: 983
Joined: 28 Jun 2021, 11:36
Gender: Male

Re: pension booster

Post by SMS1969 »

broughts wrote: ↑
09 Jul 2024, 18:25
 Are avc s weekly or monthly
I pay mine weekly
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heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: pension booster

Post by heapsy »

As we cannot take more than 25% of our pensions tax free, I'm guessing that it means more of the pot is left as pension, or am I missing something here?
And does the same apply to the AVCs? Thanks.
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posted
Posts: 249
Joined: 31 Jan 2018, 20:21
Gender: Male

Re: pension booster

Post by posted »

chickenwittle wrote: ↑
09 Jul 2024, 17:22
posted wrote: ↑
09 Jul 2024, 13:46
chickenwittle wrote: ↑
08 Jul 2024, 17:55
 Just done it , free money, silly not to .
not free money though is it?
It's in return for you investing 1%

splitting hairs I know and I agree it's a good deal, but just wouldn't call it free money
Silly post that mate but each to their own I suppose.
How is it a silly post/response?

A post titles pension booster, with responses about it being easy and to find it on the People App... nobody mentions that it's the Lump Sum Booster being referred to.

then to say it's free money.

That's akin to saying the pension is free money because you invest 6% and the business puts in 13.6%.
It's not free.

Pedantic post, perhaps, but silly?
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