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Lump sum 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.
david3595
Posts: 167
Joined: 23 Apr 2007, 07:40

Re: Lump sum booster

Post by david3595 »

App up and running this morning but was down Wednesday night :thumbup

quote=david3595 post_id=1100497 time=1724273022 user_id=386]
Just signed into the People App to check Annual Leave, getting an error message. Lump Sum Booster and AVC’s are again showing as not set up? Is there another update taking place today, cheers.
[/quote]
Rommagic
Posts: 1465
Joined: 10 Sep 2007, 16:52

Re: Lump sum booster

Post by Rommagic »

17,000 have signed up now.
Hyrrokkin
Posts: 854
Joined: 24 Nov 2021, 18:17
Gender: Male

Re: Lump sum booster

Post by Hyrrokkin »

Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Lump sum booster

Post by RobertT »

Hyrrokkin wrote:
23 Aug 2024, 17:58
Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
A quick Google comes up with this LTB released today(23/8/23):
https://www.cwu.org/ltb/ltb-282-24-roya ... tive-plan/

Over 3,300 have also opted to pay AVC's.
Links to all RM pension related websites are here
Hyrrokkin
Posts: 854
Joined: 24 Nov 2021, 18:17
Gender: Male

Re: Lump sum booster

Post by Hyrrokkin »

RobertT wrote:
23 Aug 2024, 19:07
Hyrrokkin wrote:
23 Aug 2024, 17:58
Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
A quick Google comes up with this LTB released today(23/8/23):
https://www.cwu.org/ltb/ltb-282-24-roya ... tive-plan/

Over 3,300 have also opted to pay AVC's.
Ok cool thanks
NWpostie
Posts: 3601
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: Lump sum booster

Post by NWpostie »

RobertT wrote:
23 Aug 2024, 19:07
Hyrrokkin wrote:
23 Aug 2024, 17:58
Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
A quick Google comes up with this LTB released today(23/8/23):
https://www.cwu.org/ltb/ltb-282-24-roya ... tive-plan/

Over 3,300 have also opted to pay AVC's.

I have opted in to the lump sum booster and AVC.

May as well no point putting all my eggs in one basket.
Six of Nine loves Seven of Nine, together in Electric Dreams.
Sean06
Posts: 2375
Joined: 20 Nov 2023, 16:50
Gender: Male

Re: Lump sum booster

Post by Sean06 »

NWpostie wrote:
24 Aug 2024, 18:10
RobertT wrote:
23 Aug 2024, 19:07
Hyrrokkin wrote:
23 Aug 2024, 17:58
Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
A quick Google comes up with this LTB released today(23/8/23):
https://www.cwu.org/ltb/ltb-282-24-roya ... tive-plan/

Over 3,300 have also opted to pay AVC's.

I have opted in to the lump sum booster and AVC.

May as well no point putting all my eggs in one basket.
Ok if you can afford thousands are'nt able too..
NWpostie
Posts: 3601
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: Lump sum booster

Post by NWpostie »

Sean06 wrote:
24 Aug 2024, 19:56
NWpostie wrote:
24 Aug 2024, 18:10
RobertT wrote:
23 Aug 2024, 19:07
Hyrrokkin wrote:
23 Aug 2024, 17:58
Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
A quick Google comes up with this LTB released today(23/8/23):
https://www.cwu.org/ltb/ltb-282-24-roya ... tive-plan/

Over 3,300 have also opted to pay AVC's.

I have opted in to the lump sum booster and AVC.

May as well no point putting all my eggs in one basket.
Ok if you can afford thousands are'nt able too..
Why you're being bitter at me specifically ?

I'm doing the best I can with my circumstances, currently putting £30 a week after some budgeting.
Six of Nine loves Seven of Nine, together in Electric Dreams.
Sean06
Posts: 2375
Joined: 20 Nov 2023, 16:50
Gender: Male

Re: Lump sum booster

Post by Sean06 »

NWpostie wrote:
24 Aug 2024, 23:01
Sean06 wrote:
24 Aug 2024, 19:56
NWpostie wrote:
24 Aug 2024, 18:10
RobertT wrote:
23 Aug 2024, 19:07
Hyrrokkin wrote:
23 Aug 2024, 17:58
Rommagic wrote:
23 Aug 2024, 14:45
17,000 have signed up now.
Where did you get that number ?
A quick Google comes up with this LTB released today(23/8/23):
https://www.cwu.org/ltb/ltb-282-24-roya ... tive-plan/

Over 3,300 have also opted to pay AVC's.

I have opted in to the lump sum booster and AVC.

May as well no point putting all my eggs in one basket.
Ok if you can afford thousands are'nt able too..
Why you're being bitter at me specifically ?

I'm doing the best I can with my circumstances, currently putting £30 a week after some budgeting.
Not bitter at all good luck to anyone who can afford to.most people live week to week an can't afford to put anything extra away.
Postie Malone
Posts: 27
Joined: 25 Jul 2024, 19:50
Gender: Female

Re: Lump sum booster

Post by Postie Malone »

Sean06 wrote:
25 Aug 2024, 10:16


Not bitter at all good luck to anyone who can afford to.most people live week to week an can't afford to put anything extra away.
The lump sum booster will cost less than £4 extra nett per week using PSE, but increase your lump sum by about £10 after the tax relief and the extra RM contribution.

I appreciate that even £4 may be unaffordable for a few people, but if anyone can afford that £4 then it really is likely to be the best return on investment that you can get.
ihatedogs
MAIL CENTRES/PROCESSING
Posts: 546
Joined: 03 Nov 2010, 18:53
Gender: Male

Re: Lump sum booster

Post by ihatedogs »

Lump sum booster showing as not set up again. Second time this has happened since it became available. Presume it will show correctly in the next couple of days.
I went into the app to set up an AVC but guess that's going to have to wait.
Sean06
Posts: 2375
Joined: 20 Nov 2023, 16:50
Gender: Male

Re: Lump sum booster

Post by Sean06 »

ihatedogs wrote:
31 Aug 2024, 10:52
Lump sum booster showing as not set up again. Second time this has happened since it became available. Presume it will show correctly in the next couple of days.
I went into the app to set up an AVC but guess that's going to have to wait.
App is down from 6pm on fri 30th aug till 7pm 1st sept.
Kaiser_soze
Posts: 92
Joined: 01 Oct 2018, 22:22
Gender: Male

Re: Lump sum booster

Post by Kaiser_soze »

ihatedogs wrote:
31 Aug 2024, 10:52
Lump sum booster showing as not set up again. Second time this has happened since it became available. Presume it will show correctly in the next couple of days.
I went into the app to set up an AVC but guess that's going to have to wait.
It does say on the messages tile that some information will show as blank over this weekend
Rommagic
Posts: 1465
Joined: 10 Sep 2007, 16:52

Re: Lump sum booster

Post by Rommagic »

Check it's been started on the app people seems too be an error.
Burghboy
Posts: 224
Joined: 21 Oct 2013, 09:19
Gender: Male

Re: Lump sum booster

Post by Burghboy »

The AVC’s is there a limit of what you can pay in?