AVC’s in to the new RMCPP

[Alantidey]

Just taken a look at my payslip for this week and found I’m paying a bit more NIC and tax than in previous weeks because of the way the contributions are managed

I’m guessing that because the total amount of deductions puts me back below the minimum wage, I’ve fallen out of PSE, although the only indication of this is against the lump sum booster which is listed as non PSE (and the pension payments being listed on the right side of the payslip)

I’ve reduced the AVC so that the same overall amount is deducted as previously. Hopefully this will put me back in!

Is anyone else finding the same?

[heapsy]

Yes, but if you look closely, you should see that we paid double payments, due it some being back dated. That was the last of the old NRA65 payments, so going forward, it shouldn't happen again.

[Alantidey]

Not for me. Usual payments for the other elements this week. My reduction of AVC’s to the lower level calculated from deducting the extra payments from the total amount of contributions put me back in to PSE. That’s a relief.

[kumarana]

Hello

Just saw my payslip and I am contributing
To pension has increased from 29 pounds to 36 pounds
Since October 12. I know we have the new collective scheme
However my understanding is that we contribute 6 percent
Which remain the same

Any advice regarding this

I have extra 1 percent contribution which is shown
In payslip as 6 pounds in which is different from my
Normal pension

[RobertT]

Hello

Just saw my payslip and I am contributing
To pension has increased from 29 pounds to 36 pounds
Since October 12. I know we have the new collective scheme
However my understanding is that we contribute 6 percent
Which remain the same

Any advice regarding this

I have extra 1 percent contribution which is shown
In payslip as 6 pounds in which is different from my
Normal pension

Were you in section C of the RMPP?

If so, the Lower Earnings Deduction is no longer taken away from your actual pay to make your pensionable pay, so that is now higher and you're paying 6% of a larger amount.

Or maybe some of your allowances are now pensionable?

Try this for more info: viewtopic.php?f=27&t=114239