just wondered if anyone knows if there is a maximum amount of years needed to get the maximum/full pension?
if so do stop contributing nearer retirement?
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years needed for full pension
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: years needed for full pension
It used to be that the maximum pension related to 2/3 of your final salary but with rule changes and the final salary scheme closing and being replaced by the career average version and the defined contribution for new starters after April 2008, I'm not sure there is such thing as a maximum pension these days.
But you are not allowed to pay in for more than 45 years or after your 75th birthday, assuming you're in sections A, B or C.
More info can be found by downloading the relevant brochure here:
http://royalmailpensionplan.co.uk/55/rm ... -brochures" onclick="window.open(this.href);return false;
But you are not allowed to pay in for more than 45 years or after your 75th birthday, assuming you're in sections A, B or C.
More info can be found by downloading the relevant brochure here:
http://royalmailpensionplan.co.uk/55/rm ... -brochures" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
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stevenshm
- Posts: 73
- Joined: 28 Aug 2007, 13:48
Re: years needed for full pension
thanks for the reply and the link ill have a read through
thanks
thanks
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heapsy
- Posts: 2949
- Joined: 02 Jun 2007, 23:40
- Gender: Male
- Location: Drinking with Gangsters
Re: years needed for full pension
45stevenshm wrote:just wondered if anyone knows if there is a maximum amount of years needed to get the maximum/full pension?
if so do stop contributing nearer retirement?