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leaving RM after 3 years ?

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.
newboy23

leaving RM after 3 years ?

Post by newboy23 »

If i leave royal mail what will happen to any money I have paid in to the pension scheme ?
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: leaving RM after 3 years ?

Post by RobertT »

If you've been with RM for 3 years you will be in the defined contribution scheme. You can therefore leave it invested or transfer it to another pension scheme.

More info can be found by looking at the plan guide here:
http://www.zurich.co.uk/internet/worksa ... 716529.pdf" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
newboy23

Re: leaving RM after 3 years ?

Post by newboy23 »

Thanks Robert, would I need to contact HR to stop the payments or Zurich ?
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: leaving RM after 3 years ?

Post by RobertT »

If you're leaving RM you won't need to to do anything because your payments into the pension will stop automatically. If you just want to opt out of the scheme, then the details are on the link I gave in my earlier post.
Links to all RM pension related websites are here
shahjee1
Posts: 1
Joined: 29 Sep 2014, 12:48
Gender: Male

Re: leaving RM after 3 years ?

Post by shahjee1 »

If you've been with RM for 3 years you will be in the defined contribution scheme. You can therefore leave it invested or transfer it to another pension scheme.
sultan