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Cash Balance or DB
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garnery
- Posts: 29
- Joined: 02 May 2016, 10:52
- Gender: Male
Cash Balance or DB
Has anyone seen anywhere an explanation of what would happen to the lump sum element of the CB scheme if the amount exceeds 25% pension. Thanks
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
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The information on the CB scheme is very thin on the ground at the moment, but the recent ‘newsflash’ on the subject did say they’ll be sending out a booklet soon.
But I would assume it will be the same as if we have more than 25% in AVC’s – it would be taxed!
Although in the case of AVC’s, I think if you transferred the residual amount to another pension you could get round that. Info: http://www.royalmailchat.co.uk/communit ... 27&t=69013" onclick="window.open(this.href);return false;
But I would assume it will be the same as if we have more than 25% in AVC’s – it would be taxed!
Although in the case of AVC’s, I think if you transferred the residual amount to another pension you could get round that. Info: http://www.royalmailchat.co.uk/communit ... 27&t=69013" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
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garnery
- Posts: 29
- Joined: 02 May 2016, 10:52
- Gender: Male
Cash Balance or DB
I assumed that too.
Thanks Robert
Thanks Robert