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Hypothetical Question

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.
goona
Posts: 32
Joined: 28 May 2007, 21:23
Gender: Male
Location: Kent

Hypothetical Question

Post by goona »

Hello all,

hypothetically if my gross pay was £500 per week
and my net pay was £400 per week with liitle to no outgoings
how much would I be allowed to put in an AVC weekly ?

Thanks in advance
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Hypothetical Question

Post by RobertT »

Hypothetically you could put it all in. But by doing that, you would exclude yourself from PSE, which is a nice little extra saving on your National Insurance contributions.

PSE info is here: https://www.myroyalmail.com/node/6791" onclick="window.open(this.href);return false;

And there’s more info on AVC’s here: https://www.royalmailpensionplan.co.uk/ ... nsion-avcs" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
goona
Posts: 32
Joined: 28 May 2007, 21:23
Gender: Male
Location: Kent

Hypothetical Question

Post by goona »

RobertT wrote:Hypothetically you could put it all in. But by doing that, you would exclude yourself from PSE, which is a nice little extra saving on your National Insurance contributions.

PSE info is here: https://www.myroyalmail.com/node/6791" onclick="window.open(this.href);return false;

And there’s more info on AVC’s here: https://www.royalmailpensionplan.co.uk/ ... nsion-avcs" onclick="window.open(this.href);return false;

Thanks Robert will have a read
Lincox
EX ROYAL MAIL
Posts: 3485
Joined: 09 Jan 2008, 18:07
Gender: Male

Hypothetical Question

Post by Lincox »

Depends on your age

Go to this site

http://www.cwps.ie/increase_your_pensio ... fault.aspx" onclick="window.open(this.href);return false;
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Hypothetical Question

Post by RobertT »

Lincox wrote:Depends on your age

Go to this site

http://www.cwps.ie/increase_your_pensio ... fault.aspx" onclick="window.open(this.href);return false;
That's an Irish website, so obviously doesn't apply in the UK.
Links to all RM pension related websites are here