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
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Hypothetical Question
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Hypothetical Question
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;
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
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goona
- Posts: 32
- Joined: 28 May 2007, 21:23
- Gender: Male
- Location: Kent
Hypothetical Question
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
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Lincox
- EX ROYAL MAIL
- Posts: 3485
- Joined: 09 Jan 2008, 18:07
- Gender: Male
Hypothetical Question
Depends on your age
Go to this site
http://www.cwps.ie/increase_your_pensio ... fault.aspx" onclick="window.open(this.href);return false;
Go to this site
http://www.cwps.ie/increase_your_pensio ... fault.aspx" onclick="window.open(this.href);return false;
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Hypothetical Question
That's an Irish website, so obviously doesn't apply in the UK.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;
Links to all RM pension related websites are here