`wage slip

Post by **stodgy88** » 07 Oct 2018, 13:15

morning ,on this weeks pay slip ,in the box titled pensions contrib.pay .it as £6.87 ,but I don't pay into the pension screen anymore ,any ideas (Robert) thanks.

Post by **RobertT** » 07 Oct 2018, 14:01

The 'pensions contrib. pay' is the amount of your wages that your pension payments are based on. A figure of just £6.87 is a bit random, so if there aren't any pension deductions on your payslip, then I wouldn't worry too much.

On a separate note, why aren't you paying into any RM pension? Even if you've already taken your NRA60 & NRA65 you can still pay into the RMDCP.
By not doing so, you're giving away a lot of free money from both RM and the government.

Post by **stodgy88** » 07 Oct 2018, 18:59

Thanks for reply, regarding pension ,its a long story,can I rejoin ?

Post by **RobertT** » 07 Oct 2018, 19:18

You can't rejoin the RMPP if you've opted out or taken your benefits, but you can join the RMDCP administered by Zurich. Details can be found here.

You may have already been auto-enrolled into the RMDCP at some point? If so did you opt out?

Post by **stodgy88** » 07 Oct 2018, 19:44

Smith1212 · Post by **Smith1212** » 10 Oct 2018, 16:32

Been at Royal Mail 4 months now how do I get on the pension schemes and pay in to it please

Post by **RobertT** » 10 Oct 2018, 16:59

Smith1212 wrote:Been at Royal Mail 4 months now how do I get on the pension schemes and pay in to it please

All the details are in the plan guide, available here.

Smith1212 · Post by **Smith1212** » 10 Oct 2018, 18:29

Thanks a lot

Post by **stodgy88** » 10 Oct 2018, 18:56

You may have already been auto-enrolled into the RMDCP at some point? If so did you opt out? yes ,can I rejoin ?

Smith1212 · Post by **Smith1212** » 10 Oct 2018, 21:08

I pay in to the union and i have never opted out of anything,since working at Royal Mail so hopefully I’ll start getting my pension taken out of my wage slip

Post by **RobertT** » 11 Oct 2018, 04:24

stodgy88 wrote:You may have already been auto-enrolled into the RMDCP at some point? If so did you opt out? yes ,can I rejoin ?

Yes you should be able to, as this Pensions Advisory Service info suggests.

Get in touch with RMDCP people and ask. Their contact details are in the plan guide I linked to in my previous post.

Post by **stodgy88** » 11 Oct 2018, 04:58

Thanks RobertT as always.

twoloops · Post by **twoloops** » 25 Jun 2020, 15:20

Anyone get a Lump Sum (NPen) payment in todays payslip? Anyone know what it is?

Post by **RobertT** » 25 Jun 2020, 15:40

twoloops wrote:Anyone get a Lump Sum (NPen) payment in todays payslip? Anyone know what it is?

It's the Covid-19 'bonus'!

TheStrangler · Post by **TheStrangler** » 26 Jun 2020, 11:08

RobertT wrote:You can't rejoin the RMPP if you've opted out or taken your benefits, but you can join the RMDCP administered by Zurich. Details can be found here.

You may have already been auto-enrolled into the RMDCP at some point? If so did you opt out?

How does the Zurich scheme compare to the cash balance scheme we currently pay into?
Had a look at their website but unable to access it fully for some reason.
Are the % figures that rm pay into it any different to what they contribute to the cash balance scheme?
Does the scheme provide a lump sum and/or pension? Can you "cash in" so to speak at any time or age?

Thanks in advance.