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Pension pot nra60 + nra65

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.
Thailand1
Posts: 66
Joined: 14 Jul 2019, 06:38
Gender: Male

Pension pot nra60 + nra65

Post by Thailand1 »

Thailand1 wrote:
Thailand1 wrote:Hi Robert

Just to confirm should the 2nd one be NRA 65 from your previous quote.

The maths will look like this:

NRA60 pension x 20 + standard lump sum = total pot value / 4 = tax free lump sum
Remaining amount / 20 = yearly pension.

The DBCBS will normally be paid out along with your NRA65 benefits, so include the amount you've accrued onto your NRA65 figures and do the same maths again:

NRA60 pension x 20 + standard lump sum + DBCBS = total pot value / 4 = tax free lump sum
Remaining amount / 20 = yearly pension.


Really good work again thanks.

Hi Robert.....Should 20% of the CSDB 2008 - 2018 be included in NRA 60?

Thank you in advance.
Thailand1
Posts: 66
Joined: 14 Jul 2019, 06:38
Gender: Male

Pension pot nra60 + nra65

Post by Thailand1 »

Robert T... :wave Help!
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Pension pot nra60 + nra65

Post by RobertT »

Thailand1 wrote:
Thailand1 wrote:Hi Robert

Just to confirm should the 2nd one be NRA 65 from your previous quote.

The maths will look like this:

NRA60 pension x 20 + standard lump sum = total pot value / 4 = tax free lump sum
Remaining amount / 20 = yearly pension.

The DBCBS will normally be paid out along with your NRA65 benefits, so include the amount you've accrued onto your NRA65 figures and do the same maths again:

NRA60 pension x 20 + standard lump sum + DBCBS = total pot value / 4 = tax free lump sum
Remaining amount / 20 = yearly pension.

Really good work again thanks.
Hi Robert.....Should 20% of the CSDB 2008 - 2018 be included in NRA 60?

Thank you in advance.
Yes, as per the link in my first post in this thread.
Links to all RM pension related websites are here