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Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

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.
freespeech
MDEC
Posts: 762
Joined: 28 Jun 2007, 16:35

Re: Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

Post by freespeech »

.......why is your personal allowance £12350? It's £12500 for 2020/21.
stephen500
EX ROYAL MAIL
Posts: 1458
Joined: 02 Jun 2007, 04:04

Re: Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

Post by stephen500 »

freespeech wrote:
18 Dec 2020, 11:19
.......why is your personal allowance £12350? It's £12500 for 2020/21.
Because for whatever reason I owed them about £55, but had uniform allowance to offset it a little.
TheStrangler
Posts: 218
Joined: 27 Jun 2017, 10:41
Gender: Male

Re: Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

Post by TheStrangler »

stephen500 wrote:
18 Dec 2020, 10:09
750.jpg
Thanks for the update Stephen that's good going , thought you'd have to wait longer. All done via HR then?
stephen500
EX ROYAL MAIL
Posts: 1458
Joined: 02 Jun 2007, 04:04

Re: Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

Post by stephen500 »

TheStrangler wrote:
18 Dec 2020, 13:15
stephen500 wrote:
18 Dec 2020, 10:09
750.jpg
Thanks for the update Stephen that's good going , thought you'd have to wait longer. All done via HR then?
I first rang Hr who referred me to pensions.
I didn't need to do that, it was newbie.
When I rang HR again they said it was automatic and for many the first they know about the £750 is when it lands in their bank account minus the tax and national insurance.
Although, I would always ring both (I did).
fly-catchers
EX ROYAL MAIL
Posts: 573
Joined: 05 Oct 2008, 16:38
Gender: Male

Re: Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

Post by fly-catchers »

Guess leaving as I have. Taking the NR65 early at a later date perhaps within a month or so would not count? Its ironic that you have take the NRA65 early (unless you were coming up to 65) and leave to qualify for this payment. Which is technically to seek financial advice on retirement. Supposing their advice was whatever you do don't take a pension early! :whistle
stephen500
EX ROYAL MAIL
Posts: 1458
Joined: 02 Jun 2007, 04:04

Re: Breaking - RMPP RMSPS - update on tax- 18 1st June application for winter payment 2020, diary time line

Post by stephen500 »

fly-catchers wrote:
18 Dec 2020, 16:24
Guess leaving as I have. Taking the NR65 early at a later date perhaps within a month or so would not count? Its ironic that you have take the NRA65 early (unless you were coming up to 65) and leave to qualify for this payment. Which is technically to seek financial advice on retirement. Supposing their advice was whatever you do don't take a pension early! :whistle
Yes they give you money for advice after you no longer need it.
Or have to stump up the cash from your own pocket first.
Of course you don't have to use it for advice.