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does this sound about right?

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.
Edward Hunter
Posts: 678
Joined: 23 May 2007, 22:30

does this sound about right?

Post by Edward Hunter »

Does this sound about right?
32 years service
pension taken 2 years early
£37,000 Lump sum
£7,000 per annum
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: does this sound about right?

Post by RobertT »

Edward Hunter wrote:
03 May 2021, 19:51
Does this sound about right?
Pension entitlement can be a very individual thing because it's based on your own RM work history, which will obviously vary from person to person to some degree. So no one would be able to answer that with any degree of accuracy without much more information.
32 years service
That suggests section C.
Was it all full time or was some of it part time?
What about pensionable allowances?
pension taken 2 years early
NRA60, NRA65 or both?
Does it include all pension from RMSPS and RMPP?
What about the DBCBS?
£37,000 Lump sum
£7,000 per annum
Compare these figures to your previous years annual statements, factor in the early payment reduction and you should be able to answer your own questions. Your answer is likely to be more accurate than any educated guess you'll get on an internet forum.
Links to all RM pension related websites are here