Nra 65 and cash balance

[Jack1960]

I will be 65 in August , section c member , I got my rmpp quote today not spectacular!! Just asking should I be getting my figures from capita soon and how does the cash balance factor in.
Also if I do take my nra 65 as offered is that the end of the cash balance for me? Sorry if this is a daft question!

[RobertT]

Yes, you should be getting a quote from Capita in due course.

The Cash Balance(DBCBS) is attached to the benefits you built up from 2012, so it can be used to fund the tax free cash from the pension you earned from 2012-2018 via the RMPP.

Once you take your NRA65 and assuming you've already taken your NRA60, then you will no longer be a employee member of the RMPP and so can't pay into the DBCBS any more.

If you're staying with RM, you will probably be auto enrolled into the RM Defined Contribution Plan via Scottish Widows, at some point. Or else you'll be eligible to join the new CDC scheme when that starts.

[Jack1960]

As so many have said on this forum, thanks Robert ,

[RobertT]

As so many have said on this forum, thanks Robert ,