ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Pension?

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.
thebigone
Posts: 153
Joined: 29 Apr 2009, 17:13
Gender: Male

Pension?

Post by thebigone »

I’m cashing in my pension 3 months time
I know roughly how much I get on 3 pensions
Iv been paying £2.88 every week for about 8 years how much roughly get off that lump sum?
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension?

Post by RobertT »

You've been paying into Bonusplan for 8 years?

How much that is worth will depend to a large degree on your investment choices, which you haven't divulged.

The difference between the best and worst performing funds is probably quite big, so realistically no one will be able to give you even a rough figure.

However, you should have received an annual statement for your Bonusplan in the post a few weeks ago?

Or you can also find out it's value by logging on to the Money4Life website: https://money4life.scottishwidows.co.uk/employee/#/
You should have got login details when SW took over from Zurich in 2019.
Links to all RM pension related websites are here