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Pension from 2018 to 2024

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.
Dnairn8417
Posts: 2
Joined: 09 Apr 2017, 20:36
Gender: Female

Re: Pension from 2018 to 2024

Post by Dnairn8417 »

RobertT wrote: ↑
13 Sep 2024, 15:13
 The DBCBS wouldn't be reduced if taken at 55 with NRA65, but whenever you take it, you might find the taxman will take a decent chunk.
There’s now a 1.5% reduction for taking it before 65. They introduced it this year.
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RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension from 2018 to 2024

Post by RobertT »

Dnairn8417 wrote: ↑
21 Sep 2024, 19:19
RobertT wrote: ↑
13 Sep 2024, 15:13
 The DBCBS wouldn't be reduced if taken at 55 with NRA65, but whenever you take it, you might find the taxman will take a decent chunk.
There’s now a 1.5% reduction for taking it before 65. They introduced it this year.
Have you got a link to that?

Is it just a flat 1.5% or 1.5% per year?
Links to all RM pension related websites are here
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