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Pensionable Pay

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.
Postee2
Posts: 95
Joined: 25 Jun 2020, 08:37
Gender: Male

Pensionable Pay

Post by Postee2 »

Compared my wage slip to one from a few weeks ago (previous financial year). Has the pensionable pay amount gone up by 10% ? And altogether we still have 19.6% of that pensionable pay going towards our pensions.
If so it strikes me as a other reason to stay employed with Royal Mail as long as possible, unless getting a government backed defined benefit pension or an extremely well paid job elsewhere.