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Lump sum booster
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Snurgs
- Posts: 21
- Joined: 08 Mar 2011, 19:23
- Gender: Male
Lump sum booster
Did i read somewhere that you can pay a higher percentage into the lump sum booster ? And do they match it ?
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NWpostie
- Posts: 3601
- Joined: 04 Aug 2007, 17:32
- Gender: Male
- Location: Sector 001 Borg Collective, 6 o f 9
Re: Lump sum booster
Free money ! Take the option.
Six of Nine loves Seven of Nine, together in Electric Dreams.
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SMS1969
- Posts: 983
- Joined: 28 Jun 2021, 11:36
- Gender: Male
Re: Lump sum booster
No, RM will pay 1% in if you do likewise. Still free money though. You can pay a higher percentage of your pay, or stipulate an actual amount of money into an AVC. You can do all of this easily on the app.
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heapsy
- Posts: 2949
- Joined: 02 Jun 2007, 23:40
- Gender: Male
- Location: Drinking with Gangsters
Re: Lump sum booster
Be aware, the AVCs are not guaranteed to be tax free. The scheme already has a lump sum element built in, like section B. Yes, you can still take it as a lump sum, but it doesn't replace the existing one in the scheme.
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Rommagic
- Posts: 1465
- Joined: 10 Sep 2007, 16:52
Re: Lump sum booster
L Sampson saying 14,000 applied for pension booster.
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TheTrolleyMan
- Posts: 776
- Joined: 13 Mar 2017, 15:39
- Gender: Male
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Wullie10
- EX ROYAL MAIL
- Posts: 699
- Joined: 30 Jul 2017, 12:07
- Gender: Male
- Location: Retired
Re: Lump sum booster
Originally applied on the app for the booster. Checking today it say I haven't yet applied. So I followed the instructions to apply for 1% and it just went back to the start. I pressed ok but it didn't work. Now it still saying I haven't applied. All very odd.
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heapsy
- Posts: 2949
- Joined: 02 Jun 2007, 23:40
- Gender: Male
- Location: Drinking with Gangsters
Re: Lump sum booster
Mine worked first time. I've since checked it and it is still set up.
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ihatedogs
- MAIL CENTRES/PROCESSING
- Posts: 546
- Joined: 03 Nov 2010, 18:53
- Gender: Male
Re: Lump sum booster
I've had mine set up for a few weeks & it's been fine. Just checked after reading this & it's now showing as not set up.Tried to re-submit my application & got an error message.
Looks like tech problems so will just keep applying until they fix this.
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david3595
- Posts: 167
- Joined: 23 Apr 2007, 07:40
Re: Lump sum booster
Just checked Lump Sum Booster and AVC’s both now saying not set up. Tried to reset it but getting error message.
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Kaiser_soze
- Posts: 92
- Joined: 01 Oct 2018, 22:22
- Gender: Male
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david3595
- Posts: 167
- Joined: 23 Apr 2007, 07:40
Re: Lump sum booster
just seen the message on the AppKaiser_soze wrote: ↑17 Aug 2024, 08:59Assume everyone has read the Message about the app this weekend so that’ll probably be the issue
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Wullie10
- EX ROYAL MAIL
- Posts: 699
- Joined: 30 Jul 2017, 12:07
- Gender: Male
- Location: Retired
Re: Lump sum booster
Yes the app is down till 19.00 18 August. I'll try again another day.
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david3595
- Posts: 167
- Joined: 23 Apr 2007, 07:40
Re: Lump sum booster
Just signed into the People App to check Annual Leave, getting an error message. Lump Sum Booster and AVC’s are again showing as not set up? Is there another update taking place today, cheers.