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years needed for full 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.
stevenshm
Posts: 73
Joined: 28 Aug 2007, 13:48

years needed for full pension

Post by stevenshm »

just wondered if anyone knows if there is a maximum amount of years needed to get the maximum/full pension?
if so do stop contributing nearer retirement?
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: years needed for full pension

Post by RobertT »

It used to be that the maximum pension related to 2/3 of your final salary but with rule changes and the final salary scheme closing and being replaced by the career average version and the defined contribution for new starters after April 2008, I'm not sure there is such thing as a maximum pension these days.
But you are not allowed to pay in for more than 45 years or after your 75th birthday, assuming you're in sections A, B or C.

More info can be found by downloading the relevant brochure here:
http://royalmailpensionplan.co.uk/55/rm ... -brochures" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
stevenshm
Posts: 73
Joined: 28 Aug 2007, 13:48

Re: years needed for full pension

Post by stevenshm »

thanks for the reply and the link ill have a read through

thanks
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: years needed for full pension

Post by heapsy »

stevenshm wrote:just wondered if anyone knows if there is a maximum amount of years needed to get the maximum/full pension?
if so do stop contributing nearer retirement?
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