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some kind of pension

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
thebigone
Posts: 153
Joined: 29 Apr 2009, 17:13
Gender: Male

some kind of pension

Post by thebigone »

can someone tell me the pension scheme,name of the firm where it covers u from 60 to 65 pay about £5 a week.
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: some kind of pension

Post by arnold cheshire »

thebigone wrote:can someone tell me the pension scheme,name of the firm where it covers u from 60 to 65 pay about £5 a week.
thats a cheap pension
RobertT
EX ROYAL MAIL
Posts: 6690
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: some kind of pension

Post by RobertT »

thebigone wrote:can someone tell me the pension scheme,name of the firm where it covers u from 60 to 65 pay about £5 a week.
There's no such thing! The only way to increase your pension and give yourself a chance of retiring at 60 instead of 65 (if that's what you mean) is to:
a) Take out an AVC through RM.
b) Take out a Personal pension / Stakeholder pension or SIPP via an insurance company such as Aviva, Scottish Widows, etc.
c) Save into an ISA or other investment vehicle.

A payment of £5 per week will give you diddly squat in pension terms even if you started saving from birth.
Links to all RM pension related websites are here