My birthday is in November and started receiving my age60 benefits in 2021. When the increase was added the following April , I didn't receive the full amount because of this.
My age65 benefits are due this November , so will I again not receive the full increase the following April ?
I guess you don't get 4 separate payments so if the above is true how do they split it ?
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Do you get done twice?
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tractorboy2
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RobertT
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Re: Do you get done twice?
Presumably your first Age60 annual increase in 2022 would have been about a third of the full percentage, due to you only receiving it for around 4 months?
As far as I know, the same will apply to your first Age65 increase in 2027.
You won't get separate Age60 and Age65 payments, so I assume they will know how much of your total monthly pension relates to each part, and apply the annual increases accordingly.
You may also receive a 'pension payslip' with more info.
As far as I know, the same will apply to your first Age65 increase in 2027.
You won't get separate Age60 and Age65 payments, so I assume they will know how much of your total monthly pension relates to each part, and apply the annual increases accordingly.
You may also receive a 'pension payslip' with more info.
Links to all RM pension related websites are here
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tractorboy2
- EX ROYAL MAIL
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- Gender: Male
Re: Do you get done twice?
Thanks Robert