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Pension paid quarterly.

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.
Wullie10
EX ROYAL MAIL
Posts: 681
Joined: 30 Jul 2017, 12:07
Gender: Male
Location: Retired

Pension paid quarterly.

Post by Wullie10 »

There's the option to take your pension paid monthly or quarterly, every 3 months. I am just curious why anyone would want it paid every quarter. What would be any advantages ? It seems odd that this option is available. I can't imagine there are many takers.
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baldrick
EX ROYAL MAIL
Posts: 5034
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: Pension paid quarterly.

Post by baldrick »

I can't think of any advantages. I certainly wouldn't do that.
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RobertT
EX ROYAL MAIL
Posts: 6588
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension paid quarterly.

Post by RobertT »

DB pensions often give the choice of payments being monthly or quarterly. Mainly because it's cheaper for them in terms of admin and banking charges, etc.

Monthly is usually in arrears, while quarterly can be in advance(depending on the scheme).
But I don't think any of the RMSPS or RMPP documentation actually says which applies if you choose 4 payments a year instead of 12. :hmmmm

There may be some who prefer quarterly.
Perhaps you could earn a bit of interest on it? :cool
Links to all RM pension related websites are here
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NorthernBoy
EX ROYAL MAIL
Posts: 384
Joined: 27 Sep 2010, 21:08
Gender: Male

Re: Pension paid quarterly.

Post by NorthernBoy »

Wullie10 wrote: ↑
20 Apr 2026, 04:51
 There's the option to take your pension paid monthly or quarterly, every 3 months. I am just curious why anyone would want it paid every quarter. What would be any advantages ? It seems odd that this option is available. I can't imagine there are many takers.
Yes, I don’t think many people would take it every quarter. Maybe if you had a really small pension you might want it every 3 months to make it seem more worthwhile. I can’t see any advantages.
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FAB
Posts: 234
Joined: 06 May 2017, 22:57
Gender: Male

Re: Pension paid quarterly.

Post by FAB »

NorthernBoy wrote: ↑
20 Apr 2026, 20:44
Wullie10 wrote: ↑
20 Apr 2026, 04:51
 There's the option to take your pension paid monthly or quarterly, every 3 months. I am just curious why anyone would want it paid every quarter. What would be any advantages ? It seems odd that this option is available. I can't imagine there are many takers.
Yes, I don’t think many people would take it every quarter. Maybe if you had a really small pension you might want it every 3 months to make it seem more worthwhile. I can’t see any advantages.
That was exactly why an ex postie on a round I did took his pension quarterly as it was so small. But it gave the impression of getting a reasonable amount. Still thought that was an odd approach. I would want any money as soon as possible!
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barcajr
Posts: 168
Joined: 12 Oct 2009, 01:04
Gender: Male

Re: Pension paid quarterly.

Post by barcajr »

I take mine quarterly, as am still working, a lump sump sum every 3 months is easier to save
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