RMPP pension Statement

[Paulo1963]

I’m 63 and medically retired. I’ve received this RMPP statement. I’m totally dense but does this mean at 65 I will receive £3005.96p each year and a tax free lump sum of £34,524.66p?
Thanks.

[flimflamman]

No,you only get the pension supplement until your normal retirement age, as for the cash balance you will get 25% tax free and pay tax on the remaining 75%

[RobertT]

I’m 63 and medically retired. I’ve received this RMPP statement. I’m totally dense but does this mean at 65 I will receive £3005.96p each year and a tax free lump sum of £34,524.66p?
Thanks.

You will only get the supplement until you reach state pension age.

As you've now left, you will be entitled to the Age60 supplement, also until state pension age.
Most of that will be via RMSPS, but you may also have a small amount via RMPP. It probably won't be paid automatically, so it's best to contact both and tell them you no longer work for RM.

You will have 3 options when taking your Age65.
Two of them involve taking 25% of the Cash Balance tax free, but you should be able to take more than that with the 3rd.
There's a very recent thread on the pensions board that covers it: viewtopic.php?f=27&t=119165