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Pension 21 years of the NRA60 pension at 55 years old

13 May 2019, 17:11

Just out of curiosity how much of a lump sum would I get for 21 years of the nra60 pension at 55 years old ?

Pension

13 May 2019, 17:29

I would post your question in the news forum section - Royal Mail Pension. Robert T is usually helpful in all pension matters.

Pension

13 May 2019, 17:30

OK thanks

Pension

13 May 2019, 19:00

nelly21 wrote:Just out of curiosity how much lump sum would I get for 21 years of nra60 pension taken at 55 years old ?

Max tax free would be 25% of your total pension pot. Taking it 5 yrs early, you would have it reduced by 25% of what it would be if you left (defered) it till you were 60. What the actual sum would be, I couldn't say. Is it 21 yrs full time equivalent?

Pension

13 May 2019, 19:06

I transferred my other pension to royal mail they gave me 13 years worth plus 8 years in royal mail pension to 2008 full time contract

Pension

13 May 2019, 19:15

nelly21 wrote:Just out of curiosity how much of a lump sum would I get for 21 years of the nra60 pension at 55 years old ?


Have you got 21 years in the NRA60 or 21 years service?

Going off the figures some of our lads got recently I would think someone at 60 now with 21 years in the NRA60 would be looking at somewhere around 30-35k lump and c350 a month pension. This is just a guess. Contact the pension number on the back of your payslip and they will send out the forms to get a forecast. Obviously if you take it at 55 you will probably get 25% less than that (But you get it for 5 years longer)

Pension

13 May 2019, 19:50

Thanks

Pension

13 May 2019, 21:58

30-35k lump sum & 18k annually, that's not what my estimate says for 21 years

Pension

13 May 2019, 22:12

grchpo wrote:30-35k lump sum & 18k annually, that's not what my estimate says for 21 years


£350 a month not week

Pension

14 May 2019, 02:21

I've got 8 years nra60 pension plus I put a pension I had elsewhere into royal mail pension in 2001 they gave me 13 years worth of pension for that.I've been in the pension since 2000 and I have almost 20 years service and still work for royal mail

Pension

14 May 2019, 06:54

Oops, sorry my mistake re £350 per month. Now thats more like my estimate

Pension 21 years of the NRA60 pension at 55 years old

14 May 2019, 15:36

Thanks

Pension 21 years of the NRA60 pension at 55 years old

14 May 2019, 19:12

£350 a month is not a lot.

Pension 21 years of the NRA60 pension at 55 years old

16 May 2019, 17:13

NWpostie wrote:£350 a month is not a lot.

Plus your state pension and lump sum

Pension 21 years of the NRA60 pension at 55 years old

17 May 2019, 09:04

NWpostie wrote:£350 a month is not a lot.


It is if you've been working part time and earning something similar. Everyone's needs are different.

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