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Pension pay rise April 2024

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.
Barrybarry
Posts: 32
Joined: 16 Apr 2023, 08:42
Gender: Male

Pension pay rise April 2024

Post by Barrybarry »

Does anyone know the percentage rise in April? Thanks
Maintaller
Posts: 1
Joined: 20 Sep 2023, 11:51
Gender: Male

Re: Pension pay rise April 2024

Post by Maintaller »

8.5%
Barrybarry
Posts: 32
Joined: 16 Apr 2023, 08:42
Gender: Male

Re: Pension pay rise April 2024

Post by Barrybarry »

Maintaller wrote:
17 Jan 2024, 08:32
8.5%
Thanks
grchpo
Posts: 488
Joined: 16 Mar 2019, 13:59
Gender: Male

Re: Pension pay rise April 2024

Post by grchpo »

Barrybarry wrote:
17 Jan 2024, 09:04
Maintaller wrote:
17 Jan 2024, 08:32
8.5%
Thanks
State pension, 8.5%, not RM pension
max49
EX ROYAL MAIL
Posts: 122
Joined: 31 Dec 2010, 20:58
Gender: Female

Re: Pension pay rise April 2024

Post by max49 »

It depends which pension you are in, I believe section B of the 60pension is CPI which is 6.7% I think the others are a maximum of 5% but someone else may confirm these figures. :hmmmm
Wullie10
EX ROYAL MAIL
Posts: 688
Joined: 30 Jul 2017, 12:07
Gender: Male
Location: Retired

Re: Pension pay rise April 2024

Post by Wullie10 »

I'm in section C . Receive RMSPS and the smaller RMPP . Would both get a pay rise at the same time and would they rise by the same rate in April ?
robking
Posts: 236
Joined: 19 Dec 2020, 12:14
Gender: Male

Re: Pension pay rise April 2024

Post by robking »

See the topic that I started on 20/10/23 entitled 'Next Year's Pension Increases' it was last replied to on 24/10/23.

In a nutshell the increases from 1/4/24 will be 6.7% for Section A/B members and 5% for Section C members as Max has said.