New Scottish widows login

[RobertT]

So what EXACTLY do you not understand about the following:

If you’ve been a member of the Collective Plan for 3 months to 1 year when you leave the Collective Plan you’ll have the option to:

• get a refund of the payments you’ve made towards the Collective Plan, including any booster or Additional Voluntary Contributions (AVCs) you’ve made (this will be done through Payroll if you were using Pension Salary Exchange (PSE) to pay into the Collective Plan)

• transfer the full value, including any booster or Additional Voluntary Contributions (AVCs) you’ve made (plus Royal Mail’s payments) to another registered pension scheme

[Dexydog]

I just amended my last post before this one.
I'll come out of it.
Thank-you.

[RobertT]

Or you could set up a SIPP with £100, take advantage of RM's contributions and transfer.

A full timer paying in for 6 months is likely to make the best part of £2k out of it.

It's extra hassle I'll give you that, but it depends how much value you put on that hassle I suppose.

[Dexydog]

Tbh I have other things going on, and is one of the reasons I'm leaving.
And also the reason I'm being such an arse over this issue, for which I apologise.
My distrust of employers, governments and financial institutions runs deep.
I appreciate as always your input in here
I still maintain it's been poorly communicated.

[yellowbelly]

Page 48 does tell me 3-12 months gives a refund via payroll. (and therefore no tax advantage either).
So there's no point in me paying anything as far as I can see.
Apologies I had that many downloads it was hard to see which one was which.

From your posting history Dexy, I think you were working for RM before 7 Oct 24, so p48 doesn't apply to you, if correct p47 applies to you (which I put up before but you may have missed it - it is a minefield!).

If you were working for Royal Mail on 7 October 2024

You’ll become a ‘deferred’ member of the Collective Plan.

You can’t have a refund of your payments, or Royal Mail’s,
but you’ll have other options instead.
You can:
• leave your income for life and lump sum in the
Collective Plan until you decide to get them or
transfer out
• get your income for life and lump sum if you’re over
55 (or 57 from 2028) although you might be able to
get these benefits earlier if you are in ill-health
(see page 58 - 59)
• transfer your value out – see the next section
“transferring out of the Collective Plan” on page 50
for more information

Best wishes for the future.

[Dexydog]

[RobertT]

[Dexydog]

I'll just come out anyway.
If I don't get the little paid so far back then so be it.
Final, final question- if I come out of RMCPP do I auto get enrolled in NEST, which I would in turn have to come out of?
I remember seeing somewhere forms for these- I'm assuming you can't opt out if nest before coming out of the RM one.
Headsa spinning.

[yellowbelly]

I'll just come out anyway.
If I don't get the little paid so far back then so be it.
Final, final question- if I come out of RMCPP do I auto get enrolled in NEST, which I would in turn have to come out of?
I remember seeing somewhere forms for these- I'm assuming you can't opt out if nest before coming out of the RM one.
Headsa spinning.

This may answer your question (or confuse you even more!), it's from the FAQ's:

How long will I be in NEST?
Most current employees may never join NEST as they have been automatically enrolled into the Collective
Pension Plan either at the launch of the scheme or when they hit their 12 months' service milestone.

People who have over 12 months' service but choose to elect not to join/opt out of the Collective Pension Plan
and join NEST will remain in the NEST scheme until they either leave the business, take their NEST benefits or
choose to opt out of NEST (and if possible they may re-join the Collective Plan).

New starters will spend up to 12 months in NEST at which point they will move across to the Collective Plan
(unless they elect not to join/opt out of the Collective Plan and remain in NEST).

What is the eligibility criteria for auto-enrolment into NEST?

If you are not contributing to the Collective Pension Plan or NEST but are still working (even if you
have taken scheme benefits) then under the Government’s auto-enrolment legislation, Royal Mail is obliged to
periodically assess your eligibility for auto-enrolment into NEST. You will be enrolled when you meet the
following criteria:
• You are aged between 22 and State Pension Age
• You have at least 3 months’ continuous service
• Your weekly pay is at least £192 or your monthly pay is at least £833 (2022/23 figures)
If you've already been auto-enrolled and have opted out, you may be enrolled again at Royal Mail's three year
re-enrolment date.

[Dexydog]

I've emailed HR via the link on the collective plan website.
I've asked for the form to opt out of that plan, and also for NEST if appropriate.
I've also cancelled AVC's and booster via the app.

[ihatedogs]

Got into the AVC site ok (that's the letter I received a login and temp password for).

Not sure how/when we're supposed to be able to login to the main part of the pension.

With the RMDCP I could see my main part of the pension and the AVC investments under the one login.
The letter I received specifically states this login is for the AVC part of the collective plan.

Can I ask when you got in did you change your password & update all your details? I've got to the very end of doing this twice, but when I have to read the terms & conditions I can't get back to click accept, it just takes me back to log in page & repeats itself.