Not received pension increase today

[arsenalbob]

I got my pension today and there appears to be no increase from last year. It’s the RMSPS part of the pension handled by Capita. It usually increases in April but I’ve had no letter saying what the increase is. Anyone in the same boat?

[theargyspy]

just checked, mines gone up around £7 so think that's about right for the % increase I was expecting

[arsenalbob]

I’m actually 2 quid down on last month. I expect I might be paying more tax but with no payslip I’m not sure what’s going on.

[RobertT]

Have you got a personal tax account?
You can login in a check things online instead of relying on getting things through the post.

https://www.gov.uk/personal-tax-account

[tmac]

Received mine today with both pensions I’m £9.99 a month better off.

[arsenalbob]

Have you got a personal tax account?
You can login in a check things online instead of relying on getting things through the post.

https://www.gov.uk/personal-tax-account

Yes I think I’ve sussed it now. Any increase in the firm’s pension has been swallowed by the extra tax that needs to be paid on the state pension increase. I’ve just compared my tax codes for last year and this. It’s a shame we don’t get a pension payslip. I’ve not even received a letter from Capita explaining their part of this years increase. Thanks

[Wullie10]

I got no letter but a rise of £14. Did Simple maths and it was below 2.7% we were supposed to get. A fellow worker didn't receive any increase.

[drokk54]

Hi folks - How much in percentage terms should my pension increase be?

I took medical retirement from RM, and took my full pension from 55.

Last April I was told I didnt get the full pension increase due to "pro rata", I hadn't been paid my pension for a full year at the point of the increase in April. Only took pension from the previious September.

I get a monthly slip from RM since a phone call last year when they put me down for a monthly one instead of a anual april one, but not from the Captta part, I don't pay tax on my pension so nothing is swallowed up.

I was under the impression you only get a statement from Capita when there's an increase in April, I got a letter from the RM side (no detailed info) but nothing at all from Capita, no letter, statement, nothing - yet!

My other half (not RM) gets a pension increase in segments, part of which is a GMP increase. This makes her pension increase double mine, despite her pension being only 20% more than mine.

No such thing with RM pension? Do we just get the flat rate of inflation at 2.something percent and that's that?

They probably calculate it when it's super low too!

[SeanMc]

1.7% A/B 2.7% C

[hatter68]

I phoned capita couple of weeks ago about pension increase letter and was told they were being sent out on 23 April. Haven’t received mine yet.

[drokk54]

They should be called Crapita.

[drokk54]

1.7% A/B 2.7% C

As low as they could get away with then. The 1.7 is stingy.

[RobertT]

1.7% A/B 2.7% C

As low as they could get away with then. The 1.7 is stingy.

It's the rate of inflation the previous September, which is fairly standard for most pension schemes.
Some years you'll benefit from a high rate, other years you might not.

[Para1961]

You can go online and look at payslips and communications that have been sent, its all there.


You will need to register by contacting Capita,


Or call us on: 0333 222 0078
Or email us at: enquiries@rmsps.co.uk


https://members.royalmailsps.co.uk/hopl ... epgui.html

[arsenalbob]

I phoned capita couple of weeks ago about pension increase letter and was told they were being sent out on 23 April. Haven’t received mine yet.

A week into May and still nothing from Capita