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Pension query

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.
RobertT
EX ROYAL MAIL
Posts: 6622
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension query

Post by RobertT »

Walter sobchak wrote: ↑
26 Oct 2025, 11:27
 Which set of figures is the capita pension plan?
Capita are the administrators of the RMSPS.
Links to all RM pension related websites are here
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Walter sobchak
Posts: 479
Joined: 13 Feb 2014, 04:46
Gender: Male

Re: Pension query

Post by Walter sobchak »

RobertT wrote: ↑
26 Oct 2025, 12:26
Walter sobchak wrote: ↑
26 Oct 2025, 11:27
 Which set of figures is the capita pension plan?
Capita are the administrators of the RMSPS.
This one?
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RobertT
EX ROYAL MAIL
Posts: 6622
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension query

Post by RobertT »

Walter sobchak wrote: ↑
26 Oct 2025, 13:34
 This one?
Yes.
Links to all RM pension related websites are here
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Walter sobchak
Posts: 479
Joined: 13 Feb 2014, 04:46
Gender: Male

Re: Pension query

Post by Walter sobchak »

RobertT wrote: ↑
26 Oct 2025, 16:38
Walter sobchak wrote: ↑
26 Oct 2025, 13:34
 This one?
Yes.
Ok, thanks. I think I’m starting to understand finally. lol!!

So if I was to retire at 60 I’d get an annual pension of £1,931.69

And at 65 I’d get £1,931.69 + £1,062.75 ?

I’m also guessing that there’s no lump sum with this?
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clashcityrocker
Posts: 16425
Joined: 22 Sep 2009, 13:50
Gender: Male
Location: strummerville

Re: Pension query

Post by clashcityrocker »

Walter sobchak wrote: ↑
27 Oct 2025, 05:18
Ok, thanks. I think I’m starting to understand finally. lol!!

So if I was to retire at 60 I’d get an annual pension of £1,931.69

And at 65 I’d get £1,931.69 + £1,062.75 ?

I’m also guessing that there’s no lump sum with this?
To calculate your lump sum you take your annual pension and multiply by 20.
(That is how long they think you will live I think)

To simplify your maths.
A £2000/year pension gives you a total pot of £40 000.

25% of this can be taken tax free. = 10 000.

This now leaves a pot of £30 000 which divided by 20 gives you an annual income of £1500.

Things might change. Chancellor's change.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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Walter sobchak
Posts: 479
Joined: 13 Feb 2014, 04:46
Gender: Male

Re: Pension query

Post by Walter sobchak »

clashcityrocker wrote: ↑
27 Oct 2025, 07:21
Walter sobchak wrote: ↑
27 Oct 2025, 05:18
Ok, thanks. I think I’m starting to understand finally. lol!!

So if I was to retire at 60 I’d get an annual pension of £1,931.69

And at 65 I’d get £1,931.69 + £1,062.75 ?

I’m also guessing that there’s no lump sum with this?
To calculate your lump sum you take your annual pension and multiply by 20.
(That is how long they think you will live I think)

To simplify your maths.
A £2000/year pension gives you a total pot of £40 000.

25% of this can be taken tax free. = 10 000.

This now leaves a pot of £30 000 which divided by 20 gives you an annual income of £1500.

Things might change. Chancellor's change.

Is that projected lump sum just from the capita pension or from both the capita and RMPP pensions combined?

Also was it for age 60 or 65?
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rogersh
MAIL CENTRES/PROCESSING
Posts: 1373
Joined: 26 Oct 2011, 11:31
Gender: Male

Re: Pension query

Post by rogersh »

viewtopic.php?f=27&t=117402&start=1

In this link Robert T clarifies the pension options at age 65 in his response to me.
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