65 Pension

[Ematt]

Hello there, I,ve just received my paperwork for my RMPP 65 pension ( I,m still with RM and started in March 1987) and was a little surprised to see "none" in three of the 5 options regarding "tax free cash" and "from your cash balance". I have already taken a 40 grand lump sum, plus annual, with my 60 pension. Does this mean I will not be getting more lump sums from my 65 pension ?

Cheers

[tractorboy2]

I recently had mine and chose option 1a , if you want more lump sum chose one of the other options but bare in mind the whole of your cash balance will be taxed , which is why it says none. The cash balance is there to fund the tax free element , and leave you with more pension.
I was in Section C though. It's possible you may be in section B if you started in '87.

[RobertT]

Hello there, I,ve just received my paperwork for my RMPP 65 pension ( I,m still with RM and started in March 1987) and was a little surprised to see "none" in three of the 5 options regarding "tax free cash" and "from your cash balance". I have already taken a 40 grand lump sum, plus annual, with my 60 pension. Does this mean I will not be getting more lump sums from my 65 pension ?

Cheers

It sounds like you scraped into section A/B.
Anyone joining from April 1987 would be section C, until that closed to new entrants in 2008.

As a section C'er myself I'm not as informed on A/B, but as you have a standard lump sum that means you have more options. Such as increase it in return for a lower pension, or vice versa.

If you tell us what your 5 options actually are, or perhaps upload a photo, we can tell you what each one means and how they relate to your Cash Balance.