Buydown

Puppetmaster · Post by **Puppetmaster** » 31 Jul 2009, 15:18

How can i access old information on this site about the buydown formula used by RM

Post by **TrueBlueTerrier** » 31 Jul 2009, 15:30

Puppetmaster wrote:How can i access old information on this site about the buydown formula used by RM

I have an old copy of the ready reckoner from 2007 but can't find it at the moment - will try and upload a copy over the weekend.

Puppetmaster · Post by **Puppetmaster** » 31 Jul 2009, 16:26

Thanks mate for that.

Spedley · Post by **Spedley** » 31 Jul 2009, 20:58

That is quite an interesting formula, basically they offer you between 6 months and 2 years of the lost average pensioanable pay depending on how many years service you have and your age over 40.

Strangely it can also based on the proportion of hours you lose, i.e going from 40 to 20 hours may get you the same money as from 20 to 10 hours. This means you are probably better off doing two buydowns than one, i.e. 40 to 30 hours and then next year 30 to 20 hours gets you more money 40 to 20 hours.

Puppetmaster · Post by **Puppetmaster** » 01 Aug 2009, 16:01

Whilst the figure RM will give you looks ok ,I AM GUESSING THE TAX MAN will require his share straight away at normal terms.Please tell me I am wrong.

shimmyrule · Post by **shimmyrule** » 01 Aug 2009, 17:37

im sure first 30000 is tax free.

dogfood · Post by **dogfood** » 04 Aug 2009, 23:06

Is there any information on the procedures and practices for the offering and take up of Buying Down Hours?
Any information or formula for working out the maths would be helpful.

Thanks

Post by **TrueBlueTerrier** » 05 Aug 2009, 13:17

answer already in the forum I am moving this into.

Also check the Buy Down Scam thread as well. http://www.royalmailchat.co.uk/communit ... 18&t=17732" onclick="window.open(this.href);return false;

ROYALMAILCHAT

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