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EVR Updates

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
pj2001
EX ROYAL MAIL
Posts: 76
Joined: 27 Jun 2012, 20:37
Gender: Male

Re: EVR Updates

Post by pj2001 »

Whats on offer this time round? Been told there maybe some in my office, is it just up to 104 weeks pay? Nobody seems to know least of all the dom.
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maisymoo04
Posts: 2226
Joined: 07 Apr 2010, 17:11
Gender: Male
Location: You dont want to no

Re: EVR Updates

Post by maisymoo04 »

pj2001 wrote:Whats on offer this time round? Been told there maybe some in my office, is it just up to 104 weeks pay? Nobody seems to know least of all the dom.
Is it true u get taxed on anything over 30 grand :hmmmm heard sumone talking today in the canteen
"Some day I will have the bottle to take the money"
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5plusbonusball
Posts: 1136
Joined: 12 Jan 2012, 20:50
Gender: Male
Location: up north of watford

Re: EVR Updates

Post by 5plusbonusball »

anything over 30k is taxed at 20% i believe , i was offered just over so wouldnt pay that much tax. What i'd like to know is ihr payoff as good as evr payoff?
Why are lino's paid full-time ??
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P13
Posts: 1016
Joined: 11 Oct 2007, 14:35
Gender: Male

Re: EVR Updates

Post by P13 »

5plusbonusball wrote:anything over 30k is taxed at 20% i believe , i was offered just over so wouldnt pay that much tax. What i'd like to know is ihr payoff as good as evr payoff?
IHR payoff is 34 weeks wages plus between 9 and 12 weeks pay in lieu of notice
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5plusbonusball
Posts: 1136
Joined: 12 Jan 2012, 20:50
Gender: Male
Location: up north of watford

Re: EVR Updates

Post by 5plusbonusball »

thanks for that, i know evr is enhanced for the very few lucky ones
Why are lino's paid full-time ??
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baldrick
EX ROYAL MAIL
Posts: 5038
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: EVR Updates

Post by baldrick »

maisymoo04 wrote:
pj2001 wrote:Whats on offer this time round? Been told there maybe some in my office, is it just up to 104 weeks pay? Nobody seems to know least of all the dom.[/quote

Is it true u get taxed on anything over 30 grand :hmmmm heard sumone talking today in the canteen
The MTSF2 terms still apply so it depends on your age and length of service and the maximum VR at 57 with at least 20 years service is 104 weeks. But if you are still in a RM pension scheme you only get your (slightly enhanced) pension with 26 weeks VR.

Yes you get taxed at anything over £30k at 20%, but if you don't earn anything much in the rest of the tax year you should get a tax rebate for some if not most of it. I paid £5k tax, but got a tax rebate of £3.5k when I got a temp Xmas job.
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alanryder
Posts: 4
Joined: 15 Feb 2011, 20:02
Gender: Male

Re: EVR Updates

Post by alanryder »

Thanks mate, been there 20 years and spent the last ten putting in for VR when it came up, always missed out by 1 or 2 places but this time got one of the two available, absolutely made up and am defo gonna just chill for a while and live a normal life :cool
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baldrick
EX ROYAL MAIL
Posts: 5038
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: EVR Updates

Post by baldrick »

Good luck. I took VR last summer and I'm glad I did.

Edit: Make sure you are not in any RM pension scheme including the Government backed one they introduced last year if you want to get the maximum vr payment.
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