WTL Video Today!

[Lincox]

150% return on putting money into Royal Mail Defined Contribution Pension Plan. Invest 6% and the company invest 9%. If the fund is below £10k you can take the lot out I believe any time after 55 and pay 20% tax on 75% of the fund value.

Example Invest 6% of say £400 you pay £24 per week less tax of 20%= £19.20
Company Pays 9% = £36.


Total Invested each week = £60

Fund reaches £10k after 3.2 years. If you are 55 or over withdraw £10k less tax of £1.5k = £8.5K
Total outlay by you is £4k less tax relief £800 = £3.2k
Total outlay by Royal Mail £6k
Been doing it myself for last two years on lower figures as part time and retiring next year. The fund is invested through Zurich Insurance and if you invest in the Cash Fund there is no risk to your outlay. If you want to take a punt then there are different investment funds to put your money into.

[tansorboy]

150% return on putting money into Royal Mail Defined Contribution Pension Plan. Invest 6% and the company invest 9%. If the fund is below £10k you can take the lot out I believe any time after 55 and pay 20% tax on 75% of the fund value.

Example Invest 6% of say £400 you pay £24 per week less tax of 20%= £19.20
Company Pays 9% = £36.


Total Invested each week = £60

Fund reaches £10k after 3.2 years. If you are 55 or over withdraw £10k less tax of £1.5k = £8.5K
Total outlay by you is £4k less tax relief £800 = £3.2k
Total outlay by Royal Mail £6k
Been doing it myself for last two years on lower figures as part time and retiring next year. The fund is invested through Zurich Insurance and if you invest in the Cash Fund there is no risk to your outlay. If you want to take a punt then there are different investment funds to put your money into.

This is what I have done. Gotta be the best way to make money, if you hope to live past retirement age. Dealing in shares (and property) was part of the financial fiasco which almost ended the Western world, wasn't it?

[korky]

Only an idiot would not take up the maximum SAYE you can afford.

this is a good no lose deal,
i've already pugged £5 p/w into it, wish i could commit to more
guaranteed £720 of my own savings, could return a profit or share price may plummet and nearly break even with the interest rates as they are.
don't forget (big) if the share price is steady in 3 years and above £3.60 you can buy and keep and collect the dividends

I know what your saying Korky , but if interest rates start rising over the next 3 years then your money isn't working for you.
Thinking about £6 a week if I go for it !!!!

that's the gamble.
this offers a break even option at worse,
save a small affordable amount then buy shares & make a nice earner after 3 years or a buy shares and keep earning a divi and still sell in time if you feel the shares will drop or take out what you've paid in at no loss no gain.
obviously if you're willing to invest the £25 max then its worth thinking twice, but £5 i currently save with commsave its worth it

[IloveMYredTROLLEY!]

You had WTLL?

We had a few on the spin a couple of months back, think it nearly doubled the grand tally for the last few years!

Worries about lapsing being rejected through lack of time, despite OPGs carrying loops on their shoulders and filtering mail while walking to the next delivery point.

[Spedley]

It does have me slightly worried that it may have an impact Comsave.

[Postie45]

we had WTL regularly while the office was running well, now theres backlogs every day they have knocked WTL on the head.

[Jpro747]

I thought WTLL was compulsary, we normally have to sign a piece of paper to say we had it.

[RobertT]

150% return on putting money into Royal Mail Defined Contribution Pension Plan. Invest 6% and the company invest 9%. If the fund is below £10k you can take the lot out I believe any time after 55 and pay 20% tax on 75% of the fund value.

Example Invest 6% of say £400 you pay £24 per week less tax of 20%= £19.20
Company Pays 9% = £36.


Total Invested each week = £60

Fund reaches £10k after 3.2 years. If you are 55 or over withdraw £10k less tax of £1.5k = £8.5K
Total outlay by you is £4k less tax relief £800 = £3.2k
Total outlay by Royal Mail £6k
Been doing it myself for last two years on lower figures as part time and retiring next year. The fund is invested through Zurich Insurance and if you invest in the Cash Fund there is no risk to your outlay. If you want to take a punt then there are different investment funds to put your money into.

This is what I have done. Gotta be the best way to make money, if you hope to live past retirement age. Dealing in shares (and property) was part of the financial fiasco which almost ended the Western world, wasn't it?

Pensions are a great way to increase your savings with, as you say, the addition of tax relief and employer contributions, although there must be a lot of people across the country who have opted out of workplace pensions over the years and missed out on so much free money.

Pensions that are worth less than £10,000 can now be taken as cash with the first 25% being tax free. But from April 2015 it will be possible to withdraw an amount from the pension each year and pay no tax at all assuming your total income is less than the personal tax allowance.

The financial mess that the world got itself into was caused to a large extent on banks lending money to people who couldn’t pay it back. Personally I’ve made good money from the stock market both before and since the ‘financial meltdown’.

[derricksmyth]

150% return on putting money into Royal Mail Defined Contribution Pension Plan. Invest 6% and the company invest 9%. If the fund is below £10k you can take the lot out I believe any time after 55 and pay 20% tax on 75% of the fund value.

Example Invest 6% of say £400 you pay £24 per week less tax of 20%= £19.20
Company Pays 9% = £36.


Total Invested each week = £60

Fund reaches £10k after 3.2 years. If you are 55 or over withdraw £10k less tax of £1.5k = £8.5K
Total outlay by you is £4k less tax relief £800 = £3.2k
Total outlay by Royal Mail £6k
Been doing it myself for last two years on lower figures as part time and retiring next year. The fund is invested through Zurich Insurance and if you invest in the Cash Fund there is no risk to your outlay. If you want to take a punt then there are different investment funds to put your money into.

This is what I have done. Gotta be the best way to make money, if you hope to live past retirement age. Dealing in shares (and property) was part of the financial fiasco which almost ended the Western world, wasn't it?

Pensions are a great way to increase your savings with, as you say, the addition of tax relief and employer contributions, although there must be a lot of people across the country who have opted out of workplace pensions over the years and missed out on so much free money.

Pensions that are worth less than £10,000 can now be taken as cash with the first 25% being tax free. But from April 2015 it will be possible to withdraw an amount from the pension each year and pay no tax at all assuming your total income is less than the personal tax allowance.

The financial mess that the world got itself into was caused to a large extent on banks lending money to people who couldn’t pay it back. Personally I’ve made good money from the stock market both before and since the ‘financial meltdown’.

Cannot join the defined scheme as an employee prior to 2008 and a member of RMPP. But definitely worth contributing to if you are not already a member. Can only add to pension contribution via AVC route .