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Ihr amount

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halfull
EX ROYAL MAIL
Posts: 858
Joined: 22 Jan 2011, 13:37
Gender: Male

Ihr amount

Post by halfull »

Hi all, can anyone on here tell me what the kind of figure it would be for a fulltime postie who has got 13 & a half years service leaving on ihr? Ive heard lots of different stories of how they work it out but im sure someone can help on here. Thanks
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patrickstar14
MAIL CENTRES/PROCESSING
Posts: 77
Joined: 04 Jan 2016, 15:49
Gender: Male

Ihr amount

Post by patrickstar14 »

hi,
I believe you get 34 weeks of basic pay plus PILON,which is around 9 weeks on top of that.
You will also get your shares paid back as a lump sum on top as you are seen as a good leaver.
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72675
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Ihr amount

Post by TrueBlueTerrier »

http://www.glosamal.co.uk/Docs/Group_Il ... nt_200.pdf" onclick="window.open(this.href);return false;

The payment is a fixed formula - read the document at the link for full info.

Last 2 pages deal with payment, but I suggest reading all of the document to avoid any surprises.
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72675
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Ihr amount

Post by TrueBlueTerrier »

The shares - you get a choice - cash them in with no Tax and Ni to Pay as a Good Leaver, or they can be transferred to you.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
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halfull
EX ROYAL MAIL
Posts: 858
Joined: 22 Jan 2011, 13:37
Gender: Male

Ihr amount

Post by halfull »

So would i be right thinking around the 17 thousand mark plus shares??
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holly123
EX ROYAL MAIL
Posts: 220
Joined: 24 Jan 2012, 12:45
Gender: Male

Ihr amount

Post by holly123 »

Hi is Wpc or leadership classed as a grade for calculating IHR , thanks
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halfull
EX ROYAL MAIL
Posts: 858
Joined: 22 Jan 2011, 13:37
Gender: Male

Ihr amount

Post by halfull »

holly123 wrote:Hi is Wpc or leadership classed as a grade for calculating IHR , thanks
im not sure, does anybody else have the answer for holly?
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halfull
EX ROYAL MAIL
Posts: 858
Joined: 22 Jan 2011, 13:37
Gender: Male

Ihr amount

Post by halfull »

does anybody know if you get taxed on the money from ihr?
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