Hi guys,
Been with RM coming up 6 months now and no problem with pay so far... however my current payslip has just come through and I’ve been deducted £14.38 for “PSE Adj RMDCP MIN”.
Anyone got any idea what this is?
I’m on 27.5 hours per week.
Thanks!
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
Payslip Deduction?
-
leolion855
- Posts: 641
- Joined: 11 Jun 2018, 17:41
- Gender: Male
Payslip Deduction?
pension. youve done some ot that qualifies.
-
J_FD
- Posts: 26
- Joined: 28 Nov 2018, 10:27
- Gender: Male
Payslip Deduction?
Ah that explains it, thanks mate!leolion855 wrote:pension. youve done some ot that qualifies.
-
rogersh
- MAIL CENTRES/PROCESSING
- Posts: 1374
- Joined: 26 Oct 2011, 11:31
- Gender: Male
Payslip Deduction?
The pension deduction is a % from your BASIC pay: PSE is Pension Salary Exchange which means you pay less National Insurance.
The DC website - https://rmdcp.uk/home" onclick="window.open(this.href);return false; - explains;
We'll write to you when you’re eligible to join the Royal Mail Defined Contribution Plan (RMDCP). You don’t need to do anything. You’ll automatically start saving 5% into your pension pot, and Royal Mail will automatically start paying in 3%.
After you’ve worked for Royal Mail for 12 months, you will automatically start saving 6%, Royal Mail will add 10%. You can choose to save less. If you do, Royal Mail will add less too.
The DC website - https://rmdcp.uk/home" onclick="window.open(this.href);return false; - explains;
We'll write to you when you’re eligible to join the Royal Mail Defined Contribution Plan (RMDCP). You don’t need to do anything. You’ll automatically start saving 5% into your pension pot, and Royal Mail will automatically start paying in 3%.
After you’ve worked for Royal Mail for 12 months, you will automatically start saving 6%, Royal Mail will add 10%. You can choose to save less. If you do, Royal Mail will add less too.