Retirement Age

[postie2007]

How do I word my intention to leave royal mail at aged 60. If I resign its my understanding I would be a bad leaver how ever, i wish to retire. Concerned about pay tax on partnership shares if letter worded incorrectly.

TIA

[fly-catchers]

Resigning at 60 is always considered a good leaver.

[Dorset Plodder]

How do I word my intention to leave royal mail at aged 60. If I resign its my understanding I would be a bad leaver how ever, i wish to retire. Concerned about pay tax on partnership shares if letter worded incorrectly.

TIA

How does the "Bad Leaver" tag effect anything if you're Retiring? I presume it's for References if you're going to be looking for another PT job?

[P13]

How do I word my intention to leave royal mail at aged 60. If I resign its my understanding I would be a bad leaver how ever, i wish to retire. Concerned about pay tax on partnership shares if letter worded incorrectly.

TIA

How does the "Bad Leaver" tag effect anything if you're Retiring? I presume it's for References if you're going to be looking for another PT job?

It affects the partnership shares the op has

[Dorset Plodder]

I remember hearing something about buying shares some time ago. I've just had a quick look at the link. Seems pretty straight forward although it's not something I've considered before.

What's the general feeling about them? Are they worth a go? I could probably just squeeze in the 5 years worth before I retire (Hopefully). I suppose it's more about if your confident linking your money to a company that you work for, I note that you do get some FREE shares.

[RobertT]

How do I word my intention to leave royal mail at aged 60. If I resign its my understanding I would be a bad leaver how ever, i wish to retire. Concerned about pay tax on partnership shares if letter worded incorrectly.
TIA

If you're leaving RM at age 60+ you're deemed to be retiring and therefore a good leaver for the purpose of the shares held in the SIP, which is the free ones and any you've bought via the P&M scheme.

The P&M booklet with all the details can be found here: https://www.myroyalmail.com/PartnershipandMatching

[RobertT]

I remember hearing something about buying shares some time ago. I've just had a quick look at the link. Seems pretty straight forward although it's not something I've considered before.

What's the general feeling about them? Are they worth a go? I could probably just squeeze in the 5 years worth before I retire (Hopefully). I suppose it's more about if your confident linking your money to a company that you work for, I note that you do get some FREE shares.

I don't buy any shares myself via P&M but it does have the potential to be a good scheme, especially if you can buy low and sell high.

You'll have to hold each monthly batch for 5 years to get the full benefit, unless you're a good leaver.

See the link in my post above for more info.

[tractorboy2]

How do I word my intention to leave royal mail at aged 60. If I resign its my understanding I would be a bad leaver how ever, i wish to retire. Concerned about pay tax on partnership shares if letter worded incorrectly.

TIA

Can you not just sell the shares first ?

[priority102]

How can you be a bad leaver if you resign? I thought a bad leaver was a sacked leaver!

Either way I would think you'll be collared for tax on your shares, the five year rule applies regardless doesn't it?

[RobertT]

How can you be a bad leaver if you resign? I thought a bad leaver was a sacked leaver!

Either way I would think you'll be collared for tax on your shares, the five year rule applies regardless doesn't it?

To be a good leaver you have to:

Leave via VR, IHR, be 60+ or be dead.

If any of those 4 things apply, the 5 year rule doesn't come into it.

[rambo1]

I'd sooner be a bad leaver than the last option of a good leaver lol.

[Molly2005]

Been in job 17 years and now aged 62 and half, no way can I carry on till 66 years of age, arthritis in ankles, knackered after every shift and iam on a relatively easy walk, probably look for something else in ext 12 months.

[Mailman300]

Must be a nice easy duty if they can still do it at 70

It’s same duties as people half their age are currently doing. To some of them their only social contacts / friends is their work colleagues and to others for reasons only best known to themselves they don’t want to retire

Very selfish imo depriving a young person a job

Oo, ageist.

[Acca Dacca]

Must be a nice easy duty if they can still do it at 70

It’s same duties as people half their age are currently doing. To some of them their only social contacts / friends is their work colleagues and to others for reasons only best known to themselves they don’t want to retire

Very selfish imo depriving a young person a job

Oo, ageist.

Is a pension ageist too?

[wallop]

I'm lucky to find myself in a position where i've decided to knock it on the head just before my 55th birthday.I honestly don't think i could face another 5 years of this let alone 10.
35 years 6 months and 13 days will do me.