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How to check how much is in my pension pot

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
Redvannon
Posts: 59
Joined: 27 Nov 2017, 20:09
Gender: Male

How to check how much is in my pension pot

Post by Redvannon »

Hi all, basically as the title says. Is there a way to check online how much is in my pension pot? Or indeed what the predicted amount will be when I retire? I'm sure I once got a letter saying what it was worth but now I just get general booklets from them.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: How to check how much is in my pension pot

Post by RobertT »

Which RM pension scheme are you in?
If you don't know, it'll say on your wage slip.

If you have NRA60/65 benefits you'll be in the RMSPS/RMPP and will have what's known as a defined benefit pension. That is based on your wages and length of service.
You don't have a pot as such for benefits accrued up to 2018, but you will have built up a cash amount via the DBCBS from 2018 onwards.

You should receive annual statements from both RMSPS and RMPP and they will tell you your estimated pension amounts.

However if you're in the RMDCP via Scottish Widows(formerly Zurich) you will have a pot of money with your name on it.
Again you should receive an annual statement from them with a current pot value and an estimate of the income that could provide.
You can also login to your SW account at any time to find out an up to date valuation.

For a full list of RM pension websites that will provide lots of info see here: viewtopic.php?f=27&t=22318
Links to all RM pension related websites are here
Redvannon
Posts: 59
Joined: 27 Nov 2017, 20:09
Gender: Male

Re: How to check how much is in my pension pot

Post by Redvannon »

Ahhh thanks RobertT!