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Pension supplement

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.
tractorboy2
EX ROYAL MAIL
Posts: 539
Joined: 18 Jan 2012, 11:03
Gender: Male

Re: Pension supplement

Post by tractorboy2 »

Do you still get a supplement if you leave between turning 60 and before SPA ?
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension supplement

Post by RobertT »

tractorboy2 wrote:
06 May 2022, 08:59
Do you still get a supplement if you leave between turning 60 and before SPA ?
Yes if you're in section C, but you might have to chase it up.
Links to all RM pension related websites are here
fly-catchers
EX ROYAL MAIL
Posts: 573
Joined: 05 Oct 2008, 16:38
Gender: Male

Re: Pension supplement

Post by fly-catchers »

RobertT wrote:
05 May 2022, 08:28
fly-catchers wrote:
04 May 2022, 21:01
When I enquired the supplement is reduced by 5% per year but them that total is divided by the number of years you will receive it.
So for clarification and based on that formula.
If my NRA60 supplement is £1,000 per year at 60. What would it be at 55?

Thanks.
Based on the formula they did for me when I asked about taking NRA65 five years early your annual supplement would be about £150 a year. But as they still seemed rather vague overall I decided to leave my NRA65 where it was until I actually get to 65! Which now is only 8 months away! How time flies!