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Salary sacrifice info and how to do it

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BroraPostie
Posts: 2
Joined: 06 Mar 2022, 09:40
Gender: Male

Salary sacrifice info and how to do it

Post by BroraPostie »

I recently received my contract through RM previously working on agency . My whole experience has been rushed and have been given little to no info about the benefits involved . I have figured put a wee bit myself but would like to know how to go about using my salary sacrifice I can view my balance but no idea how to use it there is little to no info for me through the app . TiA
RobertT
EX ROYAL MAIL
Posts: 6412
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Salary sacrifice info and how to do it

Post by RobertT »

There are 3 ways RM employees can benefit from salary sacrifice:

1. By paying into a pension. New starters will automatically be enrolled after 3 months. But I think you can ask to join earlier. You're eligible to join the RMDCP: https://www.scottishwidows.co.uk/save/royalmaildcplan/

2. Purchase something via My Bundle. Personally I've never really looked at it, but I think you need to be employed for 12 months before you're eligible. https://www.myroyalmail.com/benefits

3. Purchase RM shares at a discounted rate & get some free ones too. Eligibility is 12 months service. https://www.myroyalmail.com/PartnershipandMatching
Links to all RM pension related websites are here
koolishy67
Posts: 665
Joined: 04 Nov 2010, 21:02
Gender: Male

Re: Salary sacrifice info and how to do it

Post by koolishy67 »

My bundle is really good I use for my weekly shopping fr Morrison Asda Tesco 4-5% off saved nearly £200 a year