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Royal mail pension plan

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.
oliel
Posts: 6
Joined: 28 Sep 2025, 17:12
Gender: Male

Royal mail pension plan

Post by oliel »

Hi i recently left royal mail and got sent a letter from Royal Mail Pension Plan giving me an illustration of my pension. It s a regular income figure aged 65 benefit of £2352 per year and pension supplement of £471, then it shows Defined benefit cash balance scheme of £32k I keyed this into AI as I was trying to explore retirement options.

\AI has told me that the defined benefit cash scheme (known as cash balance) of £32k can be taken tax free is that correct?

Thanks they have made these pension sooo confusing.
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