Welcome, you're in Section F

The RMPP lets you build pension savings with help from Royal Mail. This area describes the Cash Balance benefits for members that  joined the RMPP on or after 1 April 2018. There are separate areas for members who joined before 1 April 1987 and for members who joined between 1 April 1987 and 31 March 2018.

You can take up to 25% of your Cash Balance benefits as a tax-free lump sum. Anything over the 25% can be taken as taxable cash or transferred to an annuity or drawdown arrangement.

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What is...?

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An Annuity

You can buy an annuity from a provider using some or all of your pension pot. It pays you an income either for life or for a set period.
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Drawdown

Drawdown lets you to take money from your pension fund whilst it's still invested with your chosen drawdown provider.
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But remember....

For drawdown or an annuity you will need to transfer your benefits to an annuity or drawdown arrangement.

I want to....

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Understand my benefits

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Top up my benefits

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See my options at different ages