My Future

Financial Future

The RMG pension plan has been through a number of changes over the years, depending on your length of service you may have benefits built up in more than one RMG pension plan. Pensions can be confusing for lots of us and making sense of your pension arrangements and how retirement could affect you, your finances, and the money you will need to ensure a comfortable standard of living can be difficult.

To support you with this, RMG has partnered with WEALTH at Work an independent financial education specialist who will provide more in-depth financial planning guidance via workshops and one to one guidance aimed at helping you to understand your pension status and how to maximise your retirement income.

To register to attend a 'WEALTH at work' workshop you can click here to find a date, time, and location to suit you.

RMG also has dedicated pension helplines that can provide guidance and information regarding your current pension position and outline options that are available for you to consider.

Financial wellbeing services are available through the First Class Support service as well as on MyBundle+, including signposting to StepChange a national debt charity; access to a debt consolidation loan offer through Salary Finance; and discounts and savings on many popular retailers and supermarkets.

  • There is pension information available here including detailed guides on your pension, planning for your future, life events and FAQs.

  • If you are considering retirement in the next few years, you may benefit from attending one of the workshops hosted by WEALTH at work. You can sign up to attend here

  • For any queries regarding taking your pension, voluntary contributions and understanding your pension benefits, you can speak to the following pensions helplines. If you are unsure which scheme you are in, please refer to your pay advice slip or annual statement.

    • Royal Mail Statutory Pension Scheme (RMSPS): 0333 222 0078
    • Royal Mail Pension Plan (RMPP): 0345 604 0043
    • Royal Mail Defined Contribution Pension Scheme (RMDCP): 0800 092 8263

  • The WEALTH at work workshops is focused on providing you with information regarding what retirement could look like, how you can use your finances to support retirement, the state pension and RMG pensions.

  • Attending one of these workshops, should help you to calculate this and have a better understanding of how much money you may need. You can sign up to attend here

  • New employees will automatically join the Royal Mail Defined Contribution Plan (RMDCP) after 3 months. For any queries regarding joining the RMDCP pension scheme, you can speak to Royal Mail Service Team at Scottish Widows on 0800 092 8263

  • Following legislative changes in 2011, there is no longer a default retirement age.

  • If you want to retire from the business, you should initially speak to your line manager and confirm your intention in writing.

  • You can then agree with your line manager a last day of service and they can make the necessary changes to the PSP system.

  • For more specific information regarding your pension and what this means for you, you can speak to the following lines. If you are unsure which scheme you are in, please refer to your pay advice slip or annual statement.

    • Royal Mail Statutory Pension Scheme (RMSPS): 0333 222 0078

    • Royal Mail Pension Plan (RMPP): 0345 604 0043

    • Royal Mail Defined Contribution Pension Scheme (RMDCP): 0800 092 8263

  • There is pension information available here including detailed guides on your pension, planning for your future, life events and FAQs.

  • The Rowland Hill Fund is the charity for postal people that supports colleagues who are facing exceptional circumstances by providing one-off financial grants. Applicants may be facing illness, disability and struggles with mental ill-health. You can contact the Fund via the confidential RHF helpline on 0345 600 4586 or apply online here. An advisor will contact you within 24 hours to discuss your situation and to advise on whether you may be eligible for support.

  • My Bundle+ continues to provide a wide range of retail discounts that can help reduce household bills and the cost of the weekly shop.

  • Through the My Bundle+ Financial Wellbeing section there is access to debt consolidation loans and financial education from Salary Finance.

  • My Bundle+ also provides access to Step Change the UK's leading debt counselling charity, providing expert tailored advice and practical solutions to problem debt. 

What to find out more? Please complete the Advice and Support Call Back form