PSE annual window

Pension Salary Exchange (PSE) allows eligible employees to make a saving on their National Insurance contributions by changing the way they make contributions to their pension.

If you have previously opted out of PSE and now want to opt back in, you can do so at any time.

Alternatively, if you are taking part in PSE but would now like to opt out, the annual opt-out window is open from today, 25 June, until 20 July 2018.

Requesting PSE forms

If you would like either an ‘opt in to PSE’, or ‘opt out of PSE’ form, please contact Royal Mail HR Services by calling 0345 60 60 603 (Monday to Friday, 8.30am to 5pm, excluding bank holidays) or by emailing advicecentrePAY@royalmail.com. 

If you want to opt out, your opt-out form must be filled in, signed, dated and returned by the deadline of 20 July 2018.

What is PSE?

PSE was introduced three years ago and almost all eligible employees participate in it. It allows you to make a saving on your National Insurance contributions, by changing the way you make contributions to your pension. As a result, you should receive an increase in your take home pay.

For more information about PSE, click here.

Please note that the changes made to the Royal Mail Pension Plan from 1 April 2018 do not affect PSE or your National Insurance contributions.

Legal note: Royal Mail has the right to withdraw, suspend or amend PSE at any time.