What happens now that the plan has closed?

You've stopped saving money into your RMDCP pension pot. Royal Mail have stopped adding money too.

If you’re under 55, you can’t use your money yet. So, subject to Royal Mail continuing to sponsor the Plan, you can leave your money invested in the Plan until you want to start taking it. Or you can transfer the money in your RMDCP pension pot to another scheme – we expect that, at some point, it will be possible for employees who are contributing to the Royal Mail Collective Pension Plan to transfer their RMDCP benefits into that should they wish to do so although this has not been confirmed.

The earliest you can usually start taking your money is when you turn 55, but you don’t have to take it then.

If you’re 55 or over, you can start taking the money in your RMDCP pension pot if you want to. Or, subject to Royal Mail continuing to sponsor the Plan, you can leave it invested in the Plan until you’re ready to take it. You could also transfer the money in your RMDCP pension pot to another pension scheme – we expect that, at some point, it will be possible for employees who are contributing to the Royal Mail Collective Pension Plan to transfer their RMDCP benefits into that should they wish to do so although this has not been confirmed.