Royal mail pension increase 2024/25

According to the Royal Mail's latest pension scheme updates, the pension increase for 2024/25 is as follows:

• For members of the Royal Mail Pension Scheme (RMPS), the pension increase for 2024/25 is 3.25%.
• For members of the Royal Mail Group Personal Pension Scheme (RMPSPS), the pension increase for 2024/25 is 3.25%.
• For members of the Royal Mail Group Stakeholder Pension Scheme (RMPSS), the pension increase for 2024/25 is 3.25%.

These increases are based on the Retail Prices Index (RPI) measure of inflation, which is used to calculate the annual increase in pensions. The RPI figure for September 2023 was 3.25%, which is the basis for the pension increases for 2024/25.

It's worth noting that these increases are subject to change and may be adjusted in future years based on changes in the RPI or other factors.