How do I find out my UK Rail pension?
You can find this on the 'Membership details' page, under the 'My Pension' section of myRPS or on any correspondence from Railpen about your RPS pension. Please note that telephone calls may be recorded.
How does Network Rail pension work?
Under current Rules, pensions are paid every four weeks into your bank account. You can decide how to make your benefits work best for you. For example, you can choose to convert some of your RPS 65 pension into a lump sum (currently tax-free) when you retire.
When can I claim my railway pension?
If you decide to carry on working you may be able to start claiming your pension at any time from age 55. However this will be reduced if it is claimed before NRA. You could also decide to retire, but then change your mind and return to work at a later date.
How do I claim my railway pension?
You can:
- claim your preserved benefits when you reach your normal retirement age (you can check your normal retirement age by logging into your myRPS account or calling the Helpline on 0800 012 1117.
- claim your benefits early. ...
- postpone taking your benefits when you reach normal retirement age.
Can I take my railway pension at 55?
You may be able to start taking your pension before you reach you NRA. This is known as early retirement and is usually allowed for members aged over 55 (or over 50 years old if you have a Protected Pension Age). Your pension payments are likely to be lower in early retirement than they would be with normal retirement.
How do I find my British Rail pension?
You can find this on the 'Membership details' page, under the 'My Pension' section of myRPS or on any correspondence from Railpen about your RPS pension. Please note that telephone calls may be recorded.