Are you saving enough?

How much you get out of the IWDC pension, depends on:

Graphic showing what you get when you retire is based on how much is paid in, how well your investments have done, when you retire and how you decide to use your PRA

You can work out how much you’re likely to have by logging in to your myRPS account and getting an estimate or using the retirement modeller tool.

Then, think carefully about how much you'll need when you retire. ​You'll still have bills to pay, maybe a car to run, and holidays, hobbies and socialising to think about.
Check out our  saving for retirement page for more information and to see what level of income you might need when you retire.

​Saving more with AVCs

You can boost your pension savings by paying Additional Voluntary Contributions (AVCs). Speak to your employer about applying to pay AVCs.

They will be taken from your pay before tax, just like your normal contributions. You may also be able to pay AVCs through salary sacrifice if your employer offers this option.

How AVCs work

 You decide:

  • how much extra you want to contribute (check for details on limits)
  • how you invest your contributions
  • when you start and stop making contributions


You might like to consider AVCs if you:

  • have earnings which don’t count towards your IWDC pension, such as bonuses or overtime
  • are thinking about taking your benefits early (if you are eligible), or
  • you simply want to save a bit more towards your future.

Important: You have to take your AVC benefits at the same time as your normal IWDC benefits.

Are AVCs right for you?

It is strongly recommended that you speak to an independent financial adviser (IFA) before making any decisions about your financial future. You can find a list of IFAs in your area at