My retirement options

​Think carefully about the different options ​below and consider getting independent advice ​before making a final decision.

A lump sum

When you retire, you may be able to take a lump sum with your Scheme pension.

You may be able to claim a larger lump sum, currently tax free, by giving up part of your pension (limits apply). More details are in your Member Guide in the 'My library' section of myRPS.

Extra pension for your dependants

A pension will be paid to your eligible dependants when you die, but you may be able to give up part of your pension to provide ​an extra pension for a named dependant.

These payments will continue until your dependant dies. However if your dependant dies before you, you will still only get the reduced pension.

Additional Voluntary Contributions (AVCs)

Check the value of your BRASS and/or AVC Extra fund in myRPS. Refer to your Member Guide in My Library ​for your Section's Rules about taking your AVCs.

Level pension

The level pension option could help even out your income if you decide to give up work before you can start claiming your State Pension.

You draw a higher ​Scheme pension before you claim your State Pension and a lower Scheme pension after reaching State Pension age. This option is subject to eligibility.


Before making any decisions about your future, ​it's a good idea to speak to an independent financial adviser. See for a list of IFAs in your area.

You could also chat to your employer, email or telephone the Helpline on 0800 012 1117. Your Member Guide in myRPS has lots of information about your Scheme benefits and options.