Blog

A deep-dive into a variety of pension topics to help you understand and learn more about your pension and the Scheme.

Read our blog for further pension insights

Our blogs will give you information, tips, insights and guidance to help you get to know your pension and support you on your journey to retirement. 

A notepad with a picture of a pencil and the word blog written on the front.
11/8/2023
Author: Editorial
<p>In sport, if you train well you’re more likely to succeed on match day. It’s the same with your retirement. The more preparation you do, the more likely you’ll be able to enjoy the life you hope for when you stop work. </p> <p>So what are you waiting for? These 10-minute tasks will help you manage your pension during half-time.<br> <br> </p> <h3><strong>Register for your personal myRPS account</strong></h3> <p>Get a head start on planning for your future with your myRPS account. If you haven’t already,&nbsp;<a href="https://member.railwayspensions.co.uk/register">register for a myRPS account</a>&nbsp;to make the most of your membership. &nbsp;Over 100,000 of our members are already registered online, you don’t want to miss out! </p> <p>With an online account you can:</p> <ul> <li>Use our tools and modellers to plan ahead for life after work and picture your retirement goal</li> <li>Make a nomination to tell us where you’d like any cash payment to go if you die before you take your pension</li> <li>Make Additional Voluntary Contributions (AVCs)</li> <li>Check or <a href="https://member.railwayspensions.co.uk/defined-benefit-members/saving-more-BRASS-AVC-Extra/how-investments-work">change any funds you invest in</a> if you pay in AVCs, or if you’re a member of the Industry-Wide Defined Contribution Section </li> <li>Find your Member Guide, which explains the fantastic benefits of your Scheme membership and how it works in more detail</li> </ul> <p>… and plenty more to help you stay ahead of the game.<br> <br> </p> <h3><strong>Find helpful guides and information on your member website</strong></h3> <p>Your member website is packed with information to help you stay on the ball with your retirement planning. </p> <p>We’ve recently improved your website and given it a fresh new look. It’s now quicker and easier than ever to find the information you’re looking for online. </p> <p>On your website there’s valuable guidance to help you understand how and when to take your pension, including:</p> <ul> <li>How much you’ll need for retirement</li> <li>How to save more</li> <li>When to retire</li> <li>Ways to take your pension</li> <li>How to apply for your pension</li> </ul> <p>There’s also handy guides on pension topics to help you give planning for life after work your best shot.<br> <br> </p> <h3><strong>Check out our new YouTube channel</strong></h3> <p>On <a href="https://www.youtube.com/@railwayspensionscheme/videos" target="_blank">our YouTube channel</a>&nbsp;you’ll find a range of informative videos to help you get to grips with your pension, all in one place.</p> <p>Our videos break down complex pension topics into bite-size chunks to make them easy to tackle. All are around 5 minutes long, so if half-time lasts 15 minutes, you could watch 3 videos and have time to grab a coffee before the game restarts. </p> <p>We have videos on over 20 pension-related topics. You’ll also find playlists on:</p> <ul> <li>How to use the RPS website</li> <li>Planning for retirement </li> <li>Saving more for life after work</li> <li>Tax and how it might affect your pension</li> <li>New joiners </li> </ul> <p>As with your myRPS account, you can access our YouTube channel wherever and whenever you need to. </p> <p>If you don’t have time to watch the entire playlist at once, you can pause, play and replay the videos at your leisure. So you don’t need to worry about missing the match!<br> <br> </p> <h3><strong>Got a question about your pension? Ask our Virtual Assistant</strong></h3> <p>If you’re on-the-go and need information quickly, don’t sweat it! Ask our Virtual Assistant. It’s a quick way to get answers to general pension questions. </p> <p>The Virtual Assistant is available 24/7, and you don’t need to log in to myRPS to use it. You’ll find it in the bottom right hand corner of your screen whenever you visit your website.</p> <p>The Virtual Assistant won’t have access to your personal pension details, but it will direct you to where you can find what you’re looking for. If you need information on your personal pension details, <a href="https://member.railwayspensions.co.uk/login">log into your myRPS account</a>.</p> <p>Just 10 minutes, that’s all it takes to keep up with your retirement planning. Try it for yourself. The ball’s in your court! </p>
Blog

Don’t drop the ball on retirement planning

Try these 10-minute tasks to ace your retirement planning.

In sport, if you train well you’re more likely to succeed on match day. It’s the same with your retirement. The more preparation you do, the more likely you’ll be able to enjoy the life you hope for when you stop work.

So what are you waiting for? These 10-minute tasks will help you manage your pension during half-time.

Register for your personal myRPS account

Get a head start on planning for your future with your myRPS account. If you haven’t already, register for a myRPS account to make the most of your membership.  Over 100,000 of our members are already registered online, you don’t want to miss out!

With an online account you can:

  • Use our tools and modellers to plan ahead for life after work and picture your retirement goal
  • Make a nomination to tell us where you’d like any cash payment to go if you die before you take your pension
  • Make Additional Voluntary Contributions (AVCs)
  • Check or change any funds you invest in if you pay in AVCs, or if you’re a member of the Industry-Wide Defined Contribution Section
  • Find your Member Guide, which explains the fantastic benefits of your Scheme membership and how it works in more detail

… and plenty more to help you stay ahead of the game.

Find helpful guides and information on your member website

Your member website is packed with information to help you stay on the ball with your retirement planning.

We’ve recently improved your website and given it a fresh new look. It’s now quicker and easier than ever to find the information you’re looking for online.

On your website there’s valuable guidance to help you understand how and when to take your pension, including:

  • How much you’ll need for retirement
  • How to save more
  • When to retire
  • Ways to take your pension
  • How to apply for your pension

There’s also handy guides on pension topics to help you give planning for life after work your best shot.

Check out our new YouTube channel

On our YouTube channel you’ll find a range of informative videos to help you get to grips with your pension, all in one place.

Our videos break down complex pension topics into bite-size chunks to make them easy to tackle. All are around 5 minutes long, so if half-time lasts 15 minutes, you could watch 3 videos and have time to grab a coffee before the game restarts.

We have videos on over 20 pension-related topics. You’ll also find playlists on:

  • How to use the RPS website
  • Planning for retirement
  • Saving more for life after work
  • Tax and how it might affect your pension
  • New joiners

As with your myRPS account, you can access our YouTube channel wherever and whenever you need to.

If you don’t have time to watch the entire playlist at once, you can pause, play and replay the videos at your leisure. So you don’t need to worry about missing the match!

Got a question about your pension? Ask our Virtual Assistant

If you’re on-the-go and need information quickly, don’t sweat it! Ask our Virtual Assistant. It’s a quick way to get answers to general pension questions.

The Virtual Assistant is available 24/7, and you don’t need to log in to myRPS to use it. You’ll find it in the bottom right hand corner of your screen whenever you visit your website.

The Virtual Assistant won’t have access to your personal pension details, but it will direct you to where you can find what you’re looking for. If you need information on your personal pension details, log into your myRPS account.

Just 10 minutes, that’s all it takes to keep up with your retirement planning. Try it for yourself. The ball’s in your court!

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