Video library

A collection of videos to help you understand your pension, plan for retirement, and more.

Watch and learn

Pensions can seem complicated but it's important you understand what your pension can do for you, and how to make the most of it. You can find a series of short videos to help you below. 

A black and white clapper board like those used on film sets
How to use the video library

Use the drop-down menu (the small arrow where it says topic) to filter the videos and find the one that's relevant to you.  

You can also subscribe to our YouTube channel - youtube.com/@railwayspensionscheme. There you'll find playlists such as:

  • Don't be lured in by a phishing email or text - protect your pension

    Phishing emails and messages are getting harder to spot, but there are ways to protect yourself. Keep your pension information safe from scammers by using these helpful tips.

  • AVCs and your pension

    When it comes to your pension, AVCs (Additional Voluntary Contributions) could significantly boost your savings in the long run. AVCs are a tax-efficient way to save more towards your pension benefits.

  • Pension scams: Stay safe online

    Make sure you stay safe online when it comes to your pension. Report suspicious behavior to Action Fraud at any time at actionfraud.police.uk/

  • Guide to your Retirement Options form

    Ready to start your retirement? Here's a guide to completing your Retirement Option Form, which you need to do once you've read your retirement quote and have decided how you'd like to take your pension benefits.

  • What are Additional Voluntary Contributions (AVCs)?

    A basic guide to AVCs and why you might want to consider saving more.

  • How to switch investment funds

    This video explains how you can change your investments if you pay Additional Voluntary Contributions (AVCs) or are a member of the IWDC Section.

  • Understanding the Money Purchase Annual Allowance

    The Money Purchase Annual Allowance (MPAA) could affect you if you take money from your IWDC pension pot or Additional Voluntary Contributions (AVCs) while still paying in. Watch now to find out how.

  • All together now

    Discover what it means to be in control of your pension, as well as being part of a highly valued scheme like the RPS.

  • Saving for life after work

    As an RPS member, you're saving for the time of your life, but you could save more by making Additional Voluntary Contributions (AVCs).

  • Pension basics

    The world of pensions can be daunting. Watch this short video to get to grips with the basics.

  • Understanding tax relief

    When you pay into your pension some of the money that would normally have gone to the government in tax, goes towards your pension instead. This is known as tax relief. It means the money you put into your pension is tax-free up to certain limits.

  • How to use the IWDC Retirement Modeller

    The IWDC Retirement Modeller will show you what your IWDC pot could be worth when you reach retirement – and help you work out how you want to use it. Watch this short video to find out more.

  • How to use the DB Pension Planner

    The DB Pension Planner will give you an idea of how much you might get when you take your pension. It will also let you see the potential impact of making changes to your retirement age or BRASS payments. Watch this video to find out more.

  • Understanding the Tapered Annual Allowance

    The Tapered Annual Allowance (TAA) is a lower Annual Allowance (AA) and may affect you if your taxable income is over £200,000. It's all explained in this video.

  • How to nominate

    You can use your nominations to tell the Trustee who you'd like your lump-sum death benefit to be paid to. Watch this video to find out how.

  • Don't let them down

    Find out how those you care about could benefit from your pension.

  • Understanding the Annual Allowance

    The Annual Allowance (AA) is the limit on your pension savings that can benefit from tax relief each year. Watch this short video to find out more.

  • What's your attitude to risk?

    If you're an IWDC member or pay AVCs you can choose how your money is invested. Watch this short video on attitude to risk, then visit the 'Investments' part of the website to find out more.

  • Save even more with a BRASS top-up

    This video explains how you can save more for your future with a BRASS top-up.

  • Registering for a myRPS account

    Registering for a myRPS account is easy, and a great first-step to managing your pension. This video will show you how to do it.

  • Welcome to the Railways Pension Scheme

    Get started on your pensions journey by learning about the Scheme and your membership

  • Understanding your retirement options - IWDC

    If you're a IWDC member, this short video will help you understand your retirement options.

  • Understanding your retirement options - DB members

    If you're a DB member, this short video will help you understand your retirement options.

  • Pension transfers - what's it worth

    This video explains why transferring DB benefits to a DC arrangement is unlikely to be the best idea for most DB members.

  • How to request an estimate

    You can request estimates of your pension or pension pot in your myRPS account. Watch this video to find out how.

The information provided on this website is intended for general information and illustrative purposes. Your benefits will be worked out in accordance with and subject to the governing trust deed and rules and relevant legislation.

Although every effort has been made to ensure the information given on this website is accurate, none of the information provided can give you, or your beneficiaries, legal rights to benefits that differ from those provided in the pension trust and rules.

We recommend that you get independent financial or specialist advice before making any important decisions about your pension arrangements.

What to read next...

Frequently asked questions 

Got a question about your pension? You might find it's already answered in these FAQs.

Read as You Need guides 

Detailed guides covering a wide range of pension topics. You can read them online or download them as needed. 

Glossary

An A to Z guide to some of the words and terms used in pensions.