Latest news | Railways Pension Scheme

Climate change and your pension

Jan 22, 2021

Climate change is a major issue for many reasons, but did you know it can also affect your pension?
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Thank you Platform group

Dec 23, 2020

Thank you to everyone involved in our members’ group, Platform, during 2020.
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Planning tools coming soon!

Dec 21, 2020

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Help railway families in need this Christmas with the RBF

Dec 15, 2020

2020 has been a testing time for us all this year. So why not have an RBF (Railway Benefit Fund) party to help those in the railway industry who are struggling financially, and worrying about providing for their families?
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Latest Focus online now

Dec 14, 2020

The latest Focus newsletter is now available online for active members of the Fund.
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Spending Review: State Pension increase and changes that will impact some workplace pensions

Nov 26, 2020

On 25 November, the Government’s Spending Review confirmed State Pensions will increase by 2.5% in 2021.
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Pension payments to overseas accounts

Nov 26, 2020

The United Kingdom is due to leave the European Union (EU) on 31 December 2020. Once this happens, some UK banks will be closing accounts belonging to British people who now live in the EU.
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Pension scams and Coronavirus

Nov 24, 2020

The cost of pension fraud continues to rise, with scammers cashing in on the Coronavirus pandemic.
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Have your voice heard

Nov 18, 2020

You may have received an email, inviting you to take part in a survey from the Institute of Customer Service (ICS).
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Benefits statement, save the date

Nov 11, 2020

Don’t be surprised if your Annual Benefits Statement doesn’t arrive as usual this month.
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The pension fear factor

Oct 28, 2020

This Halloween, take the fear out of your financial planning, with the first in our series of stories designed to simplify pensions.
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Your latest Penfriend newsletter is here

Oct 20, 2020

Your latest Penfriend newsletter for Autumn/Winter is here. It includes:
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Autumn Budget Cancelled

Oct 20, 2020

The Autumn Budget has been cancelled, due to the economic impact of Coronavirus.
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Retired members can now do more online

Oct 12, 2020

If you are already in receipt of your pension benefits, be sure to check out and make full use of the newly re-vamped British Transport Police Force Superannuation Fund website.
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State Pension age now 66

Oct 8, 2020

The age at which people can start claiming a State Pension has now officially risen from 65 to 66.
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Minimum pension age expected to rise from 55 to 57

Sep 16, 2020

Plans to raise the minimum pension age have been recently confirmed by the government.
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Pensions and divorce: what to consider

Aug 26, 2020

The breakdown of a marriage can be a very difficult time and while the impact on your pension might not be at the forefront of your mind, it is extremely important to know what to expect in order to be able to make the best decisions for yourself.
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A rising State Pension age

Jul 21, 2020

In recent years, the State Pension age (SPA) has increased from 60 to 65 and beyond. The rise to 66 for both sexes is currently in progress and the age will increase yet again in the following decades with increases to age 68 already in law.
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Changes to the Annual Allowance and Lifetime Allowance for 2020/21

Jul 21, 2020

The Lifetime Allowance (LTA) has increased to £1,073,100, whilst the income threshold for the Tapered Annual Allowance (TAA) has jumped to £200,000 from 6 April 2020.
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Tax relief - your secret helper

Jul 21, 2020

Nobody likes paying tax – that’s for sure. But, did you know you get tax relief on your pension contributions which helps you save more?
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Also in this section

Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.