Latest news | Railways Pension Scheme

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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Support for pension savers

Jul 20, 2020

A new guide, “COVID-19 and your pension” has been published, to equip pension savers with the knowledge and support they need to make informed decisions about their pension.
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Correction and apologies

Jul 20, 2020

On 12 March we published an article announcing that for the 2020/2021 tax year, your pension will increase by 1.7%, effective from 6 April 2020.
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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.