Users' questions

How do I find out my UK Rail pension?

How do I find out my UK Rail pension?

You can find this on the ‘Membership details’ page, under the ‘My Pension’ section of myRPS or on any correspondence from RPMI about your RPS pension.

Do new railway employees get pension?

Once a Railway Servant has rendered the minimum qualifying service of 20 years, pension shall be 50% of the last emoluments or average emolument received during the last 10 months whichever is beneficial to him. (b) After completion of 10 years service, 50% of last Pay is admissible as Pension.

Can I cash in my railway pension?

You are currently allowed to take a tax-free lump sum when you retire. Your regular income will then be calculated from your remaining pot. You can also ‘top up’ your pension by paying additional voluntary contributions (AVCs).

What do you need to know about Railways Pension?

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How are pension funds affected by water nationalisation?

We should ignore the crocodile tears over the impact on pension funds and employees. UK pension funds own only 5% of the water and energy companies, so 95% of the value of higher compensation would go to largely foreign investors.

When did the Labour Party nationalise the railways?

And when the War-damaged railways were nationalised, in 1948, the government issued bonds to pay for the shares based on their price in November 1946. The current Labour Party has said it would also make deductions based on things such as taking on pension-fund deficits, debts and subsidies given to the companies by previous governments.

How much would the nationalisation plan cost the UK?

The CBI has also warned if the government does not pay a premium, then UK pension funds and savers would take a hit of £9bn, which is £327 per UK household. That is based on a calculation assuming 20% of the targeted assets are owned by UK investors.