I'm planning to take my pension
Understand how and when you can take your DB pension and find out how to apply when you're ready.
As a member of the defined benefit (DB) section of the Railways Pension Scheme, you will get an income for life when you retire. The exact amount you’ll get is based primarily on:
But there are still a few decisions you need to make. Visit the pages below to understand the options available to you and take the time to consider what's right for your circumstances.
If you’re getting ready to retire, or just thinking ahead, it’s good to know if your pension savings are on track.
Learn about the rules and tax implications of staying in, or returning to work, after taking your DB pension.
Things to consider before deciding how and when to take your DB pension.
What to do when you're ready to take your DB pension and what will happen next.
What to do if you're thinking about transferring your pension out of the Scheme.
Make sure you know the warning signs of pension scams and how to avoid losing your savings.