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.

Things to think about before taking your DB pension

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:

  • how long you’ve paid in (your membership)
  • your final average pay

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. 

A calendar, with a date ringed in red pen, shown next to a pile of £50 notes and a wallet holding £20 notes

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