Managing my AVC Extra

The value of your pot, shown on the page, is based on the most recent unit price. You can find the unit price on the prices and performance page.  It will not be the actual value of your pot on that current day but will be the most recent figure available.

There may also be circumstances in which daily trading needs to be suspended in order to protect your savings.

You can learn more about all the funds available on the AVC Extra fund choices page.

You can also read more about the differences between Lifestyle strategies and investment funds on the how investments work page.

You may want to speak to an Independent Financial Adviser (IFA) before making any decisions. You can find more information on the guidance and advice page. 

For a step-by-step guide to changing your funds, watch the 'How to switch your RPS investment funds' video.

Checking and changing your Target Retirement Age (TRA)

If you're invested in a Lifestyle strategy, you should check your Target Retirement Age (TRA), regularly in case your plans change.

Your TRA is the age when you plan to apply for your pension. It’s important because it triggers an automatic process 10 years before you retire to make sure your funds are put into lower risk investments.  

Your minimum TRA is 50, 55 or 57, depending on when you joined the Scheme and whether you have a Protected Pension Age (PPA). Your maximum TRA is 75. This could be earlier or later than your Section's Normal Retirement Age (NRA), which is usually between 60 and 65.

If you don't choose a TRA yourself, then your NRA may be used instead, however this isn’t always the case. You can check your NRA in your Member Guide. You can find the Guide when you log in to your myRPS account. 

Not choosing a TRA may also mean your pot could be invested in funds that don't suit your needs.

You can set, check, and change, your TRA when you log in to your myRPS account. Go to ‘My Pension’, then ‘Funds’ and 'Change Target Retirement Age.'

Changing your contributions and making a one-off payment

You can increase, reduce or stop your AVC Extra contributions at any time.

You need to speak to your employer directly to change your AVC Extra contributions. If you'd like to make a one-off payment (also known as a top-up), email us at oneoffcontribution@railpen.com and we will take you through the process.

Please check the Read as You Need guide for AVC Extra members for more information.

You might want to speak to an independent financial advisor about managing your AVC Extra pot and making the most of your pension savings. You can find more information on the guidance and advice page.