RPS DC members
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  • DC Members

    About the scheme

  • Benefits of membership

    • All of your contributions to the Industry-Wide Defined Contribution Scheme automatically receive income tax relief.
    • You can choose to pay additional voluntary contributions (AVCs) to increase your benefits when you retire.
    • Each year you will receive a statement giving details of your contributions and the value of your personal retirement account.
    • If you are unable to work because of ill health and you meet certain criteria you may be able to use your personal retirement account to buy an annuity to provide a pension.
    • Your personal retirement account will buy you an annuity to provide a pension when you retire. You can choose how you want your pension paid, either in part as a lump sum or all as a pension.
    • As a contributing member you are covered for lump-sum death benefits.
    • Your employer pays the cost of running your Defined Contribution Section and the cost of any lump-sum death benefit.
    • The Trustee Company monitors your investment options.
    • You have access to this website which offers information on your pension.