Step 1: Joining

At NatWest Group we’re committed to helping you build up your retirement savings.

That’s why you’ll automatically become a member of the NatWest Group Retirement Savings Plan (“the Plan”) from your first day with us.

Have you thought about the kind of lifestyle you want in retirement? Watch our video to see how the Plan can help.

Video transcript

Things you need to think about

The Trustees want to make sure you’ve got access to the information, guidance and support you'll need to help you build up your retirement savings.

You’ll have some things to think about and some decisions to make -

How much to save  - How much you save in the Plan is a very important decision. Think about what you’ll need once you retire, and whether you’re putting enough away now for the lifestyle you’d like. To find out more information visit the Contributions and tax page. 

How your Plan savings are invested  - The Trustees will automatically invest your Plan savings in the Plan’s default investment called the Drawdown Lifestyle – you don’t need to do anything. However, if you do want to choose how your Plan savings are invested yourself, the Trustees offer a choice of investment options. Before you make any investment decisions you should visit the Investing your Plan savings section. Here you'll find important things you should consider before making any choice.

Input your Target Retirement Age - Your Target Retirement Age is the age you choose to retire. The Trustees will set your Target Retirement Age at 65 if you don't tell them otherwise. Ensuring you pick the correct Target Retirement Age is particularly important if you’re in a Lifestyle investment due to your Target Retirement Age determining when the Lifestyle switches from one fund type to another. To change your Target Retirement Age complete the Target Retirement Age Form. You can find more information about Lifestyles and how they work on page 6 of the Member booklet.

Nomination of Beneficiaries - A key part of your retirement planning should be to make sure we have an up-to-date Nomination of Beneficiaries Form so it’s clear who you’d like your Plan benefits to be paid to if you die. To update this complete the Nomination of Beneficiaries Form.