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How pension saving works

Saving into this pension is a simple, low cost and tax efficient way to save towards your future. 

  • Your plan is set up for you by Network Rail.
  • You and Network Rail pay in, and the government helps out in the form of tax relief.
  • The money that you and Network Rail pay into your plan builds up your pension pot.
  • Your pension pot is invested in one or more of our investment options.
  • The aim of an investment option is to grow the value of your pension pot but this isn’t always guaranteed.
  • Our investment management business incorporates a responsible investing approach, considering environmental, social and governance (ESG) issues in its investment process.
  • You can decide what to do with your money, and how you take it from age 55, whether or not you’ve stopped working.

To help you understand how your Network Rail Defined Contribution Pension Scheme (NRDC) works, take a look at the NRDC Member's Guide.

Are there any charges for your new plan?

Contributions and tax  >

The government helps out with tax relief too!

How your pension is invested >

Understand how your contributions are invested and what you need to consider.

Easily plan your retirement >

Planning your retirement is probably the most important aspect of financial planning for you to consider. Our free course with The Open University will help.