No longer paying into IWDC

My benefits

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The IWDC benefits you have saved ​are frozen (or ‘preserved’) until you’re ready to start taking them, and could include some, or all, of the following:

  • a pension pot made up of your defined contribution benefits and investment returns. When you retire, you can take this pot as cash, an annuity, a series of lump sums (known as drawdown) or keep it invested
  • a lump sum which is currently tax-free when you retire
  • a lump-sum payment and/or a pension to your beneficiaries if you die before claiming your pension pot

The value of your pension pot will depend on the investment returns ​you have built up to the date that you take your benefits.

 As a preserved member, you can still choose the investment options that best suit your needs and how ‘hands-on’ you want to be in managing your investments. Both Lifestyle strategies and Self-select funds ​are available.

You ​can continue to make changes to how your funds are invested by logging in to myRPS (or registering if you haven't already).

You can also change your ​Target ​Retirement Age by contacting RPMI.

Request an estimate/claim your benefits

Ask for an estimate – or apply to claim your benefits if you’re near retirement age – by calling the Helpline on 0800 2343434 or emailing

When contacting RPMI, please quote your pension reference number - you can find this on ​your Membership details page once you've signed into your myRPS account.

Watch and learn


Your 3 pension options in 3 minutes