See what you would get at retirement

You only retire from the Fund once, so the process of retiring – the many choices you need to make and steps you need to take – may surprise you.

For example, did you know it can take up to 6 months to retire? Make sure you give yourself enough time, especially if you have your heart set on a certain date.

Use the retirement timeline and understand what needs to be done and when, to be sure you can retire exactly when you want to.

Nominate a beneficiary

It’s important that you tell us who you’d like your money to go to when you die. This will help to make sure we give your pension money to the right person.

If your circumstances change – for example, you get married or have children – you might want to change who your money goes to. So if you’ve already given us some names, it’s a good idea to make sure you’re still happy with who you’ve chosen from time to time.

Update your details

We sometimes need to send you important information about your Fund benefits by email or by post. That’s why it’s important to update your personal details if you move house, get married or form a civil partnership, get divorced – or experience any other change in circumstance. Most importantly, if you leave the bank, remember to provide us with a personal email address. While you’re there, why not check we have your mobile phone number?

Get financial advice

Your Fund benefits could be an important part of your future finances. So, before you make any big decisions like transferring out or retiring, you may want to speak with an Independent Financial Adviser.

If you are over age 55, have left the Fund and are thinking about transferring, you can take advantage of the competitive charges with Liverpool Victoria Financial Advice Services Limited (LVFAS) that the Trustee has arranged.

Let us know a member has died

We are sorry for your loss and will help you as quickly and efficiently as we can. If the member was still employed by the bank when they passed away, please email the NatWest HR team with their details.

If they were no longer working for the bank, please notify us by completing the Report a death form online. It takes around 15 minutes to complete. We’ll then be able to take care of things for you.

Latest news

5 April 2023

Pension allowance changes from 6 April 2023

In this year’s Spring Budget, the Chancellor announced significant changes to pension allowance limits. This means you can now save more towards your retirement, before facing any extra tax charges.

News update

10 January 2023

Top five tips for managing the rising cost of living

The rising cost of living is affecting people across the country. But the helpful news is there are plenty of ways to spend wisely and make your savings last longer. Take a closer look at your spending habits and see where you can save.

Latest News

20 March 2023

Take care of your financial wellbeing

Feeling in control of your money is important for your financial wellbeing and your mental health.