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PM602B (part 1) - Protected Railways Pension Scheme - Network Rail Section BRASS payroll deduction form Please use BLOCK CAPITAL letters Please fill in this form if: You would like to start contributing.

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How to fill out the Brass Payroll Deduction Form online

The Brass Payroll Deduction Form is essential for users who wish to start or modify their contributions to the Brass scheme. This guide will walk you through each section of the form to ensure a smooth completion process, allowing you to manage your contributions effectively.

Follow the steps to complete your Brass Payroll Deduction Form online

  1. Press the ‘Get Form’ button to access the form and open it in your preferred editing application.
  2. Begin by filling in 'Your details' section. This includes your title, surname, first names, employee number, and National Insurance number, as well as a contact telephone number. Ensure that you use block capital letters for clarity.
  3. In 'Your BRASS contributions', indicate if you are starting a new contribution or changing an existing one. Enter the regular amount you wish to contribute each week or specify the one-off contribution amount. Note the minimum contribution of £2 per week.
  4. If you are starting contributions, remember that you must also complete a PM85 form to select your fund preferences. If this form is not submitted, your funds will default to the Trustee chosen default fund.
  5. In the 'Declaration' section, affirm your agreement for Network Rail to deduct the specified amount from your pay before tax. Provide your signature and the date.
  6. Finally, submit the completed form to the Network Rail Pensions Team via email or postal service, as specified in the form.

Complete your Brass Payroll Deduction Form online today to manage your contributions effortlessly.

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You can choose to pay Additional Voluntary Contributions (AVCs), known as BRASS, with the aim of increasing your RPS pension benefits. BRASS contributions are used to provide additional benefits on a defined contribution basis (Money Purchase) and are invested into AVC funds provided by the scheme.

As a BRASS member, you pay Additional Voluntary Contributions (AVCs). If you decide to join BRASS, the money you pay into your BRASS account is invested with the aim of 'topping up' your main Scheme pension for when you retire.

Your BRASS Account also has tax benefits; for example, there is no capital gains tax payable on the capital growth of your fund. You can join BRASS if you are a contributing member of the Scheme.

Please ask your employer about the maximum you can pay. Network Rail members should check their BRASS guide for details. The most you can contribute to BRASS each tax year is the higher of either: 15% of your gross pay, minus your normal Scheme contributions; or.

Please ask your employer about the maximum you can pay. Network Rail members should check their BRASS guide for details. The most you can contribute to BRASS each tax year is the higher of either: 15% of your gross pay, minus your normal Scheme contributions; or.

Additional Voluntary Contributions (AVCs) are a tax-efficient way to save more towards your pension benefits. The Scheme's main AVC arrangement is called BRASS. Your BRASS AVCs are invested in a range of funds with the aim of building up extra benefits over time.

When you take your benefits, the value of your BRASS funds is used to buy you extra pension in your section of the scheme. However, you are required to take a tax-free cash lump sum equal to your BRASS account value, up to the maximum allowed by HMRC.

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