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PM602A Railways Pension Scheme Network Rail SectionBRASS payroll deduction form Please use BLOCK CAPITAL letters Please fill in this form if: You would like to start contributing to BRASS, or You.

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How to fill out the PM602A Railways Pension Scheme - Network Rail Section online

Filling out the PM602A form for the Railways Pension Scheme is a straightforward process that allows users to manage their pension contributions effectively. This guide provides clear, step-by-step instructions on how to complete the form online, ensuring that you provide all necessary information accurately.

Follow the steps to complete the PM602A form with ease.

  1. Click ‘Get Form’ button to obtain the PM602A Railways Pension Scheme form and open it in your document editor.
  2. In the 'Your details' section, fill out your National Insurance number, title (Mr, Mrs, Miss, Other), surname, employee number, first names, and contact telephone number. Use BLOCK CAPITAL letters for clarity.
  3. Move to the 'Your BRASS contributions' section. Indicate whether you wish to make a regular payment or a one-off contribution. For regular contributions, enter the amount you want to deduct from your pay each week. For one-off contributions, specify the amount you want to contribute from your next pay period.
  4. In the 'Your BRASS fund choices' section, if you are starting new contributions, ensure to complete the PM85 form to select your preferred funds. If you are amending your contributions, your existing fund choices will remain unless you indicate otherwise through a new PM85 form.
  5. Sign and date the declaration at the end of the form, confirming your understanding of the terms and that your contributions will not be funded by tax-free lump sums.
  6. Finally, submit your completed form to the Network Rail Pensions Team via the contact details provided. You may send it via email or by post.
  7. Once you have submitted the form, ensure to keep a copy for your own records. You may also want to download or print a copy of the filled form before submission.

Complete your PM602A form online today and take control of your pension contributions.

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A company pension plan is a type of workplace pension set up by your employer. The plan is run by trustees on your employer's behalf. You'll have an individual account with the plan.

It is sometimes called a 'company pension', an 'occupational pension' or a 'works pension'. It's tax efficient - as the money you pay in, or contribute, to your pension is taken from your salary before tax is deducted, reducing the overall amount of tax you will pay on your salary.

The Trustee looks after your interests as a member of the Railways Pension Scheme. It is the trustee for four railway industry pension schemes. Two of these schemes - the Railways Pension Scheme (RPS) and the British Transport Police Force Superannuation Fund (BTPFSF) - are open to new members.

Railways pension scheme (RPS)

Fact Check: No, Railways Has no Plans to Cease Salaries, Pensions in 2020-21.

New Pension System (NPS) and its implementation. Transfer of accumulated NPS wealth to Railways in case of erroneous withdrawal, death/disability of NPS subscriber etc.

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