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  • Brass Payroll Deduction Form - Railwayspensionscouk

Get Brass Payroll Deduction Form - Railwayspensionscouk

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 - Railwayspensionscouk online

This guide provides clear and comprehensive instructions for filling out the BRASS Payroll Deduction Form online. Whether you are starting contributions or making changes, this user-friendly approach is designed to help you navigate each section effectively.

Follow the steps to complete the BRASS Payroll Deduction Form successfully.

  1. Click the ‘Get Form’ button to access the BRASS Payroll Deduction Form. This will allow you to open the form in the relevant editor for completion.
  2. In the 'Your details' section, fill in your National Insurance number along with your title, surname, employee number, first names, and contact telephone number. Use BLOCK CAPITAL LETTERS for clarity.
  3. In the 'Your BRASS contributions' section, indicate whether you wish to start regular contributions, change the amount, or make a one-off contribution. Specify the amount you want to contribute each week and ensure it is at least £2.
  4. Complete the 'Your BRASS fund choices' section if you are starting contributions. To specify your fund selections, complete a PM85 form, which is essential for directing your contributions. If not received, contributions will default to the Trustee chosen fund.
  5. Read the declaration carefully, acknowledging your understanding of the tax implications and your agreement to the deductions from your pay. Sign and date the form to confirm.
  6. Send the completed form to the Network Rail Pensions Team via email at pensions@networkrail.co.uk or by post to the designated address.
  7. Upon submission, you can save changes to the form as needed, download a copy for your records, print it out, or share it with relevant parties.

Complete your BRASS Payroll Deduction Form online to ensure your pension contributions are managed effectively.

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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.

BRASS is the Railways Pension Scheme in-house AVC arrangement and this could be suitable for you if. you: • have large earnings which do not qualify for Scheme pension (such as overtime and bonus. payments); or. • want to increase your benefits at retirement or to enable you to take your benefits early (as long as.

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.

A pension fund is a retirement fund that receives frequent contributions (usually monthly) from you and your employer. At retirement, you can access up to one third of the benefit in cash, and the remaining two thirds must be used to purchase an income annuity.

Pension funds are pooled monetary contributions from pension plans set up by employers, unions, or other organizations to provide for their employees' or members' retirement benefits. Pension funds are the largest investment blocks in most countries and dominate the stock markets where they invest.

Pension plans are funded by contributions from employers and occasionally from employees. Public employee pension plans tend to be more generous than ones from private employers. Private pension plans are subject to federal regulation and eligible for coverage by the Pension Benefit Guaranty Corporation.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232