Whether you're an existing member, a new employee, or want to join the scheme, you're in the right place to find out everything you need to
know. Use the links below to get straight to the help you are looking for.
Get to know the Savings Trust
The Rolls-Royce Retirement Savings Trust is our pension scheme for UK employees. All employers are required by law to have a pension scheme that eligible employees are automatically enrolled into. The Savings Trust is administered on behalf of the Trustee Board by Aviva, in partnership with the Rolls-Royce pensions team.
Take a look at the member guide for detailed information about the Savings Trust...
We automatically enrol all new employees within three months of starting at Rolls-Royce. But if you don’t want to wait, you don’t have to. Once you’ve started work at Rolls-Royce, go to Employee Hub and search auto enrolment to find out how to join straight away.
To find out more about the Savings Trust, we recommend watching this video (8 minutes). It covers all of the basics, including contributions, tax-relief, managing your membership, investment options and more.
We’ve got more videos to help you with your membership. See below for the full playlist.
Finally, if you’re currently working for Rolls-Royce, you can find more information about your membership on Employee Hub. Just follow the link from the toolbox on the Engine Room homepage.
Latest news from the Savings Trust
The latest Savings Trust newsletter is the best place to find out what’s been happening in the scheme and what’s coming up. Get the latest facts and figures, investment performance charts, retirement planning information and much more by checking out the latest Trustee Newsletter.
Our previous issues from 2020 onwards can be found at the Trustee Newsletter archive.
If you currently work for Rolls-Royce, don’t forget to use Employee Hub to get answers to your questions. We update Employee Hub regularly, and if you can’t find what you need, you can use it to get in touch with us. If you no longer work at Rolls-Royce, Aviva should be your first point of contact for help with your membership. See the Getting Help section below for their contact details.
Joining the Savings Trust
All about Auto Enrolment
In the UK, the law says that employers have to put eligible employees into a workplace pension scheme without them asking to join. This is called Auto Enrolment
At Rolls-Royce, we’ll auto enrol you into the Rolls-Royce Retirement Savings Trust within three months of starting work – even if you don’t meet the eligibility requirements set out by the Government.
The Government require a minimum contribution totalling 8% to be paid, with a minimum of 3% coming from the employer. As you’ll see in the contributions section below, Rolls-Royce exceeds this minimum from the day you join by paying 6% alongside your 3% contribution. And this continues to grow across your first three years of membership.
Look out for an email we’ll send you with more information about auto enrolment. It’ll arrive shortly after you join the Company.
If you’ve opted-out in the past but would like to join the Savings Trust, you can do so by going to Employee Hub and searching Join Savings Trust.
Regular contributions the Savings Trust
When you join the Savings Trust, you start by paying a 3% contribution, with Rolls-Royce paying 6%. After one year of membership, this automatically increases to 4% from you and 8% from the Company. And after two years of membership, it automatically increases to 5% from you and 10% from the Company.
After three years of membership, you can choose to pay 6% and get 12% from Rolls-Royce.
Rolls-Royce Retirement Savings Trust contribution rates
You'll need a minimum of three years of membership before you can take advantage of the core contribution structure. However, both your contribution level and the Company's will automatically increase after your first and second year of membership. After three years, you can choose to take the final step, payig 6% to get the Company's 12%. See how it works below:
Your contributions will be automatically set in line with the table below:
* Contributions automatically increase in line with this table, but you can always flex down to a lower level by using the TotalReward Portal. If you flex down at any point, we won't automatically increase your contributions in the future.
After three years of membership, you'll be able to increase your contributions to the maximum shown the table below. This won't happen automatically, so you'll need to make any changes yourself, using the TotalReward Portal.
Core contribution structure
At any time, you can choose to pay a higher personal contribution, but the maximum employer contribution will not exceed 12%. Head to the Paying more into the Savings Trust section to find out more.
Paying more into the Savings Trust
If you want to pay a higher regular contribution to the Savings Trust, you can. It’s easy to manage the level of your contribution using the TotalReward Portal. Find out how to do this by going to Employee Hub and searching Savings Trust contributions.
You might also want to make a one-off contribution to the Savings Trust – perhaps from a bonus or an overtime payment. Find out how to do this by going to Employee Hub and searching Savings Trust one-off contribution.
Managing your membership
As a member, you can keep track of your savings and manage your account using Aviva’s MyWorkplace. Watch the video to find out what you can expect.
To find out more about MyWorkplace, including how to register, visit Employee Hub and search MyWorkplace.
In addition to the information on this page, you can find much more information about the Savings Trust on Employee Hub. It’s got lots of information and guides to help you with your membership, whether you’re just starting out, preparing to retire or somewhere in the middle!
You can access Employee Hub when you’re on the Rolls-Royce network from the toolbox on the Engine Room homepage.
Tax relief - helping you to save
As a member of the Savings Trust, you receive tax-relief on the contributions that you make to the scheme. Whether it's your regular contribution, or any additional ones, the tax-relief is applied when it's taken from your pay.
To find out about how tax relief helps you to save for retirement, visit Employee Hub and search Savings Trust Contributions.
Although while there's no limit to how much you can save into the RRRST, there are limits on how much tax-relief you can receive. Find out about them below or by visiting Employee Hub and searching Tax Relief.
Find out about HMRC's Annual Allowance limit
Get an overview of retirement savings tax-relief limits for higher earners
Learn about reductions to the Annual Allowance if you have an adjusted income of £260,000+
Learn about changes to your Annual Allowance when you access a defined contribution pension.
How to pay an Annual Allowance tax charge from your retirement savings.
Additional benefits
Current employees are covered by our Group Life Assurance policy, which pays a lump sum benefit to your beneficiaries in the event of your death. You can find out more and check your personal level of cover by searching Life Assurance on Employee Hub.
Both current and former employees also have the value of their account returned to their beneficiaries.
Savings Trust members working at Rolls-Royce are also covered by our Group income Protection (GIP) arrangement. This provides an income if you are assessed as being unable to work due to illness or injury. For more information, search GIP on Employee Hub.
Getting help with your membership
The Rolls-Royce Retirement Savings Trust is administered by
Aviva and the Rolls-Royce pensions team. Find out below who's
best to answer your specific question.
Aviva
As a general
rule, you should speak to Aviva about anything you see on MyWorkplace, or to get help with logging in to it. Aviva are also the people to contact if you need information about your funds and where they are
invested.
Telephone: 0345 604 0803 (Monday to Friday, 8am to 5.30pm)
Email: rolls-royce.mymoney@aviva.com
Write: Aviva, P.O. Box 2284, Salisbury, SP2 2HY
The Rolls-Royce pensions team
Get in touch with us if you have questions about the
contribution structure, rules of the scheme or need to contact the Trustees of
the scheme. If you're a current employee, please visit Employee Hub to get answers to your questions and to contact us if you can't find what your need.
Telephone: 01332 333335 (Monday to Thursday, 8am to Midday)
Email: RRRSTinbox@rolls-royce.com
Write: Rolls-Royce Pensions Team (A-90), P.O. Box 31, Derby, DE24 8BJ
TotalReward Portal helpline
If you're having difficulty accessing or using the TotalReward Portal, please contact the dedicated support team.
Telephone: 0203 435 7895 (Monday to Friday, 8.30am to 6pm)
Email:helpdesk@mercermarshbenefits.com
Write: Rolls-Royce Client Services Team, Darwin Technologies, Gordon House, 10 Greencoat Place, London, SW1P 1PH
Trustee privacy policy
To ensure fair processing under the General Data Protection Regulations (GDPR), we need to let you know that when you become a member of the Savings Trust, we'll need to share your personal data with Aviva, who are the administrator of the RRRST. This is essential for them to be able to set you up as a member. You should also take a look at the Trustee's Privacy Notice, which you can view or download here.