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.
Joining the Savings Trust
The Rolls-Royce Retirement Savings Trust is our scheme for all UK employees. All employers are required by law to have a workplace pension scheme and the Savings Trust meets and exceeds this legal requirement.
Whether you work full-time or part-time, we’ll automatically enrol you in the Savings Trust three months after your start date.
However, you don't have to wait to be automatically enrolled and can choose to join at any time once you've started working here. Watch the video to find out how…
The TotalReward Portal is the place to go if you want to join before you're auto-enrolled. If you're logged into the Rolls-Royce network you can
access the TotalReward Portal without a username or password using our Single sign-on link.
If you're on a device that's not on the Rolls-Royce
network, you can log in with your username and password at
www.rolls-royce.com/totalreward.
Once you've joined, the Savings Trust's administrator (Aviva) will invest your contributions in
the Savings Trust's default investment option and contact you to give you online access to their MyWorkplace app and website (see below). At that point, you'll be able to change where your
money is invested. To find out more about your investment options, scroll down to the Investing Your Retirement Savings section below.
If you've got benefits in an existing retirement savings scheme, you may be able to transfer them into the RRRST, although you should consider taking independent advice before doing this. If you want to explore this option, please get in touch directly with Aviva once your account has been created.
If you don't want to join the Savings Trust, we'll let you know how you can opt-out when it's time for you to be enrolled. Legally, we can't allow you to opt-out any earlier, so please wait for our email that will give further details.
Aviva's MyWorkplace app and website
The Savings Trust is a defined contribution retirement savings scheme administered for us by Aviva. You can keep track of your retirement savings, and plan for the future, with their MyWorkplace app. Log-in details will be provided as soon as you’ve made your first contribution.
Have a look at this video to find out what to expect.
MyWorkplace has loads of great features for you to explore, including:
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Checking out your current fund value and performance
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Reviewing and/or amend your investment choices
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Managing your beneficiaries for death benefits
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Using the built-in retirement planner to see if you're on track to meet your retirement goals
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And lots more...
If you have more than one membership of the scheme, like a deferred membership from a previous period of Rolls-Royce service, you'll be able to see all of these displayed in one place.
Search Aviva MyWorkplace in your app store to get started, or to access the desktop version click here.
Once you've registered, you can also access MyWorkplace without a usename or password through the Quick Links feature of the TotalReward Portal.
If you're logged into the Rolls-Royce network you can
access the TotalReward Portal without a username or password using our Single sign-on link.
If you're on a device that's not on the Rolls-Royce
network, you can log in with your username and password at
www.rolls-royce.com/totalreward.
As this service is provided by Aviva, please contact Aviva for help with registering or using this service. Aviva's contact details can be found in the 'Getting Help' section at the foot of this page.
Investing your retirement savings
Make your own choice or leave it to the experts. Here's all you need to know about our 'hands-on' or 'hands-off' investment options...
The contributions both you and Rolls-Royce make to the Savings Trust are invested with the aim of providing you with the best possible income when you retire.
When you join, your money is automatically invested in the Savings Trust's Target Date Fund solution. This manages your investments for you throughout the life of your membership.
Target Date Funds work best when you set a realistic retirement date. This is because they gradually switch your investments from growth-focused to retirement-focused as you approach retirement. Your retirement date in the Savings Trust will be your State Pension Age, but you can change this at any time in Aviva's MyWorkplace.
If you prefer to make your own choices, you can choose to select from a range of investment funds. Again, you can do this at any time using Aviva's MyWorkplace.
Get an overview with our interactive guide to how the Target Date Fund solution works and find out about the selecting your own investments too...
This is best viewed on a desktop computer. On a tablet or phone, you may need to open this in a pdf reader for full functionality.
For everything you need to know about the Savings Trust, check out Aviva's member guide...
If you are one of the small group of members who remain invested in our default investment programme, please contact the Rolls-Royce pension team for a copy of the previous scheme booklet.
You can also watch our support videos, which will show you how to...
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Check and amend your retirement date
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Nominate a beneficiary for your death benefits
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Use the retirement forecaster in MyWorkplace to get a better idea of what your retirement might look like
Click play to watch them all, or click the playlist icon in the top right corner to choose the one you want to watch.
News and updates from the Trustee Board
Trustee Newsletter
The Trustee produces an interactive newsletter every year with information for members about their pension arrangement. Our 2023 interactive edition can be viewed here, with the formal RRRST Trustee Report for 2023 available here. Previous interactive Trustee newsletters from 2020 onwards can be found here.
UK financial market volatility - statement issued on 3 October 2022
The Rolls-Royce Retirement Savings Trust's default investment strategies have been designed to reduce volatility for those of you who are close to your expected retirement date, and to protect the value of your savings as far as possible.
For those of you who have longer to go before retirement, your savings may be more impacted by the short-term volatility, but because you are saving over such a long-term period you will benefit now because your contributions are buying investments at a cheaper price. In a situation like this, you buy more investments, which should increase in value over time.
You can remind yourself of your investment choices, or the default investment strategies, by logging into your account on Aviva's MyWorkplace app or website.
Contribution structure
Rolls-Royce will pay a maximum of 12%
as long as you contribute 6%. However, you'll need a minimum of three
years of membership before you can take advantage of the maximum company contribution of 12%.
That said, once you're a member you can choose to pay whatever level of contribution you want by using the TotalReward Portal.
Head to the Paying more into the Savings Trust section to find out more about this and how to access the TotalReward Portal.
Both you and Rolls-Royce will continue to make payments into your Savings Trust account until the earlier of:
- Your employment ending
- You deciding to opt-out of the Savings Trust
- Your 75th birthday
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 of membership. And after three years, full flexibility is open to you. See how it works below:
Contributions are 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.
After three years of membership, you'll be able to flex your contributions to any level in the table below. This will not happen automatically, so you'll need to make any changes yourself, using the TotalReward Portal.
Core contribution structure
You can pay a higher personal contribution than 6%, but the maximum employer contribution will remain at 12%. Head to the Paying more into the Savings Trust section to find out more.
Paying more into the Savings Trust
Increasing your regular monthly contribution
Paying more on a regular basis can really help your retirement savings to grow, and it's easy to do this on the TotalReward Portal.
If you're logged into the Rolls-Royce network you can
access the TotalReward Portal without a username or password using our Single sign-on link.
If you're on a device that's not on the Rolls-Royce
network, you can log in with your username and password at
www.rolls-royce.com/totalreward.
All you need to do once you've logged in is head to the Benefits section and click the edit button on the Retirement Savings Trust tile in the Your Financial Wellbeing area. Then all you need to do is adjust the percentage amount that you want to pay and follow the instructions to checkout. If you can't see an edit button, this means the portal is closed for payroll processing - just check back in a few days to make your changes.
Making a one-off payment
Normally, if you want to pay more into the RRRST, we ask you to do this through the TotalReward Portal (TRP). But when it comes to a one-off payment, things work a little differently for the reasons set out below.
The TRP won't let your monthly pay fall below the National Minimum Wage when selecting benefits. One-off payment information is often loaded onto the payroll system just before the monthly payroll cut-off, so if you try to make a large payment and the one-off payment has not been loaded, the TRP won't accept your request.
If the TRP won't let you pay the amount you want to, you can let us know by completing our online form. This will ask you the gross amount that you want to pay and which month's pay you want the deduction taken from. Your tax relief is provided automatically through your pay - you don't need to do anything to make this happen.
Please complete the online form no later than the 10th of each month to make sure it gets actioned on your next pay date (in December, this will be earlier and in March slightly later). You'll receive an email confirming the information you've entered. If any of it is incorrect, or if you want to change the amount of the deduction, simply complete the form again. We will always use your latest instruction.
Tell us you want to make a one-off payment into the Savings Trust by completing our typeform...
Before completing the online form it's very important that you know
- How much of your one-off payment you wish to pay into the RRRST
- The month in which the one-off payment is being paid to you
Please don't contact the pensions team to ask us what the level of any one-off payment is - we won't know.
Also, please bear in mind that any contribution request made through the online form will be in addition to the payments detailed on the TRP.
Your additional contribution will be paid along with your regular contributions to the RRRST and invested in line with your existing investment choices. You can review these by
logging into the Aviva MyWorkplace app and website.
Check your one-off payment won't exceed the Government's limit
As you'll be aware, the Government provides tax-relief to encourage pension saving, but it's not unlimited. You can find out how the Annual Allowance limit by checking out our Lifetime and Annual Allowance factsheet.
You are advised to take independent financial advice before paying additional contributions.
Tax relief on the contributions you pay
As a member of the RRRST, 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. And 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.
The two limits are called the Annual Allowance (AA) and the Lifetime Allowance (LTA). As its name suggests, the AA is a limit on how much can be paid into your retirement savings account each tax year, which includes both your contributions and those paid by Rolls-Royce. The LTA is a limit on your overall retirement savings and is only assessed when you start to take your benefits.
We've created factsheets that explain in detail about the limits on tax-relief and what happens if you exceed them. The majority of members won't be affected by these limits, but if you are a higher earner or are considering accessing retirement savings you've got elsewhere, we recommend taking a look. They've all be updated to take account of the changes announced in the Budget on 15 March 2023.
Find out about tax reliefs and exemptions for a number of personal savings methods
Get the detail on HMRC's Lifetime and Annual Allowance limits
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+
Changes to your Annual Allowance when you access a defined contribution pension.
How to pay an Annual Allowance tax charge from your retirement savings.
Group Life Assurance
If you die while you're working for Rolls-Royce and paying contributions into the Savings Trust, a lump sum will be paid to your beneficiaries, plus the value of your Savings Trust account.
You can see your personal level of cover in the TotalReward Portal. If you're logged into the Rolls-Royce network you can
access the TotalReward Portal without a username or password using our Single sign-on link.
If you're on a device that's not on the Rolls-Royce
network, you can log in with your username and password at
www.rolls-royce.com/totalreward.
Once you're logged in, click on Benefits and then head to the Your Insurances section. Group Life Assurance - Core shows the level of cover you receive contractually. Group Life Assurance - Flex shows the amount of any additional cover that you've purchased.
Current Savings Trust members can flex their level of life cover during the TotalReward annual election window. The annual election window opens every December - dates will be advised in advance through our internal communication channels.
Group Income Protection
As a member of the Rolls-Royce Retirement Savings Trust, you're covered by the company's Group Income Protection (GIP) arrangement. This provides an income in the event that you are unable to work due to illness or
injury. The benefit is calculated at 50% of your basic (or all-inclusive) salary and is payable
from the later of:
- 26 weeks of continuous absence, due to illness or injury
- the expiry of your Company sick pay
You can check you're covered by the GIP arrangement in the TotalReward Portal. If you're logged into the Rolls-Royce network you can
access the TotalReward Portal without a username or password using our Single sign-on link.
If you're on a device that's not on the Rolls-Royce
network, you can log in with your username and password at
www.rolls-royce.com/totalreward.
More detailed information about the GIP policy can be found here. As this is a Group Policy, there is not an individual policy document.
Getting help
The Rolls-Royce Retirement Savings Trust is administered by
Aviva in conjunction with the Rolls-Royce pensions team. Find out here 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
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.
Telephone: 01332 333335 (Monday to Thursday, 8am to Midday)
Email: pensions.web@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: enquiries@darwin.com
Write: Rolls-Royce Client Services Team, Darwin Benefits, 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.