Every April, eligible pensions receive an increase, with the intention of protecting the value of them against inflation.

The level of these increases are set by the rules of the scheme. They differ depending on which section of the scheme you're a member of and the period in which your benefits were earned..

The increases are based on a particular measure of inflation (either the Retail Prices Index (RPI) or the Consumer Prices Index (CPI), and most will have a cap that restricts the overall level of increase.

Right now, with inflation being five times higher than the Bank of England's target of 2%, all of our pension increases are being capped at the maximum levels allowed under the scheme rules.

Please click or tap here to view or download the detail of our April 2023 pension increases. You can find out which increases apply to you on the Rolls-Royce pensions website by heading to the My Pension & Increases page. The section of the scheme that you're in is always shown at the top of the web page.