Your deferred pension increases every year to help offset the effects of inflation. This happens on specific dates in the year, and it's worth knowing how this works, as it could help you to get a higher retirement pension...

When you became a deferred member of the scheme, we'll have written to you to let you know how much pension you'd earned in the Rolls-Royce UK Pension Fund and how it will increase in the period before you retire.

The easiest way to see what it's currently increased to is to get yourself an estimate on this website. The estimate will always show the value of your deferred pension when you stopped building up benefits in the scheme, and what it is today.

However, there are a few quirks in the way that deferred pensions increase, and knowing how to pick the right date in any given year is skill worth learning. That's because the increases are applied at specific points in the year, and you could end up with a higher level of pension by choosing wisely!

To learn more about how your deferred pension increases, please head to the Guides and Scheme Documents section of the website and download the guide for your section of the scheme. It'll tell you exactly how your pension increases in deferment, and give you tips for choosing the right retirement date.

The good news is that our online estimator takes all of this in its stride. So if you're preparing for retirement, make sure at the very least that you use it to check out different retirement dates throughout the year. And if you can, pick the retirement date that produces the best result for you.