About TfL Pension Fund
The Fund is a defined benefit pension scheme designed to give you financial flexibility and security both now and in retirement.
Retirement may seem a long way off now, but planning how to provide for the future for you and your family is one of the most important decisions you will have to make.
Your pension from the Fund is based on the level of your pensionable salary and the length of your pensionable service. In addition the Fund provides other benefits which may be payable to your family or dependants if you die while you are still working for your employer, after you have retired or if you have a deferred pension with the Fund.
Your contribution to the Fund only goes part of the way to providing the benefits payable. In addition to your contribution, your employer funds the balance of the cost of providing your benefits under the Fund. You get tax relief on your contributions (subject to HM Revenue & Customs (HMRC) restrictions.
The Fund is regulated under UK pension legislation. It is separate from the employer, and its assets are held on members’ behalf by the Trustee. The Fund is fully endorsed by the Trades Unions.
This website is designed to help you understand your pension.
