Network Rail CARE Pension Scheme

Network rail care Pension SchemeYour Member s GuideThe bigger picture02 Additional Voluntary Contributionsis thename given to any contributions you pay aboveyour normal employee contributions to the Dateis 1 April each Allowance (AA)is the maximumvalue of benefits you can earn in any year underall your Pension arrangements. This usuallyincreases each tax year (see page 11). care Schemeis the Network rail CAREP ension Memberis a member who leavesthe care Scheme before Normal Pension Age and leaves their Pension deferred in theCARE a person who is married to you,in a civil partnership with you, or in the opinion ofthe Trustee is financially dependent (orinterdependent) on Capis the maximum amount ofPensionable Salary that can be used to calculateyour Pension benefit accrued in each SchemeYear. The earnings cap increases each tax year( 117,600 for 2008/09).Eligible Childis any one of your children whohas not yet reached 18 years old, or is under 23years old, but was in full-time education on their18th birthday and continues to be, or has adisability that means they are unable to earn Allowance (LTA)is the maximumvalue of tax efficient Pension savings you canbuild up during your lifetime as decided by HMRevenue and Customs.

06 Network Rail CARE Pension Scheme (12/09) Joining Who can join? You may join the CARE Scheme if you are offered membership of the CARE Scheme by Network Rail and are aged less than 65 years

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