So if you retire on 11 August, your first payment will be on 30 September and will include pension for the period 11 August to 30 September. Our Absent Friends page includes details of former colleagues who have recently died. mybapension. If you’d like to pay some or all of your AA tax charge from your BAPP account (or your Aviva General Investment Account (GIA) if you have one), please call Aviva Life & Pensions on 0345 030 7964 - the helpline is open Monday-Friday 8am-5:30pm. Scheme increases in NAPS are generally in line with the Government’s yearly Pensions Increase (Review) Orders (PIRO), up to a maximum of 5% in any year. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. com is for staff who joined British Airways before 1 April 2003 and are. PO Box 2074. If you are suffering from a life-threatening illness it may be possible to receive all of your pension as a tax-free lump sum (calculated on reduced terms) whilst continuing to provide a pension for your dependents should you die. 20 March 2018. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. After that we will only provide a pay slip if the amount you will receive changes by more than £0. BA has confirmed that Ian. 75%. If your NAPS membership ended after 31 March 2007 you will be entitled to a pension for pre 2007 service and a pension for post 2007 service. If there are questions about your benefits that you would like to see answered on this site please let us know. New retirement and transfer value factors are in full. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If your deferred pension has a cash equivalent value of £10,000 or less, you can exchange it for a one-off small lump sum at any time after GMP Age (age 65 - men; age 60 - women) or from age 50 if your pension does not include a Guaranteed Minimum Pension (GMP) entitlement. It is likely that you have questions about your British Airways pension benefits. The informant will need your pension reference number when calling the team. You can access your pension statements, modeller, payslips and more online. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. Write to us at: British Airways Pensions. In 2001, Gov. What you get from NAPS will depend on your Qualifying service (the period of time you paid contributions to the Scheme), adjusted for any changes in your BA occupations prior to 31/3/07 (such as a move from Flying Staff to Ground Staff), plus any service you transferred into the Scheme. mybapension. At Normal Retirement Age. Changes to public sector pension schemes. The Government’s pension arrangements differ depending on whether you reach your. PO Box 2074. If you choose to have your lump sum paid into your account in the British Airways Pension Plan (BAPP) this will not affect the NAPS benefits you have built up to 31 March 2018. In addition to the contributions shown above, members who are under State Pension Age pay 3. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. Your deferred pension is worked out at date of leaving as a percentage of your salary, based on the years, months and days that you've been a member of the Scheme (your Pensionable Service ), adjusted for any changes in your BA occupations prior to 1 April 2007 (such as a move from Flying Staff to Ground Staff), plus. December 2021 Page 3 of 6 British Airways Pensions Divorce debits that are effective on or after 6 April 2014 may affect any Lifetime Allowance Individual Protection (IP14 - or IP16 from April 2016) that the member may have obtained from HM Revenue & Customs (HMRC). The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. Your pension is flexible. 1% of the Band Earnings. You can choose to use it all to provide a monthly income, or take part of it as a lump sum on retirement. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is removed and. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. gov. 5% from 10 April 2023. What you get at retirement. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. If you die whilst an active member of the Scheme - the allowance is calculated as one-sixth of the basic pension you would have received for the years, months and days that you have been in the Scheme plus half the time remaining between the date of your death and Normal. Glossary. The lump sum is free of inheritance tax. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension. If you have registered for online communications, you can update your UK bank details online at If you prefer to send your new details by post, please complete the United Kingdom payment instruction form for all payments within the UK. We will issue a pension increase statement each year, usually near the end of April, with full details of the increase that will apply to your pension and this will include a P60 certificate. If you have registered for online communications, you can update your UK bank details online at If you prefer to send your new details by post, please complete the United Kingdom payment instruction form for all payments within the UK. mybapension. The funding level had therefore improved since the last valuation, on. If you have registered for online communications you can submit your Notice of Wish directly to the Pensions team by logging into Mybapension online and filling in the online Notice of Wish. You may need to check with your building society for the correct details to provide. Payment of any Discretionary Increase and/or backdated payments may affect your entitlement to Pensions Credit. com is for staff. The LTA is currently c£1. Scheme updates. Alternatively, the informant can fill in our ' Death notification. Liverpool. The Corporate Trustee. com is 2 decades 6 months old. L69 2YL. The Airways Pension Scheme (APS) is an occupational final salary scheme. 2. If there are questions about your benefits that you would like to see answered on this site please let us know. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Update your personal information. This helpline is open Monday to. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. a. Je pensioen, dat is iets om naar uit te kijken! Je bent op de juiste plek om je pensioen aan te vragen. ”. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you have a tax query, please call the tax office on 0300 200 3300 or write to: PAYE. We offer three AVC investment funds: The Equity Biased Fund (EBF) The Short-dated Gilts Fund (SGF) The Mixed Portfolio Fund (MPF) You can divide your AVCs between any of these funds. The Government raised the minimum retirement age to age 55 from 6 April 2010. AVC funds. mybapension. mybapension online. L69 2YL. 50%. Former BA Staff Absent Friends. Download and print the. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS). The password you should use to register on the website is the one provided in your original registration letter or any reminder letter we have sent to you. Total pensionable service = 11 months (or 91. Since 6 April 2016, if you are under State Pension Age you also pay 3. The standard build-up rate in NAPS Plan 60 was 1/75. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. 25% Ground Staff. Alternatively, the informant can fill in our ' Death notification. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The amount. The Government’s pension arrangements differ depending on whether you reach your State. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). You may change jobs while at BA, or even decide to leave BA. This allowable tax-free lump sum limit will. Register for My Account. BA Pensions service update. You can contact the General Counsel at British Airways Pension Services Ltd. Carry on paying into your BA pension. More about defined contribution schemes. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Serious ill health. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Hover over or click on the individual bars to see the interest rate for each specific month: For example, if you had an EBF balance of £1,000 on 1 April and the total monthly rate for each of the following 12 months was 0. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. The Scheme’s funding deficit on 31 March 2021 was £1. Our 2021 Annual Report and Financial Statements now available. mybapension. This can be paid at, or after, your Normal Retirement Age, or you can choose to draw a reduced pension from the age of 50 or even earlier if you become too ill to work. Hover over or click on the individual bars to see the interest rate for each specific month: For example, if you had an EBF balance of £1,000 on 1 April and the total monthly rate for each of the following 12 months was 0. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Key facts: You can save any amount up to 50% of your gross taxable pay. The individual statements will show the new rate of. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. If you no longer have access to this email address please contact the Pensions Team on 0208 5382100 for assistance. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). g. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Providing pension benefits administration and finance operations for 110,000 members. L69 2YL. What you get at retirement. What you pay. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. L69 2YL. My deferred pension. The PSTR number is 00302323RH. The Scheme is still required to add inflationary increases - up to the. If there are questions about your benefits that you would like to see answered on this site please let us know. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 00%. Your deferred pension is worked out at date of leaving as a percentage of your salary, based on the years, months and days that you've been a member of the Scheme (your Pensionable Service ), adjusted for any changes in your BA occupations prior to 1 April 2007 (such as a move from Flying Staff to Ground Staff), plus. The PSTR number is 00302323RH. The additional pension can be paid to a dependant other than your spouse or partner and your Dependent Children or you can use this option to increase the standard spouse or partner cover or Dependent children's cover. 50% ( Flying Staff) of your Pensionable pay. Or please use our online ‘ contact us ’ form to get in touch with us. mybapension. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you have registered for online communications you can submit your Notice of Wish directly to the Pensions team by logging into Mybapension online and filling in the online Notice of Wish. The standard Annual Allowance is currently £60,000 a year. L69 2YL. Telephone +44 (0) 203 691 3215. Information on the British Airways Money Purchase (BAMPS) section of NAPS, which closed to active members on 1 October 2012, is available in the Deferred members area of this website. Member hub. 50% (Flying Staff) of your Pensionable Pay. British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. This form is now available as an online form, which you can submit directly to the Pensions team. Glossary contains definitions of all the technical terms used on this website. 20 x £6,000 p. If you are receiving a single pension entitlement. com is for staff. In October 2018, the Trustee of the Lloyds Banking. g. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Our Absent Friends page includes details of former colleagues who have recently died. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Yes No. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. mybapension. You may become a parent, get married or start a committed relationship. If you are in Plan 65, half the potential. I have two BA pensions. Defined Contribution Members. · For most members, the allowable tax-free lump sum you can take across all your pension benefits, from APS and elsewhere, is capped at one quarter of the current LTA amounting to £268,275. mybapension. mybapension. PO Box 2074. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. Write to us at: British Airways Pensions. 56% interest. Your basic pension = (your Pensionable Service x your Retiring Pay) divided by 52 build-up rate ( Flying Staff) or by 56 build-up rate (Ground Staff). The standard rate at which your pension builds up is 1/75 (for both Flying Staff and Ground Staff) for which you pay contributions of 5. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The value of your BA benefits to compare against the LTA is worked out as 20 times your annual rate of pension plus any AVCs. On this page are details of former colleagues who have recently passed away. The standard Scheme contributions are: 7. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Liverpool. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Your total pay within a band set by the Government each year, currently between £6,136 and £50,000. 19. What BA pays. mybapension. Pre-retirement Courses. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. mybapension. Cost of living support. When you leave BA you can leave your pension in APS or transfer it elsewhere. Our telephone service is currently available between 9am and 1pm, Monday to Friday. The Annual Allowance (AA) is the maximum amount by which your pension savings, including any AVCs, can increase in any year without incurring a tax charge. The LTA is currently c£1. This can be found at the top of any personal communications we have sent to you. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. It is likely that you have questions about your British Airways pension benefits. Or please use our online ‘ contact us ’ form to get in touch with us. However, this will vary according to your age when. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. Your BA pension is only part of the income you will receive on retirement. You can also view your yearly deferred pension statements if you usually receive these. 25% ( Ground Staff) or 8. If you are receiving a single pension entitlement from us, your pension reference number will usually be. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). When you start. 2 Contents 04 Welcome to your pension 08 How much should I save? 16 How is my money invested? 33 Know your funds 39 Your choice of funds 43 Keeping track of your pension 49 Frequently-asked questions 57 Get in touch AV941280_NGS47333A1_MM39066_0823. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. BA Pensions have today published member updates on their website for both APS & NAPS. Alternatively, contact BA Pensions for a provisional quote at any time. The password you should use to register on the website is the one provided in your original registration letter or any reminder letter we have sent to you. The first is a final salary NAPS (New Airways Pension Scheme) that I contributed to. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. From then on your pension will be paid at the end of every month into your chosen bank or building society account. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. The tapered AA. 1% of Band Earnings . British Airways Pensions Services. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. BA Pensions service update. This allowable tax-free lump sum limit will. The resources below can provide help and support during these challenging times. mybapension. PO Box 2074. PO Box 2074. With BA pensions, you have a good basic package but you can improve it by saving more. Liverpool. . From State Pension Age you will also receive a pension from the government if you have paid sufficient National Insurance Contributions over your working lifetime. Insurance · United Kingdom · <25 Employees. The PSTR number is 00306884RH. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). This means that the value of your investment can go down as well as up depending on the performance of the stock market in future years. From then on your pension will be paid at the end of every month into your chosen bank or building society account. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension. Was this page useful? mybapension. We provide a pay slip with your first pension payment. If you leave your pension with BA it is called a deferred pension. BA Pensions Service Updates. The value to be tested against the LTA is worked out by multiplying the gross (i. mybapension. If you have a tax query, please call the tax office on 0300 200 3300 or write to:The first payment is made at the end of the month after the month you retire. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). NAPS factor changes from 1 April 2020. 1. You should give this option careful consideration as opting out means you will be giving up valuable pension scheme benefits. or the Trustee at the following address: British Airways Pensions. mybapension. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). So if you retire on 11 August, your first payment will be on 30 September and will include pension for the period 11 August to 30 September. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. The government’s pension arrangements differ depending on whether you reach your. Putting members first. The monthly contribution you make includes a 1. Pre-retirement Courses. Alternatively, contact BA Pensions for a provisional quote at any time. indd 2 22/08/23 3:43 PMUsing a Chrome or Edge browser, navigate to the MyPBA homepage screen and then click on the “My 1099 form (s)” icon. = £104,000. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). mybapension. On this page are details of former colleagues who have recently passed away. mybapension. The Government raised the minimum retirement to age 55 from 6. 5% Flying Staff. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If, as a result of separating from your spouse or partner, you want to stop making the additional payment, you can do so for the future by filling out the Adult Survivor's pension opt out form or by writing to us, giving at least one calendar. It is the member’s responsibility to assess whether they are affected by the tapered AA and to calculate the amount of their reduced AA. Annual Report on the Socially Responsible Investment Programme for the year to 31 March 2018. mybapension. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. Members who expected their benefits at retirement to be more than £1. For some of these life changes, you may need to reconsider what you are paying into your BA pension. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Your pension is paid from the day after you retire. Deferred members. Once we have received your final pension contributions to NAPS, any Additional Voluntary Contributions (AVCs) and confirmation of the transitional option you have chosen, we’ll work out your. AVC funds. 17. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Pensioner hub. It is likely that you have questions about your British Airways pension benefits. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Close. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. Liverpool. The 2023 Pension Increase is 5%. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 1/67. As the settlement has been approved, we expect to make payment of the arrears payable backdated to 6 April 2019 with your pension payment in December 2019. mybapension. We may also hold and process some special categories or "sensitive. The settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. mybapension. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Close. Search APS: mybapension online. More than £4 billion of pensioner benefits insured. However, APS members who leave British Airways and draw all their pension. mybapension. Your BA pension is only part of the income you will receive on retirement. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. mybapension. State Pension age is now equal for men and women (and gradually rising to 68 for people born after 6 April 1970), but the ages that GMPs apply from have not changed. Cost of living support. 5m (IP2014). Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. mybapension. The Government raised the minimum. There are two types of trustee directors. 8. Employee Self Service - Logout. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. Bekijk uw aanvullend pensioen. Please visit the Government’s website for the. I left before 1 April 2007. Looking for old news? mybapension. | BA Pensions manages specialist teams dedicated to pensions and financial services. 1% of Band Earnings. The Orders currently reflect. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. before tax is deducted) yearly rate of the pension you are currently receiving (on the date you are due to start receiving your remaining benefits) by 25. The Corporate Trustee. If the value of your pension benefits from all UK registered pension schemes exceeds the LTA at the point you draw them, you will incur a tax charge on the amount over the LTA in force at that date. Trust Deed and Rules. 1% of Band Earnings. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. The maximum amount of AVCs (normal AVCs, SmartAVCs, lump sum AVCs or a combination) you can save in the BA AVC funds is 50% of your Gross taxable pay. At Normal Retirement Age. Liverpool. mybapension.