I am separating. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. Scheme information. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. 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. Scheme updates. BA Pensions Service Updates. Four Trustee Directors are elected by APS members and pensioners as Member Nominated Directors. My deferred pension. Or please use our online ‘ contact us ’ form to get in touch with us. L69 2YL. This can be found at the top of any personal communications we have sent to you. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. 17 billion (2018: £19. I'm leaving BA. mybapension. a. The information on this site describes the benefits and options available from Part 6 of the Airways Pension Scheme. mybapension. 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. You will then need to register and confirm your details. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. FAQs. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. Telephone +44 (0) 203 691 3215. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. 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). Log in to see the personal statements and tools available to you. 24 March 2023. 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. 1. Key facts: You can save any amount up to 50% of your gross taxable pay. mybapension. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. 5m (IP2014). If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). 56% interest. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. com is for staff. 17. A lump sum may be paid if no Adult Survivor’s pension is payable. It is a domain having com extension. =. There is no provision under the Scheme rules to cancel your opt out instruction once it. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Deferred members. 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. 7 months full-time = 7 months. The GMP is paid as part of your APS pension once you reach your GMP age. We must receive your written instruction by the 20th of the month for the. The first payment is made at the end of the month after the month you retire. Protections are available and further information is. The GMP is paid as part of your NAPS pension once you reach your GMP age. With BA pensions, you have a good basic package but you can improve it by saving more. The Scheme’s funding deficit on 31 March 2021 was £1. mybapension. These may have different NRA's; however, they must be treated. Search NAPS: mybapension online. When I die. You can take your benefits any time from age 55 if you wish. mybapension. mybapension. 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. You may need to check with your building society for the correct details to provide. mybapension. 50%. mybapension. In October 2018, the Trustee of the Lloyds Banking. The TCFD developed a framework to help public companies and other organisations disclose climate-related risks and opportunities. You will also need your Member Number, a Registration Code and Personal Identification Code. 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. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). 25% of Pensionable Pay. With this rate you pay the same Scheme contributions that you would pay for the standard build-up rate 1/52 (Flying Staff) or 1/56 (Ground Staff) but BA then covers the cost of the. 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). ”. BA Pensions service update and new NAPS FAQs - 27 March 2020. 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. The Orders currently reflect. 1. mybapension. The soaring cost of gas, electricity, groceries and petrol – combined with global supply-chain disruptions – are increasing the current cost of living from every direction. This is currently paid tax-free. The standard Scheme contributions are: 7. com. News articles are published on the APS and NAPS websites. mybapension. We may also hold and process some special categories or "sensitive. 17. Your BA pension is only part of the income you will receive on retirement. mybapension. or the Trustee at the following address: British Airways Pensions. If you do not have a user ID, you can request one from your NHS Pensions contact. com. mybapension. mybapension. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. 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). 1 per cent of its expected liabilities, even though British Airways paid £1. If you are receiving a single pension entitlement. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). Before you change occupations you have two choices. The Glossary contains definitions of all the technical terms used on this website. The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. mybapension. com is for staff who joined British. mybapension. 6%. If you leave your pension with BA it is called a deferred pension. The Trustee Directors of APS and NAPS are the Directors of BAPTL. Our telephone service is currently available between 9am and 1pm, Monday to Friday. The Scheme’s liabilities, or Technical Provisions* (the value of the pension benefits the Scheme expects to pay out over time) had increased to £21. If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. The informant will need your pension reference number when calling the team. mybapension. 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. What you get at retirement. 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). 25% (Ground Staff) or 8. You can exchange part of your pension for a tax-free lump sum when you take your benefits. put you in control of your financial future and planning. 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 there are questions about your benefits that you would like to see answered on this site please let us know. 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. Our Absent Friends page includes details of former colleagues who have recently died. 99. If you have a defined contribution pension scheme, you can usually access your pension savings from age 55. Pensions with Lifetime Allowance values between £10,000 and £30,000. 1/75. On this page are details of former colleagues who have recently passed away. 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. Mybapension. mybapension. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Former BA Staff Absent Friends. mybapension. NAPS amendments to Trust Deeds since June 2019. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. mybapension. I'm changing jobs. 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). Please visit the Government’s website for the. L69 2YL. 5% payment for an Adult Survivor's pension on your death. You may change jobs while at BA, or even decide to leave BA. The Government raised the minimum retirement age to age 55 from 6 April 2010. You have choices to pay more and also have security for your family and in case you fall ill before retirement. That’s why we’ve created another way to access MyPBA through Login. 19 hours ago · After almost seven weeks of devastating conflict between Israel and Hamas, a deal to secure the release of 50 women and children held hostage by the Islamist. FIND OUT MORE Documents We’ve put all the relevant Scheme documents in. Retiring Pay - this is usually the average of your pensionable pay over the last two years (or three years in APS Part 5) of pensionable service. This brings the total 2023 pension increase for eligible pensions to 12. = £104,000. You cannot give or 'assign' your benefits to anyone else. The Government gives. You can choose to take up to 25% of your pension savings as a tax-free lump sum, with. The lump sum is free of inheritance tax. This takes you to a page featuring “My Plans. mybapension. The LTA is currently c£1. British Airways Pensions Services. 4 billion in an insurance policy with Legal & General Assurancemybapension. PO Box 2074. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme. mybapension. 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. 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). Absent Friends Supplied by British Airway PensionsThe government gives. mybapension. With the appointment of a professional trustee as Chair, BA has announced that Dalriada Trustees Limited, represented by Tom Lukic, will be stepping down from the NAPS Trustee Board. We may also hold and process some special categories or "sensitive. This can be found at the top of any personal communications we have sent to you. The government’s pension arrangements differ depending on whether you reach your. Or, if you take a lump sum, the LTA value would be the cash value of your lump sum plus 20 times your remaining annual pension: lump sum of £20,000 plus 20 x £4,200 p. Mixed Portfolio fund (MPF) The MPF is like a unit trust fund, which means your investment is used to buy units of (mainly UK and overseas) stocks and shares. The first payment is made at the end of the month after the month you retire. mybapension. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. This is worked out as 20 times your annual rate of pension, e. The PSTR number is 00302323RH. After that we will only provide a pay slip if the amount you will receive changes by more than £0. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is removed and. We provide useful resources and technical information about the Scheme, such as the Member Handbooks and leaflets, The Trust Deed and Rules of the Scheme, as well as NAPS valuation reports, Annual Report & Financial Statements, and documents on the Responsible Investment page which provide information about how the Trustee and. Welfare, Social & Benefits. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. 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. We will provide you with a statement each year. Once you reach age 65 (men) or age 60 (women) the Scheme is no longer responsible for increasing the amount of GMP built up to 5 April 1988 and is only responsible for any increases due up to 3% a year on the GMP built up since 5. mybapension. Don't get stung! Get authorised help and advice about your NAPS pension. You can also view your yearly deferred pension statements if you usually receive these. 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 Registration Code and the Personal Identification Code is provided by the Pension Service Centre. If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. 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). 17. In APS, you pay a standard rate of 7. It has a global traffic rank of #2510553 in the world. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. Can I draw my deferred pension early? If you left employment with BA and left your pension in the Scheme you can draw your benefits any time from age 50 if you wish (subject to certain conditions – see below). The Government increased the minimum age for early retirement to age 55 from April 2010. 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 APS Discretionary Increase Settlement makes provision for payment of a Discretionary Increase in 2020 of 75% of the gap between RPI and the Government’s PIRO increase for 2020 (The PIRO increase is expected to be 1. NAPS closure – latest news. The standard Annual Allowance is currently £60,000 a year. mybapension. 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. AVC funds. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. Close. If you leave your pension in APS it is called a deferred pension. The investment objective for the MPF is reviewed. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. Liverpool. Looking for old news? mybapension. · 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. 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. 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. Send a message via ' Contact us '. Carry on paying into your BA pension. 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). £21. The LTA is currently c£1. 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. 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 number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. Or please use our online ‘ contact us ’ form to get in touch with us. mybapension. Or, if you take a tax-free lump. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. 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 value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. Covid-19: Important update about our services - 17 March 2020. We’ve made improvements to myPension – your online pension tool. 8 Castle Street. mybapension. Write to us at: British Airways Pensions. Was this page useful? mybapension. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. The PSTR number is 00306884RH. Alternatively, contact BA Pensions for a provisional quote at any time. Glossary contains definitions of all the technical terms used on this website. mybapension. com. You get: a 'Post 2007' service pension worked out as 1/60 of your pay at retirement for every year of Pensionable Service in Plan 60 between 1 April 2007 and 30 September 2010, plus 1/75 of your pay for every further. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. 99. If you are currently paying lower contributions to build your pension up at the lower rate of 1/83, this portion of your pension will be calculated using the 1/83 build-up rate. 5% from 10 April 2023. If you are a small or medium-sized business and would like to earn your company points when your employees travel. Threshold income is all income subject to income tax, including: You should contact BA for clarification as to what pension contributions should be added back in. 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% of Band Earnings. = £120,000. 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). The informant will need your pension reference number when calling the team. There are choices within NAPS that will: meet your needs now and in the future. Trust Deed and Rules. More than £4 billion of pensioner benefits insured. 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. 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 monthly contribution you make includes a 1. Carry on paying into your BA pension. 33 billion). Click here to read the most recent obituaries. You may become a parent, get married or start a committed relationship. 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. If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. = £120,000. mybapension. Members of APS have some protection. You have one opportunity to make a transfer of part (or all of your AVC Account ) the time of, at or before, drawing your main Scheme pension. Your Post 2007 service pension is a percentage of your pay at retirement for service you have completed after 1 April 2007 in either Plan 60 or Plan 65. Then click on the blue “Show selected tax forms” button to download your PDF tax. Members of earlier parts of the Airways Pension Scheme (Parts 1 – 5) should contact BA pensions with any specific. Pensions. October 2019. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Tel: 020 8538 2100. mybapension. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. Bekijk uw betalingen. If you retire early, any pension paid before its relevant Normal Retirement Age will be reduced because you and BA will have paid fewer contributions than expected to fund your final benefits and the pension will be paid for a longer period of time. Paying the NAPS transitional option into the new scheme. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. 1/60. A pension of two-thirds of the pension you earned whilst paying the higher contributions towards an Adult Survivor’s pension (before any adjustments to your own pension such as taking a tax-free lump sum or any early retirement reduction) will automatically be paid to your husband, wife or civil partner. You may need to check with your building society for the correct details to provide. These increases are part of your rights and are not discretionary. Looking for old news? mybapension. 75%. The lump sum is free of inheritance tax. January 2022 obituaries. 00%. The Trustees of your pension scheme carry out a check on the charges deducted from your pension pot and, as a minimum, the fund (s) you're invested in if you don't make your own choice. Your BA pension is only part of the income you will receive on retirement. The standard build-up rate in NAPS Plan 60 was 1/75. Email membership@ba. Members of APS have some protection. 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). The normal Scheme increase. You can switch from one of the funds to another on the 1st day of any month. With myPension you can access your personal pension information,. 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. They are: The Stock: The pile of facedown cards in the upper left corner. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. Update your personal information. APS. 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 are receiving a single pension entitlement. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. 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. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. Then start a separate pension in. 8 Castle Street. You get automatic tax relief at your highest tax rate. Providing pension. This can be paid at, or after 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. 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). BA Pensions service update. =. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Pensioner hub. Please complete the United Kingdom payment instruction form for all payments within the UK. Alternatively, the informant can fill in our ' Death notification. The Scheme is still required to add inflationary increases - up to the. Your BA pension is only part of the income you will receive on retirement. ’ page of our website, 1. Write to us at: British Airways Pensions. This can be found at the top of any personal communications we have sent to you. mybapension. Alternatively, the informant can fill in our ' Death notification. 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). 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. L69 2YL. 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). January 2020. Percentage of Pensionable Pay that you pay. 7 February 2023. My Account is key to. PO Box 2074. 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. Your pension is flexible. Throughout your time at BA your circumstances may change. mybapension. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5. This is provided by the Mercer Master Trust and is called the MMT – BAE Systems Retirement Savings Plan and is administered by Scottish Widows. 4 billion). At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. Search APS:. We try to answer many of them here and you will also find lots of useful information within other areas of this site. 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. Your contributions are deducted automatically from your monthly. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. 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. May 24, 2018. 15bn in deferred contributions into the scheme between April 2018 and March 2020. 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. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. We try to answer many of them here and you will also find lots of useful information within other areas of this site. When you leave BA you can leave your pension in APS or transfer it elsewhere. 22. 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). Then divide this by the current LTA and multiply by 100 to work out the percentage of your LTA you have. 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 a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. You have choices, so decide for yourself what your. Your NAPS deferred pension statement – NAPS is closing to further pension build-up on 31 March 2018. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. The lump sum does not have to be paid to your spouse, partner or surviving dependant. Your APS Trustee has invested just under £4. 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).