It is likely that you have questions about your British Airways pension benefits. PO Box 2074. I am a spouse/partner or dependent of a member of NAPS. Pre-retirement Courses. Cost of living support. 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). 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. This can be found at the top of any personal communications we have sent to you. 8 Castle Street. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. The GMP is paid as part of your APS pension once you reach your GMP age. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. mybapension. A lump sum may be paid if no Adult Survivor’s pension is payable. 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 Pensionable Service to 31 March 2007 x your Retiring Pay ) divided by 52 Build-up rate (Flying Staff) or by 56 Build-up rate (Ground Staff). The tapered AA affects individuals with an ‘adjusted income’ of over £260,000 a year from April 2023 but only if their ‘threshold income’ exceeds £200,000. This brings the total 2023 pension increase for eligible pensions to 12. 1/67. Register for My Account. It is a domain having com extension. 1% of Band Earnings. 1/60. Your pension is worked out as a percentage of your salary, based on the years, months and days that. My Account is key to. 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). APS. 1/60. 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 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. Pre-retirement Courses. Your contributions are deducted automatically from your monthly. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. 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 March 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). Your total pay within a band set by the Government each year, currently between £6,136 and £50,000. The individual statements will show the new rate of. 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). Key facts: You can save any amount up to 50% of your gross taxable pay. Deferred members. 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). Four Trustee Directors are elected by APS members and pensioners as Member Nominated Directors. Glossary contains definitions of all the technical terms used on this website. 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). 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). 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). 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). 25% Ground Staff. mybapension. 6%. 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. 17. 25m could apply for the value of their pension benefits on 5 April 2014 to be protected up to a maximum value of £1. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. Pensions with Lifetime Allowance values between £10,000 and £30,000. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. The informant will need your pension reference number when calling the team. mybapension. BA Pensions service update. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. Assets held by Naps covered only 87. mybapension. mybapension. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. 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. We try to answer many of them here and you will also find lots of useful information within other areas of this site. January 2020. When you are approaching your Normal Retirement Age, we will write to you with full details of your pension benefits and your options relating to your pension about four months beforehand. Please use the online ‘ Contact us ’ form to request a CETV quotation, or call us on 020 8538 2100 (9am to 1pm, Monday to Friday). 4 billion). The Government increased the minimum age for early retirement to age 55 from April 2010. 7% & RPI was 8. 5%. If you are receiving a single pension entitlement from us, your pension reference number will usually be. mybapension. Members who expected their benefits at retirement to be more than £1. You can switch from one of the funds to another on the 1st day of any month. 6%. 24 March 2023. Or. The Corporate Trustee. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. May 24, 2018. Liverpool. Bekijk uw aanvullend pensioen. If you are a small or medium-sized business and would like to earn your company points when your employees travel. The GMP is paid as part of your APS pension once you reach your GMP age. The informant will need your pension reference number when calling the team. 6%. British Airways Pension Plan (BAPP) BA introduced BAPP for its existing employees on 1 April 2018. mybapension. That’s why we’ve created another way to access MyPBA through Login. mybapension. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. NAPS amendments to Trust Deeds since June 2019. The lump sum does not have to be paid to your spouse, partner or surviving dependant. 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. With this rate you pay the same Scheme contributions that you would pay for the standard 1/75 build-up rate but BA then covers the cost of the additional employer’s National Insurance Contributions (NICs), currently 3. If you haven’t used this site before, please use the details provided to you in your welcome pack. Aviva also offers mandatory and voluntary Scheme pays options. L69 2YL. British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. give you the flexibility to adapt to your changing lifestyle. If there are questions about your benefits that you would like to see answered on this site please let us know. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. The resources below can provide help and support during these challenging times. We provide a pay slip with your first pension payment. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. gov registration process, which includes setting up an email and password for future logins. We must receive your written instruction by the 20th of the month for the. 50%. 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. 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). At Normal Retirement Age. 1% of Band. 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 term of office for a Trustee Director is for a period of between five and five-and-a-half years. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. Our Absent Friends page includes details of former colleagues who have recently died. g. Or please use our online ‘ contact us ’ form to get in touch with us. mybapension. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. Members of APS. 50% ( Flying Staff) of your Pensionable pay. Employer Nominated Directors (ENDs) are appointed by BA, and Member Nominated Directors (MNDs) are elected by members and pensioners. 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. At Normal Retirement Age. The Trustee will continue to provide AA statements for members whose pension input amount exceeds the standard £60,000 AA. My BA Pension - Log in to mybapension online Log in Please make sure that you've registered for online communications using the details provided in your registration letter. com is for staff. You can do this by logging in to Mybapension online. The Glossary contains definitions of all the technical terms used on this website. 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 have your Aviva Plan number or. In addition to the contributions shown above, members who are under State Pension Age pay 3. 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 Airways Pension Scheme (APS) is an occupational final salary scheme. In addition to the contributions shown above, members who are under State Pension Age pay 3. 7 months full-time = 7 months. mybapension. The Government’s pension arrangements differ depending on whether you reach your State. Providing pension. These may have different NRA's; however, they must be treated. =. When I die. Pensions with Lifetime Allowance values between £10,000 and £30,000. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. 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 amount. 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). Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. Close. After being made redundant by British Airways last year, I have retrained as a teacher. When you start. mybapension. The informant will need your pension reference number when calling the team. Please visit the Government’s website for the. = £104,000. Please complete the United Kingdom payment instruction form for all payments within the UK. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. You will also need your Member Number, a Registration Code and Personal Identification Code. put you in control of your financial future and planning. In October 2018, the Trustee of the Lloyds Banking. Please use the online ‘ Contact us ’ form to request a CETV quotation, or call us on 020 8538 2100 (9am to 1pm, Monday to Friday). 1% of Band Earnings. = £104,000. The Government raised the. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. PO Box 2074. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. On this page are details of former colleagues who have recently passed away. You have choices, so decide for yourself what your. mybapension. 20 x £6,000 p. mybapension. 7 February 2023. mybapension. 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. However, APS members who leave British Airways and draw all their pension. = £120,000. Or, if you take a tax-free lump. com is a site for staff who joined British Airways before 1 April 2003 and are members of the Airways Pension Scheme (APS) or the 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. The standard build-up rate in NAPS Plan 60 was 1/75. 8 Castle Street. Looking for old news? mybapension. 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. Changes to public sector pension schemes. Serious ill health. mybapension. This is worked out as 20 times your annual rate of pension, e. Was this page useful? mybapension. mybapension. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. Avoiding scams. mybapension. 2. Then start a separate pension in. 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. Most APS pension payments are paid in arrears and are made by the last working day of each month. 1% of Band Earnings as a contribution to the Scheme unless you have chosen the 1/54 build-up rate (Flying Staff) or the 1/58 build-up rate (Ground Staff), in which case. Pension increases. Click here to read the most recent obituaries. = £120,000. British Airways Pension Services Ltd | 395 followers on LinkedIn. Your pension is flexible. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. 25% (Ground Staff) or 8. It is likely that you have questions about your British Airways pension benefits. Default build-up rate. Your first. It has a global traffic rank of #2510553 in the world. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. PO Box 2074. mybapension. You may need to check with your building society for the correct details to provide. 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. mybapension. 9% It’s these figures that. The LTA is currently c£1. *Option 55 is now closed to new joiners but existing Option 55 members currently have opportunities to switch off Option 55 within Plan 60 from 1 April or 1 October. The informant will need your pension reference number when calling the team. From 6 April 2016 members under State Pension Age, who have not selected the 1/54 (Flying Staff) or 1/58 (Ground Staff) pension build-up rate, pay an additional pension contribution of 3. If you are receiving a single pension entitlement. For others, such as becoming too. When you are approaching your NRA we will write to you with full details of your pension benefits and your options relating to your pension about four. mybapension. com is 2 decades 6 months old. The Scheme is still required to add inflationary increases - up to the. 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). Liverpool. If you are currently under State Pension Age you can choose to build your pension at a slower rate of 1/83 for future service. 50%. If you are making your normal Scheme contributions via BA's SmartPension arrangement the maximum AVC amount you can save is 50% of your Gross taxable pay after reductions. The informant will need your pension reference number when calling the team. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. You may change jobs while at BA, or even decide to leave BA. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. You can exchange part of your pension for a tax-free lump sum when you take your benefits. In addition, members under State Pension Age who have not chosen the 1/54 build-up rate (Flying Staff) or the 1/58 build-up rate (Ground Staff) pay an additional 3. All Staff – Plan 65. indd 2 22/08/23 3:43 PMPlease use the online ‘ Contact us ’ form to request a CETV quotation, or call us on 020 8538 2100 (9am to 1pm, Monday to Friday). To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. You may become a parent, get married or start a committed relationship. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 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. mybapension. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5 April 2016. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. Former BA Staff Absent Friends. You can also view your personal benefit statements if you usually receive these. Percentage of Pensionable Pay that you pay. A factor of 16 is used to work out the value of a final salary pension to compare against the AA, so this would be equivalent to a. The Scheme is still required to add inflationary increases - up to the. Cost of living support. mybapension. My BA Pension - Log in to mybapension online Log in Please make sure that you've registered for online communications using the details provided in your registration letter before logging in for the first time. 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. Before you change occupations you have two choices. 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 ). Your reference number: Your password: Forgotten your password? Having problems logging in? How to login How to Login Close Welfare, Social & Benefits. com. mybapension. · For most members, the allowable tax-free lump sum you can take across all your pension benefits, from NAPS and elsewhere, is capped at one quarter of the current LTA, amounting to £268,275. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. With myPension you can access your personal pension information,. If you need to report the death of a loved one, we also. You get automatic tax relief at your highest tax rate. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. What I get from my AVC account. mybapension. 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. 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). 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. 1 per cent of its expected liabilities, even though British Airways paid £1. mybapension. When you start. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. 8. I am separating. 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). 50% (Flying Staff) of your Pensionable Pay. mybapension. 7%). If you are in Plan 65, half the potential. 5. =. Your deferred pension is worked out using a standard formula: Retiring Pay x pensionable service. 1/67. You should give this option careful consideration as opting out means you will be giving up valuable pension scheme benefits. The Government gives. Or please use our online ‘ contact us ’ form to get in touch with us. The Government increased the minimum age for early retirement to age 55 from April 2010. | BA Pensions manages specialist teams dedicated to pensions and financial services. mybapension. If you elected to stop paying contributions and. At a glance. 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. mybapension. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. If you have a deferred pension in NAPS, this is due to be paid from your Normal Retirement Age (NRA) ( Plan 60 or Plan 65 ). marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. The secure site trusted by over 389,000 plan members. L69 2YL. or the Trustee at the following address: British Airways Pensions. APS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. 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 Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. The extra service after Normal Retirement Age for which you pay contributions, plus any increases to Pensionable Pay you receive after Normal Retirement Age, will be included in your. 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). We provide a pay slip with your first pension payment. Solitaire Rules The different piles. 8 Castle Street. You can contact the General Counsel at British Airways Pension Services Ltd. Close. BA Pensions have announced today that the scheme rises for APS will be 12. 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). You can contact us at any time from age 55 if you wish to draw a reduced pension. The PSTR number is 00302323RH. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. From then on your pension will be paid at the end of every month into your chosen bank or building society account. Email [email protected] to MyPension. The first payment is made at the end of the month after the month you retire. Your Dependent children can receive allowances on your death. British Airways has struck a deal to delay £450m of pension deficit contributions as the company struggles through Covid travel restrictions that have left most of its planes grounded during the. 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. PO Box 2074. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. The information on this site describes the benefits and options available from Part 6 of the Airways Pension Scheme. 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). Unlike the AA, any unused MPAA cannot be carried forward to later tax years.