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 will normally work out and pay your deferred pension from the same day of any month on which your birthday falls, so if your birthday is 23rd August but you want to draw your pension in March, we will work out and pay your pension from 23rd March. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be optimally indexed by Google via AI and sorted into the right category for over 500 million ePaper readers on YUMPU. The Government’s pension arrangements differ depending on whether you reach 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 value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. October 2019. mybapension. I left before 1 April 2007. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. The Government raised the minimum retirement age to age 55 from 6 April 2010. mybapension. The first payment is made at the end of the month after the month you retire. Your pension is flexible. 18th October 2023 saw the official ONS release of UK inflation figures for September. There are choices within NAPS that will: meet your needs now and in the future. British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. 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. 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' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). Avoiding scams. The first is a final salary NAPS (New Airways Pension Scheme) that I contributed to. Telephone +44 (0) 203 691 3215. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. mybapension. 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. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. 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. 50%. 24 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). Total Reward Statement Portal. British Airways Pension Services Ltd | 395 followers on LinkedIn. mybapension. Liverpool. mybapension. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. We provide a pay slip with your first pension payment. FAQs. 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). Aviva also offers mandatory and voluntary Scheme pays options. 25% (Ground Staff) or 8. mybapension. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. Our Absent Friends page includes details of former colleagues who have recently died. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. 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. 99. We try to answer many of them here and you will also find lots of useful information within other areas of this site. 1. 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. If you leave your pension with BA it is called a deferred pension. The monthly contribution you make includes a 1. Throughout your time at BA your circumstances may change. 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). Former BA Staff Absent Friends. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Pension increases. 5% Flying Staff. 24 March 2023. 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. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. 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 Glossary contains definitions of all the technical terms used on this website. 1% of Band. Annual Report on the Socially Responsible Investment Programme for the year to 31 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 Airways Pension Scheme (NAPS). The Trust Deed and Rules provide that, of the eight. mybapension. Your Dependent children can receive allowances on your death. 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. Information Information about the Scheme, pension guidance, and accessing your pension details. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. NAPS amendments to Trust Deeds since June 2019. Details of all charges that apply to your scheme, your Trustees' assessment of value for money, and your Trustees' investment governance activity are shown in. 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). It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 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). 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). I am a spouse/partner or dependent of a member of NAPS. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. If you've already received a user ID, you can log in using your username and password. 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). mybapension. If you leave your pension in APS it is called a deferred pension. Write to us at: British Airways Pensions. Email [email protected] to MyPension. 25% (Ground Staff) or 8. 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 day ago · The Financial Times has convened a panel of experts to answer your questions about how the measures might have an impact on your personal finances. You can also view your personal benefit statements if you usually receive these. The information on this site describes the benefits and options available from Part 6 of the Airways Pension Scheme. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). 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). I will work beyond Normal Retirement Age. We provide a pay slip with your first pension payment. 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. L69 2YL. It is likely that you have questions about your British Airways pension benefits. Ontdek hoe eenvoudig het is in onze tutorial! Check uw pensioendatum. You can choose to use it all to provide a monthly income, or take part of it as a lump sum on retirement. These can be downloaded from the latest news pages for. BA Pensions service update. 50%. You pay a standard rate of 7. Your pension is paid from the day after you retire. 7 February 2023. These increases are part of your rights and are not discretionary. 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. NAPS Top 100 Equity Holdings list. You get automatic tax relief at your highest tax rate. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. 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. 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). These may have different NRA's; however, they must be treated. 99. This brings the total 2023 pension increase for eligible pensions to 12. This allowable tax-free sum limit will remain. mybapension. Payment of any Discretionary Increase and/or backdated payments may affect your entitlement to Pensions Credit. Mybapension. When I die. com is 2 decades 6 months old. mybapension. 5 March 2018. Please complete the United Kingdom payment instruction form for all payments within the UK. This limit is called the Annual Allowance (AA). You may become a parent, get married or start a committed relationship. 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). 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). Bekijk uw betalingen. mybapension. 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 tax query, please call the tax office on 0300 200 3300 or write to: PAYE. AVC-only transfer options . 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). On this page are details of former colleagues who have recently passed away. Telephone +44 (0) 203 691 3215. 22. 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. 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. 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. Welfare, Social & Benefits. 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. The Trustee will continue to provide AA statements for members whose pension input amount exceeds the standard £60,000 AA. 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. mybapension. 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. mybapension online. We will provide you with a statement each year. If you are receiving a single pension entitlement. 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 move from Flying Staff to Ground Staff or vice versa your Normal Retirement Age, pension Build-up rate and pension Contribution rate will change. com. PO Box 2074. Get a pension estimate instantly. Click here to read the most recent obituaries. With myPension you can access your personal pension information,. or the Trustee at the following address: British Airways Pensions. 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. Percentage of Pensionable Pay that you pay. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. com. · 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. 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. This can be found at the top of any personal communications we have sent to you. You pay a standard rate of 7. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. mybapension. mybapension. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. 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. 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. There are two types of 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). 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. 20 March 2018. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. Please have your Aviva Plan number or. This can be found at the top of any personal communications we have sent to you. PO Box 2074. 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. Alternatively, the informant can fill in our ' Death notification. mybapension. Looking for old news? 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. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. 17 March 2023. mybapension. If you have any concerns, you should contact the Pension Credit helpline on 0800 731 0469. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. Contact Aviva directly on 0345 030 7964. Protections are available and further information is. 24 March 2023. Employer Nominated Directors (ENDs) are appointed by BA, and Member. com. Alternatively, contact BA Pensions for a provisional quote at any time. The first payment is made at the end of the month after the month you retire. mybapension. PO Box 2074. mybapension. A Late retirement increase will be added to your Pre 2007 service pension and you will have five choices in respect of your pension, which are. 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. Your BA pension is only part of the income you will receive on retirement. Glossary. com. As an illustration, at age 60, the amount of tax-free lump sum available for every £1 of pension exchanged could be around 21% higher. 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. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. The informant will need your pension reference number when calling the team. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). Percentage of Pensionable Pay that you pay. You will need your National Insurance Number and Date of Birth to register for MyPension. 20 x £6,000 p. 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. mybapension. Your pension is worked out as a percentage of your salary, based on the years, months and days that. 1/67. My Account is key to. 8 Castle Street. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. May 24, 2018. The Scheme’s funding deficit on 31 March 2021 was £1. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. mybapension. Changes to my life. To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts (at retirement or if you take Flexible Retirement ). Employer Nominated Directors (ENDs) are appointed by BA, and Member Nominated Directors (MNDs) are elected by members and pensioners. 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 also view your yearly deferred pension statements if you usually receive these. Looking for old news? 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 APS Trustee has invested just under £4. 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. APS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. The Government raised the minimum. So if your BA pension at retirement is £6,000 a year and you have an AVC balance of £5,000, the value of your pension is worked out as follows: 20 x £6,000 a year + £5,000 = £125,000. Four of the Trustee Directors are appointed by British Airways as Employer Nominated Directors (ENDs). 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. What I get from my AVC account. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. Email (Outlook Web App OWA) > Your ESS ApplicationsThis part of your pension is due at your old Normal Retirement Age (NRA), which is age 55 for Flying Staff, or age 60 for Ground Staff. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. 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. Your scheme administrator should be the first point of. Your contributions are deducted automatically from your monthly. Our telephone service is currently available between 9am and 1pm, Monday to Friday. You can contact us at any time from age 55 if you wish to draw a reduced pension. 1% of the Band Earnings. 1. mybapension. 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. 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. 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 ). The Scheme is still required to add inflationary increases - up to the. You cannot give or 'assign' your benefits to anyone else. The New Airways Pension Scheme (NAPS) is an occupational final salary scheme. NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. 5. or the Trustee at the following address: British Airways Pensions. 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). This allowable tax-free lump sum limit will. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. You get automatic tax relief at your highest tax rate. In other words, if you choose to draw your pension on or after 1 October 2023, you will need to exchange less of your pension when taking a tax-free lump sum. Global Vote Activity for the year to 31 March 2018. The Lifetime Allowance (LTA) The lifetime allowance (LTA) is £1,073,100 from April 2020. mybapension. Under BAMPS, you can take 25% of your fund as a tax-free cash lump sum and use the remaining balance to buy a pension from NAPS or an insurance company using the money that has built up in your individual retirement account to this earlier retirement date. Defined Contribution Members. Search APS: mybapension online. 5% from 10 April 2023. 6%. mybapension. It is likely that you have questions about your British Airways pension benefits. BA has confirmed that Ian. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. The standard Scheme contributions were 8. AVC funds. mybapension. Pre-retirement Courses. 1% of Band Earnings. The Registration Code and the Personal Identification Code is provided by the Pension Service Centre. At a glance. However, this will vary according to your age when. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). BA Pensions have today published member updates on their website for both APS & NAPS. 8 Castle Street. If you are receiving a single pension entitlement. We may also hold and process some special categories or "sensitive. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Your pension is flexible. You can choose to take up to 25% of your pension savings as a tax-free lump sum, with. Carry on paying into your BA pension. com is for staff who joined British Airways before 1 April 2003 and are. 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. Your total pay within a band set by the Government each year, currently between £6,136 and £50,000. You will also need your Member Number, a Registration Code and Personal Identification Code. 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. What we'll send to you, how and when. After that we will only provide a pay slip if the amount you will receive changes by more than £0. 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. mybapension. mybapension. 15 min ago. 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). Call us on: 020 8538 2100 Fax us on: 020 8538 2190. You may need to check with your building society for the correct details to provide. mybapension. 25% of Pensionable Pay. Pension Fund (BBPF) (DC Section) Welcome to the website for the DC Section. mybapension. mybapension. If you need any information on how your plan is performing, you can either: Log into your BAPP account via the BA intranet, Aviva’s My Workplace app or. 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. mybapension. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 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. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. What you get at retirement. New myPension Features. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. mybapension. Deferred members. g. =. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. To obtain these two codes please ring 0371 384 2682, or +44. Claer Barrett,. Cost of living support. 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). mybapension. Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. Looking for old news? mybapension. 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. 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. 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. The informant will need your pension reference number when calling the team. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. Our Absent Friends page includes details of former colleagues who have recently died. com. The seminars are currently being provided exclusively online, by webinar. BA Pensions service update. Additional Voluntary Contributions (AVCs) You can save AVCs on top of your basic Scheme pension and they are a tax-efficient way of saving for extra pension or lump sum benefits when you retire. 9% It’s these figures that. 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. 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. Key facts: You can save any amount up to 50% of your gross taxable pay. 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 PSTR number is 00302323RH. This can be found at the top of any personal communications we have sent to you. Serious ill health.