mybapension. com. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. Telephone +44 (0) 203 691 3215. Your pension is paid from the day after you retire. However, APS members who leave British Airways and draw all their pension. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. com. What you pay. This allowable tax-free lump sum limit will. At a glance. Redirecting to ESS Home in 10 seconds. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 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). mybapension. The standard Scheme contributions were 8. 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. The PSTR number is 00302323RH. You have choices, so decide for yourself what your. These increases are part of your rights and are not discretionary. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Pensions with Lifetime Allowance values between £10,000 and £30,000. 22. 17. After that we will only provide a pay slip if the amount you will receive changes by more than £0. Here’s how it works: Start by completing the Login. 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. 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. 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%. 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. The 2023 Pension Increase is 5%. 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. You may change jobs while at BA, or even decide to leave BA. 50% ( Flying Staff) of your Pensionable pay. 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. 4 billion in an insurance policy with Legal & General Assurancemybapension. Claer Barrett,. When I die. 9% It’s these figures that. 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 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. Send a message via ' Contact us '. Key facts: You can save any amount up to 50% of your gross taxable pay. 99. When you start. 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. Former BA Staff Absent Friends. I left before 1 April 2007. mybapension. January 2020. 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. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. The contains definitions of all the technical terms used on this website. Or please use our online ‘ contact us ’ form to get in touch with us. 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 two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. Providing pension. mybapension. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. Close. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. mybapension. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. 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. You can. 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. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. mybapension. The Government’s pension arrangements differ depending on whether you reach your. Scheme documents. 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 BA pension is only part of the income you will receive on retirement. 8 Castle Street. The investment objective for the MPF is reviewed. 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. NAPS 31 March 2018 Funding Valuation. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. Alternatively, the informant can fill in our ' Death notification. Bekijk uw betalingen. The individual statements will show the new rate of. The Waste: The. Aviva also offers mandatory and voluntary Scheme pays options. com is for staff who joined British. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. BA Pensions have today published member updates on their website for both APS & 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. 1/67. mybapension. 20 x £6,000 p. 6%. Total Reward Statement Portal. After that we will only provide a pay slip if the amount you will receive changes by more than £0. These can be downloaded from the latest news pages for. Log in to see the personal statements and tools available to you. To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts (at retirement or if you take Flexible Retirement ). You then have a further opportunity to make a transfer of any remainingContact us at: Send a message via ' Contact us '. 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 term of office for a Trustee Director is for a period of between five and five-and-a-half years. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. Covid-19: Important update about our services - 17 March 2020. You can also view your yearly deferred pension statements if you usually receive these. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. The LTA is currently c£1. Your pension is worked out as a percentage of your salary, based on the years, months and days that. mybapension. com is for staff. The Government gives. The Trust Deed and Rules provide that, of the eight. Click here to read the most recent obituaries. Retirement flexibility – You have mentioned that your earnings have reduced following your redundancy and, if you were to retain the BA pension, and the retirement age was say 60, you could. 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). It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. Your scheme administrator should be the first point of. PO Box 2074. It is likely that you have questions about your British Airways pension benefits. Your NAPS deferred pension statement – NAPS is closing to further pension build-up on 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). 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). What we'll send to you, how and when. Search NAPS: mybapension online. Your pension is flexible. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. Contact Us Please click on the link to view the full contact details of your BAE Systems pension scheme administrator. Mybapension. 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. 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. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. Our Absent Friends page includes details of former colleagues who have recently died. 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). Please keep in mind that for most people, the amount you can take as your tax-free entitlement will stay at 25% of the value of your Scheme pension, up to a maximum amount of £268,275 (25% of the LTA of £1,073,100). mybapension. 1. The seminars are currently being provided exclusively online, by webinar. = £120,000. mybapension. Please have your Aviva Plan number or. mybapension. 1% of Band Earnings. Download and print the. mybapension. NAPS Top 100 Equity Holdings list. Your Dependent children can receive allowances on your death. Your deferred pension does not need to be assessed against the AA unless you are a pilot who chose the three-year promotional. The Government raised the minimum. When you start. APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). The standard build-up rate in NAPS Plan 60 was 1/75. You can switch from one of the funds to another on the 1st day of any month. Your BA pension is only part of the income you will receive on retirement. 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. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. Many building societies use different banks to process BACS payments. We provide a pay slip with your first pension payment. We will provide you with a statement each year. To provide an additional dependant's pension you must give up part of your own pension permanently. 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). 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. Pensions with Lifetime Allowance values between £10,000 and £30,000. PO Box 2074. Liverpool. We provide a pay slip with your first pension payment. 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. 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. In addition to the contributions shown above, members who are under State Pension Age pay 3. The first payment is made at the end of the month after the month you retire. = £104,000. BA Pensions service update. 1% of Band Earnings. our website: . 33 billion). Call us on: 020 8538 2100 Fax us on: 020 8538 2190. mybapension. mybapension. You will need your National Insurance Number and Date of Birth to register for MyPension. 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). 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. 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 first. 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). CPI was 6. If there are questions about your benefits that you would like to see answered on this site please let us know. If you leave your pension with BA it is called a deferred 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). We try to answer many of them here and you will also find lots of useful information within other areas of this site. Tel: 020 8538 2100. mybapension. mybapension. NAPS closure – latest news. This is provided by the Mercer Master Trust and is called the MMT – BAE Systems Retirement Savings Plan and is administered by Scottish Widows. Before you can take up this option you will need to pass a medical examination. 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. The value to be tested against the LTA is worked out by multiplying the gross (i. Welcome to My NHS Pension. This can be found at the top of any personal communications we have sent to you. Liverpool. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. Please visit the Government’s website for the. 8 Castle Street. mybapension. mybapension. NAPS amendments to Trust Deeds since June 2019. Employer Nominated Directors (ENDs) are appointed by BA, and Member. 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). AVC funds. 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. 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 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. mybapension. 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. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). 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. Our 2021 Annual Report and Financial Statements now available. You can contact us at any time from age 55 if you wish to draw a reduced pension. mybapension. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. The lump sum is free of inheritance tax. 6%. 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. 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). 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. You can also view your personal benefit 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). 5 March 2018. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. You pay a standard rate of 7. 5m (IP2014). New myPension Features. This can be found at the top of any personal communications we have sent to you. mybapension. 25% (Ground Staff) or 8. 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. Carry on paying into your BA pension. mybapension. You are now logged out. 1. The Government raised the minimum retirement age to age 55 from 6 April 2010. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. 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. From then on your pension will be paid at the end of every month into your chosen bank or building society account. BA Pensions service update. com. L69 2YL. May 24, 2018. . The seminars are currently being provided exclusively online, by webinar. mybapension. mybapension. My children get. · 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. That’s why we’ve created another way to access MyPBA through Login. You may become a parent, get married or start a committed relationship. mybapension. After being made redundant by British Airways last year, I have retrained as a teacher. This takes you to a page featuring “My Plans. They took up their positions on 28 June 2021 and 1 October 2021 respectively, and will serve for between five and five-and-a-half years. 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). Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. mybapension. However, this will vary according to your age when. Or please use our online ‘ contact us ’ form to get in touch with us. mybapension. mybapension. 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. You can contact the General Counsel at British Airways Pension Services Ltd. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. Insurance · United Kingdom · <25 Employees. The informant will need your pension reference number when calling the team. mybapension. 17. Changes to my life. There are two types of trustee directors. New retirement and transfer value factors are in full. com is 2 decades 6 months old. You may need to check with your building society for the correct details to provide. The GMP is paid as part of your APS pension once you reach your GMP age. 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. Information about the Scheme, pension guidance, and accessing your pension details. 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). 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). General scheme information. The Scheme is still required to add inflationary increases - up to the. mybapension. You can do this by logging in to Mybapension online. 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). mybapension. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. Throughout your time at BA your circumstances may change. 99. 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. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. mybapension. Putting members first. My deferred pension. mybapension online. Looking for old news? mybapension. 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. There are two options within NAPS final salary – Plan 65 and Plan 60 for service after 1 April 2007. 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 of the Trustee Directors are appointed by British Airways as Employer Nominated Directors (ENDs). 25% (Ground Staff) or 8. 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. 1% of the Band Earnings. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Our telephone service is currently available between 9am and 1pm, Monday to Friday. yearly pension at Normal Retirement Age. FAQs. 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. 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. Cost of living support. mybapension. News articles are published on the APS and NAPS websites. 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. The Corporate Trustee. 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. 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. 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. Our 2021 Annual Report and Financial Statements now available. NAPS Consolidated Trust Deed and Rules – June 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). British Airways Pensions Services. 8. MND Neil Blackburn’s term came to an end on 30 September 2021. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. Glossary. 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 Scheme is still required to add inflationary increases - up to the. Or please use our online ‘ contact us ’ form to get in touch with us. If you haven’t used this site before, please use the details provided to you in your welcome pack. Alternatively, contact BA Pensions for a provisional quote at any time. PO Box 2074. 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. 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 telephone service is currently available between 9am and 1pm, Monday to Friday. 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). Glossary contains definitions of all the technical terms used on this website. 20 March 2018. It has a global traffic rank of #2510553 in the world. 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). Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. You can switch from one of the funds to another on the 1st day of any month. 50% (Flying Staff) of your Pensionable Pay. If you leave your pension in APS it is called a deferred pension. The settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. 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). 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. mybapension. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. The Orders currently reflect. You may need to check with your building society for the correct details to provide. On this page are details of former colleagues who have recently passed away. Alternatively, the informant can fill in our ' Death notification. Carry on paying into your BA pension. com. 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. This plan is administered by Aviva Life & Pensions. 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 standard Scheme contributions are: 7. If you've already received a user ID, you can log in using your username and password.