mybapension. The standard rate at which your pension builds up is 1/75 (for both Flying Staff and Ground Staff) for which you pay contributions of 5. State Pension age is now equal for men and women (and gradually rising to 68 for people born after 6 April 1970), but the ages that GMPs apply from have not changed. =. You can choose to use it all to provide a monthly income, or take part of it as a lump sum on retirement. The funding level had therefore improved since the last valuation, on. 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). Alternatively, AVCs can be used to buy extra pension, either from BA Pensions. mybapension. mybapension. Your BA pension is only part of the income you will receive on retirement. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. 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). NAPS closure – latest news. My children get. New retirement and transfer value factors are in full. Vraag uw pensioen aan. It is a domain having com extension. mybapension. 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. Bekijk uw aanvullend pensioen. 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 Airways Pension Scheme (NAPS). Liverpool. You pay a standard rate of 7. 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. 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. Your deferred pension does not need to be assessed against the AA unless you are a pilot who chose the three-year promotional. mybapension. BA Pensions service update and new NAPS FAQs - 27 March 2020. The standard Annual Allowance is currently £60,000 a year. Your deferred pension is worked out at date of leaving as a percentage of your salary, based on the years, months and days that you've been a member of the Scheme (your Pensionable Service ), adjusted for any changes in your BA occupations prior to 1 April 2007 (such as a move from Flying Staff to Ground Staff), plus. The 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. Search APS: mybapension online. News articles are published on the APS and NAPS websites. These increases are part of your rights and are not discretionary. BA Pensions have today published member updates on their website for both APS & NAPS. I left before 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). mybapension. 00%. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. Looking for old news? mybapension. Your pension is flexible. 6%. or the Trustee at the following address: British Airways Pensions. You can switch from one of the funds to another on the 1st day of any month. 1. Tel: 020 8538 2100. 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 ). NAPS amendments to Trust Deeds since June 2019. You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. Scheme documents. 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). 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. You may need to check with your building society for the correct details to provide. Cost of living support. mybapension. 50%. I'm changing jobs. New retirement and transfer value factors are in full. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. If you are a small or medium-sized business and would like to earn your company points when your employees travel. You will then need to register and confirm your details. The Scheme’s funding deficit on 31 March 2021 was £1. 5% from 10 April 2023. 65 billion (2018: £2. Paying the NAPS transitional option into the new scheme. 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. If you are receiving a single pension entitlement from us, your pension reference number will usually be. PO Box 2074. Get a pension estimate instantly. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. PO Box 2074. Je pensioen, dat is iets om naar uit te kijken! Je bent op de juiste plek om je pensioen aan te vragen. 17 billion (2018: £19. Frequently asked questions (FAQs) on the COVID-19 (Coronavirus) outbreak - 20 March 2020. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 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). If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 5% payment for an Adult Survivor's pension on your death. 24 March 2023. 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. 22. Your contributions are deducted automatically from your monthly. 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. Liverpool. 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). Address changes can also be accepted in writing with a signature (our address is on the Contact us 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. Send a message via ' Contact us '. 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). He was thrilled to do it, saying it was something he’d waited years to. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme. L69 2YL. 15 March 2018. 5% from 10 April 2023. I am a spouse/partner or dependent of a member of NAPS. 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. We will provide full details of the payments and individual statements to all eligible members when payment is made in December. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. In October 2018, the Trustee of the Lloyds Banking. mybapension. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. In addition, members under State Pension Age who have not selected the 1/83 pension build up rate pay an additional 3. gov registration process, which includes setting up an email and password for future logins. PO Box 2074. mybapension. A lump sum may be paid if no Adult Survivor’s pension is payable. The Airways Pension Scheme (APS) is an occupational final salary scheme. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Or, if you take a tax-free lump. What I get from my AVC account. 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 55 if your pension does not include a Guaranteed Minimum Pension (GMP) entitlement. L69 2YL. 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). Cost of living support. The Corporate Trustee. 1. You can also view your yearly deferred pension statements if you usually receive these. mybapension. 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). 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). Once you arrive at the “Add your state-issued ID” page, please click on the "Get Help at PBGC MyPBA" link. If you haven’t used this site before, please use the details provided to you in your welcome pack. 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. When you start. Your BA pension is only part of the income you will receive on retirement. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is removed and. If you are receiving a single pension entitlement. PO Box 2074. Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. You can also view your yearly deferred pension statements if you usually receive these. In addition, members under State Pension Age who have not selected the 1/54 pension build-up rate (Flying Staff) or the 1/58 build-up rate (Ground Staff) pay an additional 3. Changes to public sector pension schemes. The GMP is paid as part of your APS pension once you reach your GMP age. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. If you are in Plan 60, half the potential service to age 60 would be included in the calculation of your ill health pension. Check the square box next to the plan name (s) for the 1099 (s) you want to download. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. mybapension. This is worked out as 20 times your annual rate of pension, e. However, this will vary according to your age when. 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. The informant will need your pension reference number when calling the team. 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. There are choices within NAPS that will: meet your needs now and in the future. You are now logged out. Email [email protected] Airways Pension Trustees Limited (BAPTL) is a company established to hold the assets of the Airways Pension Scheme (APS) and the New Airways Pension Scheme (NAPS), with BAPTL acting in law as the Custodian Trustee of the assets of both schemes. Search APS: mybapension online. mybapension. or the Trustee at the following address: British Airways Pensions. mybapension. Update your personal information. The standard build-up rate in NAPS Plan 60 was 1/75. You can choose to use it all to provide a monthly income, take part of it as a lump sum on retirement or transfer out to an external provider. 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. Then click on the blue “Show selected tax forms” button to download your PDF tax. mybapension. Keep aside the APS pension that has built up for your Pensionable Service in your old occupation. Pensions for state employees and teachers have been a wrench in the gears of Pennsylvania government for decades. mybapension. Members who expected their benefits at retirement to be more than £1. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. mybapension. 8 Castle Street. I have two BA pensions. com. However, APS members who leave British Airways and draw all their pension. If you leave your pension in APS it is called a deferred pension. This is a form of LTA Protection. 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. 1/67. Information Information about the Scheme, pension guidance, and accessing your pension details. 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). Members of APS have some protection. L69 2YL. 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. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. Looking for old news? mybapension. You can read the full report here. What BA pays. The Waste: The. Scheme documents. If you have any concerns, you should contact the Pension Credit helpline on 0800 731 0469. 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. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . When I die. Write to us at: British Airways Pensions. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. The PSTR number is 00302323RH. mybapension. AVC funds. Or you can draw your whole BAMPS Account as an Uncrystallised Funds Pension. The informant will need your pension reference number when calling the team. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). The Orders currently reflect. 20 x £6,000 p. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. 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. Close. Employee Self Service - Logout. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. 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. 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 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. mybapension. 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. 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. L69 2YL. 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). 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. Scheme updates. 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. The Trustee Directors of APS and NAPS are the Directors of BAPTL. 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. Your scheme administrator should be the first point of. Protect your Information : If you are not using a BA PC please read this advice on how to Delete Temporary Files. mybapension. On this page are details of former colleagues who have recently passed away. 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. What you get at retirement. Assets held by Naps covered only 87. 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. You may change jobs while at BA, or even decide to leave BA. = £120,000. Don't get stung! Get authorised help and advice about your NAPS pension. L69 2YL. mybapension. 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). Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. Or please use our online ‘ contact us ’ form to get in touch with us. Covid-19: Important update about our services - 17 March 2020. 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. Liverpool. You cannot give or 'assign' your benefits. In 2001, Gov. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. 99. 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. The standard build-up rate in NAPS Plan 60 was 1/75. APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). Members must have registered with HMRC before 6 April 2017 for Individual Protection 2014 to apply. 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. 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). Manage your beneficiaries. 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. com is for staff who joined British. 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. For others, such as becoming too. Trust Deed and 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). mybapension. You have choices to pay more and also have security for your family and in case you fall ill before 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). 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 is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. 4 billion in an insurance policy with Legal & General Assurancemybapension. Alternatively, contact BA Pensions for a provisional quote at any time. 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). Email [email protected] to MyPension. 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). May 24, 2018. 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 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 ). If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. Alternatively, the informant can fill in our ' Death notification. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways. 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). 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. 17. 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). PO Box 2074. 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. 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. That’s why we’ve created another way to access MyPBA through Login. 99. 33 billion). This can be found at the top of any personal communications we have sent to you. 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 pension is worked out as a percentage of your salary, based on the years, months and days that. The Government raised the minimum retirement to age 55 from 6. My deferred pension. These can be downloaded from the latest news pages for. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. We would like to show you a description here but the site won’t allow us. You can delay receiving your pension after your Normal Retirement Age, up to a maximum of age 75. Write to us at: British Airways 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). 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). 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. Telephone +44 (0) 203 691 3215. You then have a further opportunity to make a transfer of any remainingContact us at: Send a message via ' Contact us '. mybapension. 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. 17. Please complete the United Kingdom payment instruction form for all payments within the UK. 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. 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. You can take your benefits any time from age 55 if you wish. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. mybapension. The investment objective for the MPF is reviewed. 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. If you haven’t used this site before, please use the details provided to you in your welcome pack. mybapension. When you leave British Airways ( BA) or if you opt out of the pension Scheme, you will usually be entitled to a deferred pension due to be paid from your Normal Retirement Age . 5 March 2018. This takes you to a page featuring “My Plans. These may have different NRA's; however, they must be treated. NAPS Top 100 Equity Holdings list. The Airways Pension Scheme (APS) is an occupational final salary scheme. mybapension. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. You have choices, so decide for yourself what your. Pension Fund (BBPF) (DC Section) Welcome to the website for the DC Section. FAQs. After that we will only provide a pay slip if the amount you will receive changes by more than £0. MND Neil Blackburn’s term came to an end on 30 September 2021. The informant will need your pension reference number when calling the team. It is likely that you have questions about your British Airways pension benefits. 20 x £6,000 p. 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. We try to answer many of them here and you will also find lots of useful information within other areas of this site. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Was this page useful? mybapension. The LTA is currently c£1. g. Claer Barrett,. 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. 25m could apply for the value of their pension benefits on 5 April 2014 to be protected up to a maximum value of £1. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. Click here to read the most recent obituaries. 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. Or. If you are in Plan 65, half the potential. 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. mybapension. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. With myPension you can access your personal pension information,. Avoiding scams. A lump sum may be paid if no Adult Survivor’s pension is payable. Former BA Staff Absent Friends. 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. 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. Members of APS. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. Your deferred pension is worked out using a standard formula: Retiring Pay x pensionable 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). You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. 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. Log in to see the personal statements and tools available to you. 24 March 2023. The information on this site describes the benefits and options available from Part 6 of the Airways Pension Scheme. The investment objective for the MPF is reviewed. a. Yes No. After that we will only provide a pay slip if the amount you will receive changes by more than £0. For some of these life changes, you may need to reconsider what you are paying into your BA pension. Liverpool. 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. 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. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. This form is now available as an online form, which you can submit directly to the Pensions team. mybapension.