Please complete the United Kingdom payment instruction form for all payments within the UK. 1/60. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). It is likely that you have questions about your British Airways pension benefits. If you haven’t used this site before, please use the details provided to you in your welcome pack. 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. Alternatively, the informant can fill in our ' Death notification. 2. Our telephone service is currently available between 9am and 1pm, Monday to Friday. 19. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. com. Avoiding scams. You can also view your yearly deferred pension statements if you usually receive these. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. e. Email membership@ba. 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. BA Pensions service update. com. Don't get stung! Get authorised help and advice about your NAPS pension. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. Pensions for state employees and teachers have been a wrench in the gears of Pennsylvania government for decades. 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. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. This allowable tax-free lump sum limit will. Was this page useful? mybapension. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). Contact Aviva directly on 0345 030 7964. 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. This limit is called the Annual Allowance (AA). The matter before us tonight therefore affects a substantial number of people, some on very modest pensions—the average pension in APS is about £14,000 per annum and in NAPS it is about £12,000 per annum—and has what Captain Post has described as a “complex history”, going back to 1948, when APS was established. 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 you can take up this option you will need to pass a medical examination. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. CPI was 6. 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. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. 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 likely that you have questions about your British Airways pension benefits. In addition, members under State Pension Age who have not selected the 1/83 pension build up rate pay an additional 3. 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 the member’s responsibility to assess whether they are affected by the tapered AA and to calculate the amount of their reduced AA. 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. 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). Register for My Account. 5 billion of its pension schemes’ assetsAPS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. 99. mybapension. mybapension. 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. 6%. 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. Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. 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). When you are approaching your Normal Retirement Age, we will write to you with full details of your pension benefits and your options relating to your pension about four months beforehand. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Looking for old news? mybapension. The government raised the minimum retirement age to age 55 from 6 April 2010. My deferred pension. Serious ill health. Scheme updates. 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). With myPension you can access your personal pension information,. On this page are details of former colleagues who have recently passed away. Four of the Trustee Directors are appointed by British Airways as Employer Nominated Directors (ENDs). The Government raised the. On this page are details of former colleagues who have recently passed away. The PSTR number is 00302323RH. Click here to read the most recent obituaries. The Scheme is still required to add inflationary increases - up to the. 50%. 6%. mybapension. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. mybapension. mybapension. com is for staff. mybapension. mybapension. Tel: 020 8538 2100. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. 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. 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). FAQs. 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). 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. Your total pay within a band set by the Government each year, currently between £6,136 and £50,000. Please visit the Government’s website for the. 25m could apply for the value of their pension benefits on 5 April 2014 to be protected up to a maximum value of £1. Alternatively, contact BA Pensions for a provisional quote at any time. Former BA Staff Absent Friends. 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. mybapension. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. 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. 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. Divided by build-up rate. My deferred pension. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. Click here to read the most recent obituaries. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. You cannot give or 'assign' your benefits. A lump sum may be paid if no Adult Survivor’s pension is payable. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways. Alternatively, contact BA Pensions for a provisional quote at any time. Paying the NAPS transitional option into the new scheme. If you are currently under State Pension Age you can choose to build your pension at a slower rate of 1/54 (Flying Staff) or 1/58 (Ground Staff) for future service. 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 PSTR number is 00302323RH. mybapension. 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. New retirement and transfer value factors are in full. 19. This is a form of LTA Protection. 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. Your first. or the Trustee at the following address: British Airways Pensions. 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). 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). Redirecting to ESS Home in 10 seconds. mybapension. We provide a pay slip with your first pension payment. You can also view your personal benefit statements if you usually receive these. 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. Welfare, Social & Benefits. 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). Log in to see the personal statements and tools available to you. The first is a final salary NAPS (New Airways Pension Scheme) that I contributed to. mybapension. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. 50%. mybapension. I have two BA pensions. mybapension. g. | BA Pensions manages specialist teams dedicated to pensions and financial services. 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. Members must have registered with HMRC before 6 April 2017 for Individual Protection 2014 to apply. What BA pays. 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. 75%. 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). The informant will need your pension reference number when calling the team. What you pay. The Scheme’s liabilities, or Technical Provisions* (the value of the pension benefits the Scheme expects to pay out over time) had increased to £21. 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). You get: a 'Post 2007' service pension worked out as 1/60 of your pay at retirement for every year of Pensionable Service in Plan 60 between 1 April 2007 and 30 September 2010, plus 1/75 of your pay for every further. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The normal Scheme increase. 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. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. Liverpool. 1% of Band Earnings. 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 Government increased the minimum age for early retirement to age 55 from April 2010. mybapension. 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. PO Box 2074. 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). In APS, you pay a standard rate of 7. The Corporate Trustee. 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. PO Box 2074. 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. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. If there are questions about your benefits that you would like to see answered on this site please let us know. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. The GMP is paid as part of your APS pension once you reach your GMP age. 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. 17 March 2023. 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. 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. If you have registered for online communications, you can update your UK bank details online at If you prefer to send your new details by post, please complete the United Kingdom payment instruction form for all payments within the UK. mybapension. Tel: 020 8538 2100. The Government raised the minimum retirement to age 55 from 6. The Government gives. When you leave BA you can leave your pension in APS or transfer it elsewhere. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. On this page are details of former colleagues who have recently passed away. mybapension. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. It is a domain having com extension. Payment of any Discretionary Increase and/or backdated payments may affect your entitlement to Pensions Credit. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. 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. Alternatively, the informant can fill in our ' Death notification. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 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. 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). Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. If you do not have a user ID, you can request one from your NHS Pensions contact. This is worked out as 20 times your annual rate of pension, e. mybapension. I'm leaving BA. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. If you die whilst an active member of the Scheme - the allowance is calculated as one-sixth of the basic pension you would have received for the years, months and days that you have been in the Scheme plus half the time remaining between the date of your death and Normal. 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 cannot give or 'assign' your benefits to anyone else. indd 2 22/08/23 3:43 PMPlease use the online ‘ Contact us ’ form to request a CETV quotation, or call us on 020 8538 2100 (9am to 1pm, Monday to Friday). 5% from 10 April 2023. 25% ( Ground Staff) or 8. The investment objective for the MPF is reviewed. 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). PO Box 2074. 15 March 2018. Your NAPS deferred pension statement – NAPS is closing to further pension build-up on 31 March 2018. com. You may need to check with your building society for the correct details to provide. 24 March 2023. Your pension is flexible. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Employer Nominated Directors (ENDs) are appointed by BA, and Member. mybapension. 7% & RPI was 8. Total Reward Statement Portal. 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. 1% of Band Earnings . The Government’s pension arrangements differ depending on whether you reach your State. Serious ill health. mybapension. Your BA pension is only part of the income you will receive on retirement. Defined Contribution Members. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. mybapension. 56% interest. Cost of living support. Providing pension. 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. Write to us at: British Airways Pensions. However, APS members who leave British Airways and draw all their pension. Putting members first. You can delay receiving your pension after your Normal Retirement Age, up to a maximum of age 75. The LTA is currently c£1. 1% of Band Earnings. 17. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. 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. My children get. We provide a pay slip with your first pension payment. Key facts: You can save any amount up to 50% of your gross taxable pay. Scheme documents. yearly pension at Normal Retirement Age. Or. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). g. com is for staff who joined British. Carry on paying into your BA pension. 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). mybapension. mybapension. The Trustee will continue to provide AA statements for members whose pension input amount exceeds the standard £60,000 AA. Search NAPS: mybapension online. A lump sum may be paid if no Adult Survivor’s pension is payable. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. The Government raised the minimum retirement age to age 55 from 6 April 2010. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). BA Pensions Service Updates. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. May 24, 2018. mybapension. You can find more information about the MPAA on the HMRC website. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 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). 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. AVC funds. You may change jobs while at BA, or even decide to leave BA. mybapension. The informant will need your pension reference number when calling the team. NAPS factor changes from 1 April 2020. For example, if you work on a TPT basis for five months, working 80% of your normal, full-time hours, and then return to full-time working for the next seven months, your pensionable service for the year would be: 5 months x 80% = 4 months. You can exchange part of your pension for a tax-free lump sum when you take your benefits. The Government’s pension arrangements differ depending on whether you reach your. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Your Dependent children can receive allowances on your death. The AA for your defined benefit (DB) pension savings, such as your APS pension, will also be reduced to £50,000. 5%. com. You can take your benefits any time from age 55 if you wish. 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). In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. Since 6 April 2016, if you are under State Pension Age you also pay 3. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. Liverpool. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. You may become a parent, get married or start a committed relationship. We try to answer many of them here and you will also find lots of useful information within other areas of this site. mybapension. 5%. 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. 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. The informant will need your pension reference number when calling the team. The Glossary contains definitions of all the technical terms used on this website. After that we will only provide a pay slip if the amount you will receive changes by more than £0. This allowable tax-free lump sum limit will. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. 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 ). mybapension. If there are questions about your benefits that you would like to see answered on this site please let us know. 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 preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. 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. a. 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. I am separating. The Trustee Directors of APS and NAPS are the Directors of BAPTL. Employer Nominated Directors (ENDs) are appointed by BA, and Member Nominated Directors (MNDs) are elected by members and pensioners. This takes you to a page featuring “My Plans. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. Our telephone service is currently available between 9am and 1pm, Monday to Friday. Liverpool. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. The tapered AA. 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. 17. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 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. To provide an additional dependant's pension you must give up part of your own pension permanently. 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. mybapension. 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. My Account is key to. At Normal Retirement Age. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. 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. mybapension. The Lifetime Allowance (LTA) The lifetime allowance (LTA) is £1,073,100 from April 2020. The value to be tested against the LTA is worked out by multiplying the gross (i. If you are in Plan 60, half the potential service to age 60 would be included in the calculation of your ill health pension. mybapension.