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 ). 20 x £6,000 p. 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. We may also hold and process some special categories or "sensitive. 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. 50%. The New Airways Pension Scheme ( NAPS) – is a final salary scheme administered by ( British Airways Pension Services Ltd (BAPSL) ). You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. com. If I die. The contains definitions of all the technical terms used on this website. mybapension. mybapension. Alternatively, the informant can fill in our ' Death notification. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. The standard Scheme contributions were 8. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. 1% of Band Earnings. Annual Report on the Socially Responsible Investment Programme for the year to 31 March 2018. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Alternatively, the informant can fill in our ' Death notification. Payment of any Discretionary Increase and/or backdated payments may affect your entitlement to Pensions Credit. mybapension. What you get at retirement. 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. This can be found at the top of any personal communications we have sent to you. 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. 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). There is no provision under the Scheme rules to cancel your opt out instruction once it. Your Dependent children can receive allowances on your death. If you have any concerns, you should contact the Pension Credit helpline on 0800 731 0469. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. mybapension. You can contact the General Counsel at British Airways Pension Services Ltd. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. mybapension. If there are questions about your benefits that you would like to see answered on this site please let us know. 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. mybapension. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. · For most members, the allowable tax-free lump sum you can take across all your pension benefits, from NAPS and elsewhere, is capped at one quarter of the current LTA, amounting to £268,275. If you are receiving a single pension entitlement. This is provided by the Mercer Master Trust and is called the MMT – BAE Systems Retirement Savings Plan and is administered by Scottish Widows. Your deferred pension is worked out using a standard formula: Retiring Pay x pensionable service. This can be found at the top of any personal communications we have sent to you. mybapension. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). This is currently paid tax-free. AVC-only transfer options . If you elected to stop paying contributions and. Login to MyPension. Looking for old news? mybapension. Serious ill health. 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). 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. 22. Your Pre 2007 basic 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). Liverpool. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. Scheme documents. Pensions for state employees and teachers have been a wrench in the gears of Pennsylvania government for decades. The lump sum does not have to be paid to your spouse, partner or surviving dependant. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. You pay a standard rate of 7. mybapension. BA Pensions have announced today that the scheme rises for APS will be 12. The Government raised the minimum. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. mybapension. You can read the full report here. 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. Pensions with Lifetime Allowance values between £10,000 and £30,000. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. Close. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. The resources below can provide help and support during these challenging times. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . g. 17 billion (2018: £19. mybapension. You will then need to register and confirm your details. This can be found at the top of any personal communications we have sent to you. our website: . Total pensionable service = 11 months (or 91. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. The informant will need your pension reference number when calling the team. This is a form of LTA Protection. mybapension. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. 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). 8 Castle Street. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. 6%. 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). Je pensioen, dat is iets om naar uit te kijken! Je bent op de juiste plek om je pensioen aan te vragen. 1/75. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 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). mybapension. You may become a parent, get married or start a committed relationship. 56% interest. NAPS Top 100 Equity Holdings list. 19. The standard Scheme contributions were 8. mybapension. or the Trustee at the following address: British Airways Pensions. 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. The Scheme is still required to add inflationary increases - up to the. 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. Liverpool. mybapension. 8 Castle Street. Assets held by Naps covered only 87. Telephone +44 (0) 203 691 3215. mybapension. mybapension. We may also hold and process some special categories or "sensitive. 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 have choices, so decide for yourself what your. 1/60. In 2001, Gov. We must receive your written instruction by the 20th of the month for the. 20 x £6,000 p. Employer Nominated Directors (ENDs) are appointed by BA, and Member Nominated Directors (MNDs) are elected by members and pensioners. Click here to read the most recent obituaries. New myPension Features. 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 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. 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). 5%. From State Pension Age you will also receive a pension from the Government if you have paid sufficient National Insurance Contributions over your working lifetime. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. a. We provide a pay slip with your first pension payment. 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. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . 7 months full-time = 7 months. com. Your pension is paid from the day after you retire. 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. Our 2021 Annual Report and Financial Statements now available. 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. From then on your pension will be paid at the end of every month into your chosen bank or building society account. This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). 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. Pensions with Lifetime Allowance values between £10,000 and £30,000. The first payment is made at the end of the month after the month you retire. What BA pays. 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 single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. The 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. mybapension online. 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. NAPS Consolidated Trust Deed and Rules – June 2019. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. 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. 7%). 50%. 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). I'm changing jobs. 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). Please quote your pension number (which is the same as your old BA staff number) in all correspondence. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. 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 visit the Government’s website for the. The seminars are currently being provided exclusively online, by webinar. 50%. The amount. Percentage of Pensionable Pay that you pay. 15bn in deferred contributions into the scheme between April 2018 and March 2020. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. We provide a pay slip with your first pension payment. On this page are details of former colleagues who have recently passed away. Providing pension. Ontdek hoe eenvoudig het is in onze tutorial! Check uw pensioendatum. Our 2021 Annual Report and Financial Statements now available. Pre-retirement Courses. For some of these life changes, you may need to reconsider what you are paying into your BA pension. We try to answer many of them here and you will also find lots of useful information within other areas of this site. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve 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). NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. 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 Post 2007 service pension is a percentage of your pay at retirement for service you have completed after 1 April 2007 in either Plan 60 or Plan 65. We try to answer many of them here and you will also find lots of useful information within other areas of this site. The informant will need your pension reference number when calling the team. Aviva also offers mandatory and voluntary Scheme pays options. mybapension. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. 75%. You pay a standard rate of 7. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). Call us on: 020 8538 2100 Fax us on: 020 8538 2190. mybapension. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Redirecting to ESS Home in 10 seconds. 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. There are two types of trustee directors. com is for staff who joined British. The informant will need your pension reference number when calling the team. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. It is likely that you have questions about your British Airways pension benefits. 5 March 2018. This limit is called the Annual Allowance (AA). 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). Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. 24 March 2023. 7% & RPI was 8. 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. 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). When you start. PO Box 2074. mybapension. = £104,000. Carry on paying into your BA pension. Our Absent Friends page includes details of former colleagues who have recently died. The lump sum is free of inheritance tax. This can be found at the top of any personal communications we have sent to you. Covid-19: Important update about our services - 17 March 2020. 65 billion (2018: £2. 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. 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. Your pension is flexible. mybapension. Click here to read the most recent obituaries. PO Box 2074. Your BA pension is only part of the income you will receive on retirement. 50% ( Flying Staff) of your Pensionable pay. You will need your National Insurance Number and Date of Birth to register for MyPension. The TCFD developed a framework to help public companies and other organisations disclose climate-related risks and opportunities. 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. mybapension. 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. If you leave your pension with BA it is called a deferred pension. 25% ( Ground Staff) or 8. L69 2YL. 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. At Normal Retirement Age. Vraag uw pensioen aan. If you do not have a user ID, you can request one from your NHS Pensions contact. Our Absent Friends page includes details of former colleagues who have recently died. 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. 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 haven’t used this site before, please use the details provided to you in your welcome pack. 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. This allowable tax-free lump sum limit will. These may have different NRA's; however, they must be treated. 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. Search APS: mybapension online. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. 17. The Waste: The. 8. 20 March 2018. Welfare, Social & Benefits. General scheme information. Contact Us Please click on the link to view the full contact details of your BAE Systems pension scheme administrator. 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). · 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. 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. On this page are details of former colleagues who have recently passed away. This brings the total 2023 pension increase for eligible pensions to 12. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. mybapension. BA Pensions Service Updates. Defined Contribution Members. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you leave your pension with BA it is called a deferred pension. 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. 50%. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Carry on paying into your BA pension. Deferred members. After that we will only provide a pay slip if the amount you will receive changes by more than £0. Then click on the blue “Show selected tax forms” button to download your PDF tax. My children get. Information on the British Airways Money Purchase (BAMPS) section of NAPS, which closed to active members on 1 October 2012, is available in the Deferred members area of this website. mybapension. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. January 2022 obituaries. Our telephone service is currently available between 9am and 1pm, Monday to Friday. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. 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. There are choices within NAPS that will: meet your needs now and in the future. PO Box 2074. You cannot give or 'assign' your benefits to anyone else. 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. Members of APS have some protection. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. From then on your pension will be paid at the end of every month into your chosen bank or building society account. com. 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. Trust Deed and Rules. mybapension. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. 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. The Corporate Trustee. Welcome to My NHS Pension. APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). mybapension. PO Box 2074. The seminars are currently being provided exclusively online, by webinar. This is worked out as 20 times your annual rate of pension, e. mybapension. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. mybapension. If you need to report the death of a loved one, we also. 5% payment for an Adult Survivor's pension on your death. 19. We’ve made improvements to myPension – your online pension tool. You can. 33 billion). If you have a defined contribution pension scheme, you can usually access your pension savings from age 55. If you haven’t used this site before, please use the details provided to you in your welcome pack. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 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). a. You can switch from one of the funds to another on the 1st day of any month. After that we will only provide a pay slip if the amount you will receive changes by more than £0. Send a message via ' Contact us '. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. If you choose to have your lump sum paid into your account in the British Airways Pension Plan (BAPP) this will not affect the NAPS benefits you have built up to 31 March 2018. Changes to my life. 8 Castle Street. Default build-up rate. 00%. The LTA is currently c£1. FIND OUT MORE Documents We’ve put all the relevant Scheme documents in. If there are questions about your benefits that you would like to see answered on this site please let us know. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. Write to us at: British Airways Pensions. 1/60. Putting members first. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). I am a spouse/partner or dependent of a member of NAPS. Telephone +44 (0) 203 691 3215. Register for My Account. 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. Scheme information. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. How do I withdraw my BA pension? Withdrawing your British Airways (BA) pension depends on the type of pension scheme you have and your age. Alternatively, the informant can fill in our ' Death notification. Or please use our online ‘ contact us ’ form to get in touch with us. mybapension. 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. 1. 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). mybapension. Click here to read the most recent obituaries. 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. mybapension.