The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. mybapension. We will provide you with a statement each year. Liverpool. Pensions with Lifetime Allowance values between £10,000 and £30,000. There are four different types of piles in Solitaire. The LTA is currently c£1. mybapension. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 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). 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. 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 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. Bekijk uw betalingen. mybapension. Cost of living support. Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. mybapension. 1/60. AVC funds. 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. mybapension. a. 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 Pension Scheme (NAPS). 56% interest. 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. At a glance. 00%. You can switch from one of the funds to another on the 1st day of any month. After being made redundant by British Airways last year, I have retrained as a teacher. 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). 2. mybapension. mybapension. 17 billion (2018: £19. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). This is provided by the Mercer Master Trust and is called the MMT – BAE Systems Retirement Savings Plan and is administered by Scottish Widows. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. It is likely that you have questions about your British Airways pension benefits. If you move from Flying Staff to Ground Staff or vice versa your Normal Retirement Age, pension Build-up rate and pension Contribution rate will change. com 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). e. 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. You have one opportunity to make a transfer of part (or all of your AVC Account ) the time of, at or before, drawing your main Scheme 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). The Trustees of your pension scheme carry out a check on the charges deducted from your pension pot and, as a minimum, the fund (s) you're invested in if you don't make your own choice. Looking for old news? mybapension. mybapension. Our 2021 Annual Report and Financial Statements now available. mybapension. It is a domain having com extension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. 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. 50% ( Flying Staff) of your Pensionable pay. To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts (at retirement or if you take Flexible Retirement ). Liverpool. our website: . Looking for old news? mybapension. 4 billion in an insurance policy with Legal & General Assurancemybapension. The Scheme is still required to add inflationary increases - up to the. Search APS: mybapension online. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5 April 2016. Providing pension benefits administration and finance operations for 110,000 members. mybapension. The individual statements will show the new rate of. You can switch from one of the funds to another on the 1st day of any month. 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). Write to us at: British Airways Pensions. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. mybapension. The informant will need your pension reference number when calling the team. Carry on paying into your BA pension. The lump sum is free of inheritance tax. 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. 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. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). 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. Check the square box next to the plan name (s) for the 1099 (s) you want to download. 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 may also hold and process some special categories or "sensitive. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. mybapension. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. In other words, if you choose to draw your pension on or after 1 October 2023, you will need to exchange less of your pension when taking a tax-free lump sum. 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 must receive your written instruction by the 20th of the month for the. Divided by build-up rate. These can be downloaded from the latest news pages for. = £120,000. com is for staff. 33 billion). gov. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. That’s why we’ve created another way to access MyPBA through Login. You can do this by logging in to Mybapension online. General scheme information. You have choices, so decide for yourself what your. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. Our telephone service is currently available between 9am and 1pm, Monday to Friday. 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). Cost of living support. Claer Barrett,. FEEDBACK. If you leave your pension in APS it is called a deferred pension. mybapension. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). 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. 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 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 informant will need your pension reference number when calling the team. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is removed and. mybapension. FAQs. 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. Key facts: You can save any amount up to 50% of your gross taxable pay. 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). 25% (Ground Staff) or 8. The government’s pension arrangements differ depending on whether you reach your. 99. Your Dependent children can receive allowances on your death. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. 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. mybapension. 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. g. 50%. Your pension is flexible. Download and print the. The standard Annual Allowance is currently £60,000 a year. mybapension. Providing pension. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. 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. January 2022 obituaries. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. Members of earlier parts of the Airways Pension Scheme (Parts 1 – 5) should contact BA pensions with any specific. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. FAQs. 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. Register for My Account. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. 8 Castle Street. Or you can draw your whole BAMPS Account as an Uncrystallised Funds Pension. 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. 8 Castle Street. 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. The resources below can provide help and support during these challenging times. 50%. This is currently paid tax-free. Carry on paying into your BA pension. NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. mybapension. mybapension. PO Box 2074. All Staff – Plan 65. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. a. The Government raised the minimum retirement age to age 55 from 6 April 2010. 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. 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. 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 then on your pension will be paid at the end of every month into your chosen bank or building society account. 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). The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. Pre-retirement Courses. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. The AA for your defined benefit (DB) pension savings, such as your APS pension, will also be reduced to £50,000. They are: The Stock: The pile of facedown cards in the upper left corner. The investment objective for the MPF is reviewed. BA Pensions service update and new NAPS FAQs - 27 March 2020. The Glossary contains definitions of all the technical terms used on this website. com. With myPension you can access your personal pension information,. 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. L69 2YL. What you get at retirement. 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. MND Neil Blackburn’s term came to an end on 30 September 2021. Your BA pension is only part of the income you will receive on retirement. 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. You are now logged out. mybapension. 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. Your NAPS deferred pension statement – NAPS is closing to further pension build-up on 31 March 2018. mybapension. L69 2YL. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. The Waste: The. L69 2YL. L69 2YL. 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). mybapension. Hover over or click on the individual bars to see the interest rate for each specific month: For example, if you had an EBF balance of £1,000 on 1 April and the total monthly rate for each of the following 12 months was 0. 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 ). Search NAPS: mybapension online. On this page are details of former colleagues who have recently passed away. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. The Government increased the minimum age for early retirement to age 55 from April 2010. 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. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). October 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). Your first. You can find more information about the MPAA on the HMRC website. 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. If you need to report the death of a loved one, we also. Defined Contribution Members. Changes to public sector pension schemes. com. Our Absent Friends page includes details of former colleagues who have recently died. mybapension. Your pension is worked out as a percentage of your salary, based on the years, months and days that. My children get. 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. 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 raised the minimum retirement age to age 55 from 6 April 2010. If you leave your pension with BA it is called a deferred pension. Alternatively, the informant can fill in our ' Death notification. We will provide full details of the payments and individual statements to all eligible members when payment is made in December. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. mybapension. Your APS Trustee has invested just under £4. 1/67. 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. 2 Contents 04 Welcome to your pension 08 How much should I save? 16 How is my money invested? 33 Know your funds 39 Your choice of funds 43 Keeping track of your pension 49 Frequently-asked questions 57 Get in touch AV941280_NGS47333A1_MM39066_0823. 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. Mybapension. What we'll send to you, how and when. 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). Employer Nominated Directors (ENDs) are appointed by BA, and Member Nominated Directors (MNDs) are elected by members and pensioners. Looking for old news? mybapension. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. The soaring cost of gas, electricity, groceries and petrol – combined with global supply-chain disruptions – are increasing the current cost of living from every direction. 65 billion (2018: £2. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. We’ve made improvements to myPension – your online pension tool. 5% Flying Staff. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 6% of one year)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. 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 31 March 2018 Funding Valuation. We try to answer many of them here and you will also find lots of useful information within other areas of this site. 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. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. Alternatively, contact BA Pensions for a provisional quote at any time. This is worked out as 20 times your annual rate of pension, e. There is no provision under the Scheme rules to cancel your opt out instruction once it. You cannot give or 'assign' your benefits to anyone else. =. com is 2 decades 6 months old. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. This takes you to a page featuring “My Plans. Avoiding scams. mybapension. mybapension. 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. After that we will only provide a pay slip if the amount you will receive changes by more than £0. PO Box 2074. 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. 9% It’s these figures that. 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. Contact Us Please click on the link to view the full contact details of your BAE Systems pension scheme administrator. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. News articles are published on the APS and NAPS websites. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). Your BA pension is only part of the income you will receive on retirement. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. Pensions with Lifetime Allowance values between £10,000 and £30,000. Your BA pension is only part of the income you will receive on retirement. The Registration Code and the Personal Identification Code is provided by the Pension Service Centre. 1/60. British Airways Pensions Services. We provide a pay slip with your first pension payment. Telephone +44 (0) 203 691 3215. The Government’s pension arrangements differ depending on whether you reach your State. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Click here to read the most recent obituaries. a. 56% interest. BA Pensions have announced today that the scheme rises for APS will be 12. 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. put you in control of your financial future and planning. The GMP is paid as part of your APS pension once you reach your GMP age. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. 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). We will issue a pension increase statement each year, usually near the end of April, with full details of the increase that will apply to your pension and this will include a P60 certificate. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. yearly pension at Normal Retirement Age. Pensions for state employees and teachers have been a wrench in the gears of Pennsylvania government for decades. 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). 1/67. Your pension is paid from the day after 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). Update your personal information. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. 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. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. 1 day ago · The Financial Times has convened a panel of experts to answer your questions about how the measures might have an impact on your personal finances. 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). 7% & RPI was 8. 22. 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. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. mybapension. 1% of Band Earnings. of the Balfour Beatty Pension Fund (BBPF) To access information about your pension benefits. Percentage of Pensionable Pay that you pay. 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 settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. If you are in Plan 65, half the potential. Here’s how it works: Start by completing the Login. These may have different NRA's; however, they must be treated. Keep aside the APS pension that has built up for your Pensionable Service in your old occupation. Your contributions are deducted automatically from your monthly. Frequently asked questions (FAQs) on the COVID-19 (Coronavirus) outbreak - 20 March 2020. 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. 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. Log in to see the personal statements and tools available to you. 5 billion of its pension schemes’ assetsAPS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. 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. Welfare, Social & Benefits. He was thrilled to do it, saying it was something he’d waited years to. 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. · 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. Pension Fund (BBPF) (DC Section) Welcome to the website for the DC Section. 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). Scheme documents. 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. a. Alternatively, the informant can fill in our ' Death notification. The Government raised the minimum. 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. Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. You will also need your Member Number, a Registration Code and Personal Identification Code. Four Trustee Directors are elected by APS members and pensioners as Member Nominated Directors. Covid-19: Important update about our services - 17 March 2020. 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 contact the General Counsel at British Airways Pension Services Ltd. mybapension. =. The lump sum is free of inheritance tax. 25% ( Ground Staff) or 8. 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). 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. mybapension. Glossary. 22. The Government’s pension arrangements differ depending on whether you reach your. Your contributions are deducted automatically from your monthly. 17 March 2023. 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. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. 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. Changes to my life. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. Your pension is flexible. 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). Payment of any Discretionary Increase and/or backdated payments may affect your entitlement to Pensions Credit. Throughout your time at BA your circumstances may change. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The standard Annual Allowance is currently £60,000 a year. January 2020. 75%. When you are approaching your NRA we will write to you with full details of your pension benefits and your options relating to your pension about four. Scheme documents. 6%. 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). mybapension. 7 months full-time = 7 months. 5% from 10 April 2023. The Trustee Directors of APS and NAPS are the Directors of BAPTL. 17. Key facts: You can save any amount up to 50% of your gross taxable pay. Global Vote Activity for the year to 31 March 2018.