Redirecting to ESS Home in 10 seconds. Percentage of Pensionable Pay that you pay. There are choices within NAPS that will: meet your needs now and in the future. 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. You will also need your Member Number, a Registration Code and Personal Identification Code. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. 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). News articles are published on the APS and NAPS websites. Liverpool. The investment objective for the MPF is reviewed. 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). = £120,000. L69 2YL. 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. 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. 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. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. 1% of Band Earnings . The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. Or. 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). · 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. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. mybapension. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. The lump sum is free of inheritance tax. 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). To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts (at retirement or if you take Flexible Retirement ). It is likely that you have questions about your British Airways pension benefits. 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. mybapension. mybapension. mybapension. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Register for My Account. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). British Airways Pension Services Ltd | 395 followers on LinkedIn. Members of earlier parts of the Airways Pension Scheme (Parts 1 – 5) should contact BA pensions with any specific. Write to us at: British Airways Pensions. This takes you to a page featuring “My Plans. Members who expected their benefits at retirement to be more than £1. This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). 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. These increases are part of your rights and are not discretionary. That’s why we’ve created another way to access MyPBA through Login. 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). The standard build-up rate in NAPS Plan 60 was 1/75. mybapension. 17. Member hub. 25% (Ground Staff) or 8. 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. My children get. 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. The Corporate Trustee. The GMP is paid as part of your APS pension once you reach your GMP age. From then on your pension will be paid at the end of every month into your chosen bank or building society account. Your NAPS deferred pension statement – NAPS is closing to further pension build-up on 31 March 2018. Total Reward Statement Portal. 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). FAQs. mybapension. Close. The Scheme’s funding deficit on 31 March 2021 was £1. 5 billion of its pension schemes’ assetsAPS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. 7%). mybapension. Alternatively, the informant can fill in our ' Death notification. 1. Global Vote Activity for the year to 31 March 2018. 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. However, APS members who leave British Airways and draw all their 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). 50%. 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). The resources below can provide help and support during these challenging times. Glossary. The monthly contribution you make includes a 1. 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. Cost of living support. 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. The standard Scheme contributions were 8. 1% of the Band Earnings. com is for staff who joined British Airways before 1 April 2003 and are. 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). 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. 18th October 2023 saw the official ONS release of UK inflation figures for September. BA Pensions service update. 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). This can be paid at, or after Normal Retirement Age, or you can choose to draw a reduced pension from the age of 50 or even earlier if you become too ill to work. The Government increased the minimum age for early retirement to age 55 from April 2010. The Waste: The. 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. BA Pensions Service Updates. You may need to check with your building society for the correct details to provide. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. Changes to public sector pension schemes. You can contact us at any time from age 55 if you wish to draw a reduced pension. Vraag uw pensioen aan. Protections are available and further information is. I am a spouse/partner or dependent of a member of NAPS. BA Pensions service update. October 2019. From then on your pension will be paid at the end of every month into your chosen bank or building society account. At Normal Retirement Age. 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 lump sum does not have to be paid to your spouse, partner or surviving dependant. 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 choose to use it all to provide a monthly income, or take part of it as a lump sum on retirement. 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. 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. NAPS Top 100 Equity Holdings list. 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 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. 7 months full-time = 7 months. mybapension. If you are receiving a single pension entitlement. When you start. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. mybapension. Avoiding scams. The informant will need your pension reference number when calling the team. 6%. In addition to the contributions shown above, members who are under State Pension Age pay 3. New retirement and transfer value factors are in full. 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. Telephone +44 (0) 203 691 3215. The government raised the minimum retirement age to age 55 from 6 April 2010. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. The Scheme is still required to add inflationary increases - up to the. You can contact the General Counsel at British Airways Pension Services Ltd. You can contact the General Counsel at British Airways Pension Services Ltd. L69 2YL. Default build-up rate. After that we will only provide a pay slip if the amount you will receive changes by more than £0. 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. 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). Write to us at: British Airways Pensions. The seminars are currently being provided exclusively online, by webinar. 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. Download and print the. 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. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. 1% of Band. 17. 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. 1 per cent of its expected liabilities, even though British Airways paid £1. Alternatively, contact BA Pensions for a provisional quote at any time. The funding level had therefore improved since the last valuation, on. 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. Je pensioen, dat is iets om naar uit te kijken! Je bent op de juiste plek om je pensioen aan te vragen. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. The LTA is currently c£1. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. mybapension. British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. FEEDBACK. Our 2021 Annual Report and Financial Statements now available. 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. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. We will provide full details of the payments and individual statements to all eligible members when payment is made in December. You may become a parent, get married or start a committed relationship. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. Carry on paying into your BA pension. 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. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. May 24, 2018. After that we will only provide a pay slip if the amount you will receive changes by more than £0. APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). mybapension. When you start. The contains definitions of all the technical terms used on this website. Search APS:. Liverpool. Log in to see the personal statements and tools available to you. General scheme information. If there are questions about your benefits that you would like to see answered on this site please let us know. We provide a pay slip with your first pension payment. The informant will need your pension reference number when calling the team. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. Please complete the United Kingdom payment instruction form for all payments within the UK. Former BA Staff Absent Friends. 5% Flying Staff. mybapension. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. mybapension. 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. Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. 99. Alternatively, the informant can fill in our ' Death notification. 50%. mybapension. If you haven’t used this site before, please use the details provided to you in your welcome pack. AVC funds. Simply sign in to My Account to find all your pension information in one place. Once you arrive at the “Add your state-issued ID” page, please click on the "Get Help at PBGC MyPBA" link. As an illustration, at age 60, the amount of tax-free lump sum available for every £1 of pension exchanged could be around 21% higher. In 2001, Gov. mybapension. 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. Write to us at: British Airways Pensions. of the Balfour Beatty Pension Fund (BBPF) To access information about your pension benefits. The informant will need your pension reference number when calling the team. Close. Welfare, Social & Benefits. 8 Castle Street. 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. 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. 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. FAQs. L69 2YL. You can delay receiving your pension after your Normal Retirement Age, up to a maximum of age 75. 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). The Government raised the minimum retirement age to age 55 from 6 April 2010. Don't get stung! Get authorised help and advice about your NAPS pension. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. Or, if you take a tax-free lump. mybapension. Or, if you take a lump sum, the LTA value would be the cash value of your lump sum plus 20 times your remaining annual pension: lump sum of £20,000 plus 20 x £4,200 p. mybapension. We will normally work out and pay your deferred pension from the same day of any month on which your birthday falls, so if your birthday is 23rd August but you want to draw your pension in March, we will work out and pay your pension from 23rd March. The Government gives. The PSTR number is 00302323RH. 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. Once you reach age 65 (men) or age 60 (women) the Scheme is no longer responsible for increasing the amount of GMP built up to 5 April 1988 and is only responsible for any increases due up to 3% a year on the GMP built up since 5. 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. A Late retirement increase will be added to your Pre 2007 service pension and you will have five choices in respect of your pension, which are. mybapension. mybapension. Four Trustee Directors are elected by APS members and pensioners as Member Nominated Directors. 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. mybapension. At Normal Retirement Age. 17 billion (2018: £19. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. 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. Pre-retirement Courses. 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). 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. What BA pays. FIND OUT MORE Documents We’ve put all the relevant Scheme documents in. Click here to read the most recent obituaries. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. 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). 75%. 6%. It has a global traffic rank of #2510553 in the world. Telephone +44 (0) 203 691 3215. 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. The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. com is 2 decades 6 months old. If I die. 00%. 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. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. mybapension. mybapension. Liverpool. give you the flexibility to adapt to your changing lifestyle. 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. 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. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5. The value to be tested against the LTA is worked out by multiplying the gross (i. com. You get automatic tax relief at your highest tax rate. 75%. mybapension. 25% (Ground Staff) or 8. mybapension. This form is now available as an online form, which you can submit directly to the Pensions team. Insurance · United Kingdom · <25 Employees. g. When I die. gov registration process, which includes setting up an email and password for future logins. NAPS amendments to Trust Deeds since June 2019. Our Absent Friends page includes details of former colleagues who have recently died. 19. L69 2YL. 1. Defined Contribution Members. From then on your pension will be paid at the end of every month into your chosen bank or building society account. mybapension. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. This can be found at the top of any personal communications we have sent to you. 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. NAPS factor changes from 1 April 2020. 5. In APS, you pay a standard rate of 7. There is no provision under the Scheme rules to cancel your opt out instruction once it. 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 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. ”. 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. My deferred pension. mybapension. mybapension. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. If you have a tax query, please call the tax office on 0300 200 3300 or write to: PAYE. 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). 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). Click here to read the most recent obituaries. 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 Airways Pension Scheme (NAPS). Send a message via ' Contact us '. L69 2YL. 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. Protect your Information : If you are not using a BA PC please read this advice on how to Delete Temporary Files. 5%. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). . 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. 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. 1/67. PO Box 2074. This is a form of LTA Protection. From then on your pension will be paid at the end of every month into your chosen bank or building society account. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. mybapension. | BA Pensions manages specialist teams dedicated to pensions and financial services. MND Neil Blackburn’s term came to an end on 30 September 2021. 25% of Pensionable Pay. This is currently paid tax-free. This helpline is open Monday to. You will then need to register and confirm your details. 22. 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. 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. Scheme documents. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. However, APS members who leave British Airways and draw all their pension. Pensions with Lifetime Allowance values between £10,000 and £30,000. More about defined contribution schemes. Alternatively, contact BA Pensions for a provisional quote at any time. Your pension is paid from the day after you retire. Before you can take up this option you will need to pass a medical examination. Your Dependent children can receive allowances on your death. Your BA pension is only part of the income you will receive on retirement. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. Total pensionable service = 11 months (or 91. Members of APS have some protection. 8 Castle Street. mybapension. mybapension. 6%.