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. The Government’s pension arrangements differ depending on whether you reach your State. 25% ( Ground Staff) or 8. 5m (IP2014). This can be found at the top of any personal communications we have sent to you. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. 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. L69 2YL. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. NAPS factor changes from 1 April 2020. The Scheme is still required to add inflationary increases - up to the. com. 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. 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). Or you can draw your whole BAMPS Account as an Uncrystallised Funds Pension. Your BA pension is only part of the income you will receive on retirement. 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). Call us on: 020 8538 2100 Fax us on: 020 8538 2190. 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. com is for staff who joined British. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. From then on your pension will be paid at the end of every month into your chosen bank or building society account. Welfare, Social & Benefits. 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. You may need to check with your building society for the correct details to provide. 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. Email [email protected] to MyPension. 50% (Flying Staff) of your Pensionable Pay. You pay a standard rate of 7. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. Insurance · United Kingdom · <25 Employees. Your pension is flexible. =. FAQs. I'm leaving BA. 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). L69 2YL. BA Pensions service update. mybapension. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. With this rate you pay the same Scheme contributions that you would pay for the standard 1/75 build-up rate but BA then covers the cost of the additional employer’s National Insurance Contributions (NICs), currently 3. More about defined contribution schemes. mybapension. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. 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). We may also hold and process some special categories or "sensitive. 7% & RPI was 8. Here’s how it works: Start by completing the Login. 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. I have two BA pensions. The settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. If you leave your pension in APS it is called a deferred pension. g. 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). Glossary. 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. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance. 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. 4 billion). 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. 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. Our Absent Friends page includes details of former colleagues who have recently died. = £120,000. There is no provision under the Scheme rules to cancel your opt out instruction once it. mybapension. 5 March 2018. 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. It is a domain having com extension. com is for staff who joined British. AVC funds. You are now logged out. 33 billion). 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. 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). Retiring Pay - this is usually the average of your pensionable pay over the last two years (or three years in APS Part 5) of pensionable service. Employee Self Service - Logout. You can contact the General Counsel at British Airways Pension Services Ltd. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. The GMP is paid as part of your APS pension once you reach your GMP age. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP 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). 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). At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. Members must have registered with HMRC before 6 April 2017 for Individual Protection 2014 to apply. Liverpool. BA Pensions service update. Je pensioen, dat is iets om naar uit te kijken! Je bent op de juiste plek om je pensioen aan te vragen. 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. NAPS Consolidated Trust Deed and Rules – June 2019. L69 2YL. You can choose to use it all to provide a monthly income, take part of it as a lump sum on retirement or transfer out to an external provider. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. 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 contributions are deducted automatically from your monthly. BA Pensions Service 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). a. The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. mybapension. of the Balfour Beatty Pension Fund (BBPF) To access information about your pension benefits. HM Revenue and Customs sets a limit for the amount you. Pre-retirement Courses. The Glossary contains definitions of all the technical terms used on this website. 5%. 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. 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. 6%. BA Pensions have today published member updates on their website for both APS & NAPS. 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. 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 haven’t used this site before, please use the details provided to you in your welcome pack. 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. The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. 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). 07m and will still apply in most cases if you draw a pension before 6 April 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). 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. mybapension. 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. The Waste: The. 24 March 2023. 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. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 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. com is for staff who. It is likely that you have questions about your British Airways pension benefits. = £104,000. Serious ill health. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). mybapension. The New Airways Pension Scheme (NAPS) is an occupational final salary scheme. British Airways Pensions Services. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. mybapension. We must receive your written instruction by the 20th of the month for the. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. mybapension. Alternatively, the informant can fill in our ' Death notification. mybapension. 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. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. My children get. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. com. 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. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. To obtain these two codes please ring 0371 384 2682, or +44. 75%. You get automatic tax relief at your highest tax rate. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. AVC-only transfer options . 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). ’ page of our website, 1. If you’d like to pay some or all of your AA tax charge from your BAPP account (or your Aviva General Investment Account (GIA) if you have one), please call Aviva Life & Pensions on 0345 030 7964 - the helpline is open Monday-Friday 8am-5:30pm. 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. 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. Percentage of Pensionable Pay that you pay. Write to us at: British Airways Pensions. 2. mybapension. You cannot give or 'assign' your benefits. There are choices within NAPS that will: meet your needs now and in the future. Our telephone service is currently available between 9am and 1pm, Monday to Friday. 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. 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. give you the flexibility to adapt to your changing lifestyle. 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). We may also hold and process some special categories or "sensitive. 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. On this page are details of former colleagues who have recently passed away. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. 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. 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). Unlike the AA, any unused MPAA cannot be carried forward to later tax 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). Click here to read the most recent obituaries. mybapension. Providing pension. 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. Glossary contains definitions of all the technical terms used on this website. Once you arrive at the “Add your state-issued ID” page, please click on the "Get Help at PBGC MyPBA" link. 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. There are two types of trustee directors. 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. Members who expected their benefits at retirement to be more than £1. mybapension. mybapension. It has a global traffic rank of #2510553 in the world. You will need your National Insurance Number and Date of Birth to register for MyPension. com. What you pay. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. Former BA Staff Absent Friends. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. You can find more information about the MPAA on the HMRC website. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. 50% ( Flying Staff) of your Pensionable pay. The Scheme’s funding deficit on 31 March 2021 was £1. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. mybapension. 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. mybapension. Protect your Information : If you are not using a BA PC please read this advice on how to Delete Temporary Files. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. 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. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. 1/67. 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 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. 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. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. 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). 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 also view your personal benefit statements if you usually receive these. APS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. mybapension. We try to answer many of them here and you will also find lots of useful information within other areas of this site. Members of APS. mybapension. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. gov registration process, which includes setting up an email and password for future logins. Your BA pension is only part of the income you will receive on retirement. If you elected to stop paying contributions and. NAPS closure – latest news. 17. The Registration Code and the Personal Identification Code is provided by the Pension Service Centre. 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 full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. 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. The Government raised the minimum retirement to age 55 from 6. If you leave your pension with BA it is called a deferred pension. The Government increased the minimum age for early retirement to age 55 from April 2010. With myPension you can access your personal pension information,. The Government raised the minimum retirement age to age 55 from 6 April 2010. The tapered AA. 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. FAQs. You can do this by logging in to Mybapension online. Log in to see the personal statements and tools available to you. PO Box 2074. 50% (Flying Staff) of your Pensionable Pay. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. 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). HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. PO Box 2074. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. Default build-up rate. After that we will only provide a pay slip if the amount you will receive changes by more than £0. 20 x £6,000 p. Carry on paying into your BA pension. 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. In October 2018, the Trustee of the Lloyds Banking. 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. The individual statements will show the new rate of. Looking for old news? mybapension. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 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). 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. You will then need to register and confirm your details. Global Vote Activity for the year to 31 March 2018. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. mybapension. NAPS amendments to Trust Deeds since June 2019. Simply sign in to My Account to find all your pension information in one place. Send a message via ' Contact us '. 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. Please complete the United Kingdom payment instruction form for all payments within the UK. Click here to read the most recent obituaries. More than £4 billion of pensioner benefits insured. mybapension. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. 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. If I die. 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 Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5. Former BA Staff Absent Friends. In 2001, Gov. There are four different types of piles in Solitaire. Can I draw my deferred pension early? If you left employment with BA and left your pension in the Scheme you can draw your benefits any time from age 50 if you wish (subject to certain conditions – see below). The standard build-up rate in NAPS Plan 60 was 1/75. Or, if you take a tax-free lump. When you start. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. Or please use our online ‘ contact us ’ form to get in touch with us. 24 March 2023. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. The informant will need your pension reference number when calling the team. 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. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance , even if you started paying AVCs after 8 April 1987. With BA pensions, you have a good basic package but you can improve it by saving more. Tel: 020 8538 2100. This can be found at the top of any personal communications we have sent to you. 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. 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. On this page are details of former colleagues who have recently passed away. Then divide this by the current LTA and multiply by 100 to work out the percentage of your LTA you have. Key facts: You can save any amount up to 50% of your gross taxable pay. You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. The secure site trusted by over 389,000 plan members. The standard Annual Allowance is currently £60,000 a year. 8 Castle Street. com. January 2022 obituaries. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. 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. Covid-19: Important update about our services - 17 March 2020. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. May 24, 2018. Trust Deed and Rules. Or, if you take a tax-free lump. Telephone +44 (0) 203 691 3215. Providing pension benefits administration and finance operations for 110,000 members. Before you change occupations you have two choices. com is for staff who joined British Airways before 1 April 2003 and are. The PSTR number is 00306884RH. From then on your pension will be paid at the end of every month into your chosen bank or building society account. The lump sum is free of inheritance tax. We’ve made improvements to myPension – your online pension tool. Bekijk uw betalingen. mybapension. Members of APS have some protection. PO Box 2074. To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts. Employer Nominated Directors (ENDs) are appointed by BA, and Member. The contains definitions of all the technical terms used on this 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). You can also view your personal benefit statements if you usually receive these. (your Pensionable Service to 31 March 2007 x your Retiring Pay ) divided by 52 Build-up rate (Flying Staff) or by 56 Build-up rate (Ground Staff). 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). The informant will need your pension reference number when calling the team. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). PO Box 2074. What you get at retirement. News articles are published on the APS and NAPS websites. New retirement and transfer value factors are in full. 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. The articles confirm that the increases that will be applied to pensions from 10th April 2023. The standard build-up rate in NAPS Plan 60 was 1/75. My Account is key to. CPI was 6. 17. Our telephone service is currently available between 9am and 1pm, Monday to Friday. Liverpool. 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. a. You will also need your Member Number, a Registration Code and Personal Identification Code. 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. Defined Contribution Members. You can switch from one of the funds to another on the 1st day of any month. At a glance. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. Mybapension. There are two types of trustee directors. 1% of Band Earnings . October 2019. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. A lump sum may be paid if no Adult Survivor’s pension is payable. 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. The LTA is currently c£1. 15 March 2018. Tel: 020 8538 2100. 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). Our 2021 Annual Report and Financial Statements now available. mybapension. 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 ).