e. The standard Scheme contributions were 8. 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. If you leave your pension with BA it is called a deferred pension. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. You can contact the General Counsel at British Airways Pension Services Ltd. You can also view your yearly deferred pension statements if you usually receive these. January 2022 obituaries. 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. You can access your pension statements, modeller, payslips and more online. You get automatic tax relief at your highest tax rate. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. The Government raised the minimum. Most APS pension payments are paid in arrears and are made by the last working day of each month. You can do this by logging in to Mybapension online. mybapension. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. If you no longer have access to this email address please contact the Pensions Team on 0208 5382100 for assistance. We provide a pay slip with your first pension payment. 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. mybapension. mybapension. Member hub. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. NAPS Top 100 Equity Holdings list. 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. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. The first payment is made at the end of the month after the month you retire. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. The lump sum is free of inheritance tax. mybapension. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. Welcome to My NHS Pension. 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. Your first. 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. com is 2 decades 6 months old. 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. We will provide full details of the payments and individual statements to all eligible members when payment is made in December. Providing pension. 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. 5% from 10 April 2023. This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). BA Pensions service update. 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). Serious ill health. · 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. 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. The Scheme is still required to add inflationary increases - up to the. This can be found at the top of any personal communications we have sent to you. 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). 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. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. 4 billion). The Waste: The. The Annual Allowance (AA) is the maximum amount by which your pension savings, including any AVCs, can increase in any year without incurring a tax charge. 24 March 2023. Employee Self Service - Login; Select login type; BSAFEYou can find information about your pension online – anytime, anywhere. 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. You have choices, so decide for yourself what your. = £120,000. com. mybapension. 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). British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. This brings the total 2023 pension increase for eligible pensions to 12. My children get. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. You can. 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. L69 2YL. Your APS Trustee has invested just under £4. 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 would like us to publish an obituary or eulogy for a former colleague, please send it to us. 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. Welfare, Social & Benefits. However, this will vary according to your age when. mybapension. Please keep in mind that for most people, the amount you can take as your tax-free entitlement will stay at 25% of the value of your Scheme pension, up to a maximum amount of £268,275 (25% of the LTA of £1,073,100). Providing pension benefits administration and finance operations for 110,000 members. mybapension. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 15bn in deferred contributions into the scheme between April 2018 and March 2020. 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. MND Neil Blackburn’s term came to an end on 30 September 2021. I'm changing jobs. If you have any concerns, you should contact the Pension Credit helpline on 0800 731 0469. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. British Airways has struck a deal to delay £450m of pension deficit contributions as the company struggles through Covid travel restrictions that have left most of its planes grounded during the. Our Absent Friends page includes details of former colleagues who have recently died. Contact Us Please click on the link to view the full contact details of your BAE Systems pension scheme administrator. Your contributions are deducted automatically from your monthly. Four Trustee Directors are elected by APS members and pensioners as Member Nominated Directors. The first is a final salary NAPS (New Airways Pension Scheme) that I contributed to. The GMP is paid as part of your NAPS pension once you reach your GMP age. If you leave your pension with BA it is called a deferred pension. mybapension. Employer Nominated Directors (ENDs) are appointed by BA, and Member Nominated Directors (MNDs) are elected by members and pensioners. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 5 billion of its pension schemes’ assetsAPS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. com is for staff who. *Option 55 is now closed to new joiners but existing Option 55 members currently have opportunities to switch off Option 55 within Plan 60 from 1 April or 1 October. Carry on paying into your BA pension. Download and print the. 1/60. Aviva also offers mandatory and voluntary Scheme pays options. This allowable tax-free sum limit will remain. 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. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. Your scheme administrator should be the first point of. 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). | BA Pensions manages specialist teams dedicated to pensions and financial services. If you are in Plan 65, half the potential. 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. 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). Our 2021 Annual Report and Financial Statements now available. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). BA Pensions have announced today that the scheme rises for APS will be 12. =. 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. You can read the full report here. Covid-19: Important update about our services - 17 March 2020. However, APS members who leave British Airways and draw all their pension. mybapension. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. 1. NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. Register for My Account. 25m could apply for the value of their pension benefits on 5 April 2014 to be protected up to a maximum value of £1. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). Pensions with Lifetime Allowance values between £10,000 and £30,000. 1. · 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. Cost of living support. CPI was 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). You cannot give or 'assign' your benefits. The Scheme is still required to add inflationary increases - up to the. BA Pensions service update. 65 billion (2018: £2. 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. 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. 7 months full-time = 7 months. mybapension. The LTA is currently c£1. The Government gives. Your pension will increase each year in line with the rate specified within the Government’s Pension Increase (Review) Orders issued by HM Treasury. Our 2021 Annual Report and Financial Statements now available. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. 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 investment objective for the MPF is reviewed. Your BA pension is only part of the income you will receive on retirement. mybapension. 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. 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. Information Information about the Scheme, pension guidance, and accessing your pension details. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. You can exchange part of your pension for a tax-free lump sum when you take your benefits. On this page are details of former colleagues who have recently passed away. Looking for old news? mybapension. I left before 1 April 2007. FAQs. The seminars are currently being provided exclusively online, by webinar. 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. You can switch from one of the funds to another on the 1st day of any month. The GMP is paid as part of your APS pension once you reach your GMP age. 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). 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). Former BA Staff Absent Friends. 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. 17. mybapension. 99. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. All Staff – Plan 65. 17 March 2023. The informant will need your pension reference number when calling the team. PO Box 2074. We may also hold and process some special categories or "sensitive. 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. 20 x £6,000 p. After being made redundant by British Airways last year, I have retrained as a teacher. Simply sign in to My Account to find all your pension information in one place. Your pension is paid from the day after you retire. In 2001, Gov. What you get at retirement. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . From then on your pension will be paid at the end of every month into your chosen bank or building society account. Or, if you take a tax-free lump. For others, such as becoming too. mybapension. You should give this option careful consideration as opting out means you will be giving up valuable pension scheme benefits. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. I'm leaving BA. mybapension. 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. If I die. 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). 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). 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). Total pensionable service = 11 months (or 91. 22. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. 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. Members of APS have some protection. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. 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. PO Box 2074. This can be found at the top of any personal communications we have sent to you. The New Airways Pension Scheme (NAPS) is an occupational final salary scheme. You can contact the General Counsel at British Airways Pension Services Ltd. Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. If you are in Plan 60, half the potential service to age 60 would be included in the calculation of your ill health pension. 7% & RPI was 8. Before you change occupations you have two choices. What you pay. Changes to public sector pension schemes. 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. You may need to check with your building society for the correct details to provide. In addition to the contributions shown above, members who are under State Pension Age pay 3. 17 March 2023. Your pension is worked out as a percentage of your salary, based on the years, months and days that. 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. 6%. 1. mybapension. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Alternatively, the informant can fill in our ' Death notification. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Looking for old news? mybapension. 20 x £6,000 p. L69 2YL. 25% ( Ground Staff) or 8. 1 per cent of its expected liabilities, even though British Airways paid £1. NAPS factor changes from 1 April 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). This form is now available as an online form, which you can submit directly to the Pensions team. 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. 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). gov registration process, which includes setting up an email and password for future logins. Was this page useful? 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. 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). The lump sum does not have to be paid to your spouse, partner or surviving dependant. 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. NAPS amendments to Trust Deeds since June 2019. mybapension. 1/60. Total Reward Statement Portal. You can take your benefits any time from age 55 if you wish. The normal Scheme increase. indd 2 22/08/23 3:43 PMUsing a Chrome or Edge browser, navigate to the MyPBA homepage screen and then click on the “My 1099 form (s)” icon. com is for staff who joined British. mybapension. If you have a deferred pension in NAPS, this is due to be paid from your Normal Retirement Age (NRA) ( Plan 60 or Plan 65 ). I will work beyond 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. 17 billion (2018: £19. If you have a defined contribution pension scheme, you can usually access your pension savings from age 55. Scheme information. Employee Self Service - Logout. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme. Write to us at: British Airways Pensions. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. We would like to show you a description here but the site won’t allow us. Glossary contains definitions of all the technical terms used on this website. 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. (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). If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. Our telephone service is currently available between 9am and 1pm, Monday to Friday. Former BA Staff Absent Friends. What you get at retirement. 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. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. News articles are published on the APS and NAPS websites. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . 1. A lump sum may be paid if no Adult Survivor’s pension is payable. mybapension. Telephone +44 (0) 203 691 3215. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. 6%. Your Dependent children can receive allowances on your death. 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). 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. We must receive your written instruction by the 20th of the month for the. 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. 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. 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. This is currently paid tax-free. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. PO Box 2074. Alternatively, AVCs can be used to buy extra pension, either from BA Pensions. Alternatively, contact BA Pensions for a provisional quote at any time. 5 March 2018. Then start a separate pension in. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. The standard Annual Allowance is currently £60,000 a year. 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. L69 2YL. mybapension. 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). 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). BA Pensions service update and new NAPS FAQs - 27 March 2020. 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. Throughout your time at BA your circumstances may change. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. The Corporate Trustee. With myPension you can access your personal pension information,. 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. Please have your Aviva Plan number or. This can be found at the top of any personal communications we have sent to you. 25% (Ground Staff) or 8. Please complete the United Kingdom payment instruction form for all payments within the UK. mybapension. com. PO Box 2074. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. We provide a pay slip with your first pension payment. 1/75. At a glance. mybapension. 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. g. We provide a pay slip with your first pension payment. gov. 7 February 2023. mybapension. L69 2YL. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). mybapension. Email [email protected] to MyPension. The individual statements will show the new rate of. 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). Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. L69 2YL. If you haven’t used this site before, please use the details provided to you in your welcome pack. The standard build-up rate in NAPS Plan 60 was 1/75. You can also view your yearly deferred pension statements if you usually receive these. 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). In addition, members under State Pension Age who have not selected the 1/83 pension build up rate pay an additional 3. The APS Discretionary Increase Settlement makes provision for payment of a Discretionary Increase in 2020 of 75% of the gap between RPI and the Government’s PIRO increase for 2020 (The PIRO increase is expected to be 1. FAQs. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. Putting members first. 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 2023 Pension Increase is 5%. Our telephone service is currently available between 9am and 1pm, Monday to Friday. Deferred members. So if you retire on 11 August, your first payment will be on 30 September and will include pension for the period 11 August to 30 September. The Glossary contains definitions of all the technical terms used on this website. When I die. = £104,000. After that we will only provide a pay slip if the amount you will receive changes by more than £0. If you are receiving a single pension entitlement. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. mybapension. 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 will then need to register and confirm your details. After that we will only provide a pay slip if the amount you will receive changes by more than £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). If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. mybapension. The funding level had therefore improved since the last valuation, on. We’ve made improvements to myPension – your online pension tool. 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. Our Absent Friends page includes details of former colleagues who have recently died. 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. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. Carry on paying into your BA pension. AVC-only transfer options . 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. Liverpool. 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 ).