2. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). NAPS 31 March 2018 Funding Valuation. Scheme documents. Increases in NAPS are limited to a maximum of 5% per year. You can. This can be found at the top of any personal communications we have sent to you. Throughout your time at BA your circumstances may change. 6%. 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. Tel: 020 8538 2100. On this page are details of former colleagues who have recently passed away. Before you can take up this option you will need to pass a medical examination. If you are receiving a single pension entitlement. The GMP is paid as part of your APS pension once you reach your GMP age. NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. The monthly contribution you make includes a 1. Was this page useful? 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). There are four different types of piles in Solitaire. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). From then on your pension will be paid at the end of every month into your chosen bank or building society account. mybapension. You can also view your yearly deferred pension statements if you usually receive these. 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. 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. At a glance. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. Liverpool. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). From then on your pension will be paid at the end of every month into your chosen bank or building society account. 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. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. Then divide this by the current LTA and multiply by 100 to work out the percentage of your LTA you have. The value to be tested against the LTA is worked out by multiplying the gross (i. Covid-19: Important update about our services - 17 March 2020. The AA for your defined benefit (DB) pension savings, such as your APS pension, will also be reduced to £50,000. Telephone +44 (0) 203 691 3215. Liverpool. mybapension. This plan is administered by Aviva Life & Pensions. 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. Get a pension estimate instantly. 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. 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. 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 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. I left before 1 April 2007. 50% ( Flying Staff) of your Pensionable pay. Looking for old news? mybapension. On this page are details of former colleagues who have recently passed away. So if your BA pension at retirement is £6,000 a year and you have an AVC balance of £5,000, the value of your pension is worked out as follows: 20 x £6,000 a year + £5,000 = £125,000. 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. It has a global traffic rank of #2510553 in the world. The Airways Pension Scheme (APS) is an occupational final salary scheme. I will work beyond Normal Retirement Age. Write to us at: British Airways Pensions. 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. 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. Please complete the United Kingdom payment instruction form for all payments within the UK. 19 hours ago · After almost seven weeks of devastating conflict between Israel and Hamas, a deal to secure the release of 50 women and children held hostage by the Islamist. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 24 March 2023. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. Liverpool. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Defined Contribution Members. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). 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 were 8. The lump sum is free of inheritance tax. At Normal Retirement Age. The Trustee Directors of APS and NAPS are the Directors of BAPTL. The PSTR number is 00302323RH. 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). Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. our website: . Members of APS have some protection. Or you can draw your whole BAMPS Account as an Uncrystallised Funds Pension. Search APS: mybapension online. 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 others, such as becoming too. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. = £120,000. 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. 24 March 2023. mybapension. com. MND Neil Blackburn’s term came to an end on 30 September 2021. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. 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. This can be found at the top of any personal communications we have sent to you. 5 billion of its pension schemes’ assetsAPS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. You can choose to take up to 25% of your pension savings as a tax-free lump sum, with. 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). Then start a separate pension in. The standard Annual Allowance is currently £60,000 a year. 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). In October 2018, the Trustee of the Lloyds Banking. mybapension. You pay a standard rate of 7. ”. 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. 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). After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. The New Airways Pension Scheme (NAPS) is an occupational final salary 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). Close. FAQs. They are: The Stock: The pile of facedown cards in the upper left corner. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. Before you change occupations you have two choices. 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. mybapension. If you haven’t used this site before, please use the details provided to you in your welcome pack. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Your BA pension is only part of the income you will receive on retirement. · 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. What I get from my AVC account. To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts (at retirement or if you take Flexible Retirement ). This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). mybapension. Members of APS have some protection. 4 billion). or the Trustee at the following address: British Airways Pensions. mybapension. Deferred members. The investment objective for the MPF is reviewed. Cost of living support. This limit is called the Annual Allowance (AA). 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. 99. The secure site trusted by over 389,000 plan members. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). mybapension. British Airways Pension Plan (BAPP) BA introduced BAPP for its existing employees on 1 April 2018. If you are making your normal Scheme contributions via BA's SmartPension arrangement the maximum AVC amount you can save is 50% of your Gross taxable pay after reductions. Your pension is flexible. gov. After that we will only provide a pay slip if the amount you will receive changes by more than £0. com is for 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). mybapension. Liverpool. 25% (Ground Staff) or 8. PO Box 2074. 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. 7%). 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. Login to MyPension. 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. Carry on paying into your BA pension. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Or, if you take a tax-free lump. L69 2YL. 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). You get automatic tax relief at your highest tax rate. mybapension. The Orders currently reflect. Ontdek hoe eenvoudig het is in onze tutorial! Check uw pensioendatum. The first payment is made at the end of the month after the month you retire. 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. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. The first payment is made at the end of the month after the month you retire. 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. There is no provision under the Scheme rules to cancel your opt out instruction once it. 7 February 2023. In 2001, Gov. 50%. Deferred members. mybapension. 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). 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). 99. Cost of living support. g. Your pension is flexible. Your Pre 2007 basic pension. Default build-up rate. mybapension. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. mybapension. 6%. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. Former BA Staff Absent Friends. Manage your beneficiaries. Protections are available and further information is. 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. When you start. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). Percentage of Pensionable Pay that you pay. Avoiding scams. These can be downloaded from the latest news pages for. 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. Tel: 020 8538 2100. Members who expected their benefits at retirement to be more than £1. My deferred pension. 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. 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 Scheme’s liabilities, or Technical Provisions* (the value of the pension benefits the Scheme expects to pay out over time) had increased to £21. 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). 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. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. L69 2YL. Alternatively, the informant can fill in our ' Death notification. You can exchange part of your pension for a tax-free lump sum when you take your benefits. With myPension you can access your personal pension information,. The LTA is currently c£1. 56% interest. Liverpool. 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). The Trustee will continue to provide AA statements for members whose pension input amount exceeds the standard £60,000 AA. In addition, members under State Pension Age who have not selected the 1/83 pension build up rate pay an additional 3. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 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). 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. 17. 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 is responsible for paying any increases due on your GMP until you reach your GMP age. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. 8 Castle Street. 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 you with a statement each 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). Former BA Staff Absent Friends. 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). mybapension. mybapension. Click here to read the most recent obituaries. mybapension. You can contact us at any time from age 55 if you wish to draw a reduced pension. The Government increased the minimum age for early retirement to age 55 from April 2010. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. News articles are published on the APS and NAPS websites. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. 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 value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. If you've already received a user ID, you can log in using your username and password. 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 settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. 1/60. 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 total pay within a band set by the Government each year, currently between £6,136 and £50,000. If, as a result of separating from your spouse or partner, you want to stop making the additional payment, you can do so for the future by filling out the Adult Survivor's pension opt out form or by writing to us, giving at least one calendar. After that we will only provide a pay slip if the amount you will receive changes by more than £0. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). You can choose to use it all to provide a monthly income, or take part of it as a lump sum on retirement. mybapension. 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 informant will need your pension reference number when calling the team. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. Paying the NAPS transitional option into the new scheme. Alternatively, the informant can fill in our ' Death notification. £21. 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. Or please use our online ‘ contact us ’ form to get in touch with us. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. Alternatively, the informant can fill in our ' Death notification. mybapension. The PSTR number is 00302323RH. When you leave BA you can leave your pension in APS or transfer it elsewhere. give you the flexibility to adapt to your changing lifestyle. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. New retirement and transfer value factors are in full. 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. Our Absent Friends page includes details of former colleagues who have recently died. mybapension. British Airways Pension Services Ltd | 395 followers on LinkedIn. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. Percentage of Pensionable Pay that you pay. You can delay receiving your pension after your Normal Retirement Age, up to a maximum of age 75. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. These may have different NRA's; however, they must be treated. 20 x £6,000 p. . Avoiding scams. 1/67. We provide a pay slip with your first pension payment. 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. Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. 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). 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 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. However, APS members who leave British Airways and draw all their pension. 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 closure – latest news. We must receive your written instruction by the 20th of the month for the. 17. Alternatively, the informant can fill in our ' Death notification. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. I left before 1 April 2007. The Scheme’s funding deficit on 31 March 2021 was £1. 22. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. You then have a further opportunity to make a transfer of any remainingContact us at: Send a message via ' Contact us '. Assets held by Naps covered only 87. 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). If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. *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. com is for staff who joined British. mybapension. 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. This takes you to a page featuring “My Plans. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. After that we will only provide a pay slip if the amount you will receive changes by more than £0. If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. The 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. 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. 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. PO Box 2074. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 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. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. If you are a small or medium-sized business and would like to earn your company points when your employees travel. You get: a 'Post 2007' service pension worked out as 1/60 of your pay at retirement for every year of Pensionable Service in Plan 60 between 1 April 2007 and 30 September 2010, plus 1/75 of your pay for every further. Pension increases. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. The 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). We would like to show you a description here but the site won’t allow us. More about defined contribution schemes. 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. 8 Castle Street. The TCFD developed a framework to help public companies and other organisations disclose climate-related risks and opportunities. 20 x £6,000 p. The Government gives. Providing pension. 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. 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. put you in control of your financial future and planning. Claer Barrett,. 25% ( Ground Staff) or 8. Write to us at: British Airways Pensions. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100.