mybapension. If you have any concerns, you should contact the Pension Credit helpline on 0800 731 0469. Scheme updates. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. 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. October 2019. Members of APS have some protection. You may become a parent, get married or start a committed relationship. mybapension. You have one opportunity to make a transfer of part (or all of your AVC Account ) the time of, at or before, drawing your main Scheme pension. To provide an additional dependant's pension you must give up part of your own pension permanently. Your deferred pension does not need to be assessed against the AA unless you are a pilot who chose the three-year promotional. This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). 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. Redirecting to ESS Home in 10 seconds. Please have your Aviva Plan number or. Welfare, Social & Benefits. L69 2YL. 25% 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). This brings the total 2023 pension increase for eligible pensions to 12. PO Box 2074. 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. 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. Click here to read the most recent obituaries. 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. Before you can take up this option you will need to pass a medical examination. 1% of Band Earnings. Looking for old news? mybapension. Email [email protected] Airways Pension Trustees Limited (BAPTL) is a company established to hold the assets of the Airways Pension Scheme (APS) and the New Airways Pension Scheme (NAPS), with BAPTL acting in law as the Custodian Trustee of the assets of both schemes. 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. Alternatively, contact BA Pensions for a provisional quote at any time. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 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 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. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). The settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. You can also view your yearly deferred pension statements if you usually receive these. Scheme information. 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). Bekijk uw aanvullend pensioen. 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. 5 billion of its pension schemes’ assetsAPS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. Covid-19: Important update about our services - 17 March 2020. The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. 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. 7 February 2023. BA Pensions service update. You can take your benefits any time from age 55 if you wish. Members of earlier parts of the Airways Pension Scheme (Parts 1 – 5) should contact BA pensions with any specific. 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. 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. Search APS: mybapension online. Before you change occupations you have two choices. 5%. mybapension. This is provided by the Mercer Master Trust and is called the MMT – BAE Systems Retirement Savings Plan and is administered by Scottish Widows. You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. Log in to see the personal statements and tools available 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). 17. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. 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. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. 5 March 2018. mybapension. 6%. 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. · 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. 6%. 5%. 6%. 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. With BA pensions, you have a good basic package but you can improve it by saving more. Cost of living support. I am a spouse/partner or dependent of a member of NAPS. Trust Deed and Rules. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Send a message via ' Contact us '. You can contact the General Counsel at British Airways Pension Services Ltd. Pensions for state employees and teachers have been a wrench in the gears of Pennsylvania government for decades. The Government gives. 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). State Pension age is now equal for men and women (and gradually rising to 68 for people born after 6 April 1970), but the ages that GMPs apply from have not changed. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 1% of Band. Liverpool. mybapension. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. 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. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Then click on the blue “Show selected tax forms” button to download your PDF tax. The Government gives. Paying the NAPS transitional option into the new scheme. Carry on paying into your BA pension. Your total pay within a band set by the Government each year, currently between £6,136 and £50,000. Pensioner hub. My deferred pension. Keep aside the APS pension that has built up for your Pensionable Service in your old occupation. 5% from 10 April 2023. You can read the full report here. You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. 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. 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. Deferred members. This can be found at the top of any personal communications we have sent to you. Pension increases. mybapension. 7 months full-time = 7 months. 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. 99. mybapension. mybapension. mybapension. mybapension. There are two types of trustee directors. 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). 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. I left before 1 April 2007. 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. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. 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. Information Information about the Scheme, pension guidance, and accessing your pension details. 50%. 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. Click here to read the most recent obituaries. To obtain these two codes please ring 0371 384 2682, or +44. 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. The New Airways Pension Scheme (NAPS) is an occupational final salary scheme. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5. 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. Total pensionable service = 11 months (or 91. If you are receiving a single pension entitlement. 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. mybapension. Log in to see the personal statements and tools available to you. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. mybapension. mybapension. The seminars are currently being provided exclusively online, by webinar. 56% interest. You can switch from one of the funds to another on the 1st day of any month. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 8 Castle Street. In APS, you pay a standard rate of 7. 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. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). 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. The first payment is made at the end of the month after the month you retire. Mybapension. It is a domain having com extension. 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 number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. com is for staff who joined British Airways before 1 April 2003 and are. The GMP is paid as part of your NAPS pension once you reach your GMP age. mybapension. Avoiding scams. 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. You will then need to register and confirm your details. You get automatic tax relief at your highest tax rate. BA Pensions have today published member updates on their website for both APS & NAPS. · 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. Your BA pension is only part of the income you will receive on retirement. 17 March 2023. Or please use our online ‘ contact us ’ form to get in touch with us. Check the square box next to the plan name (s) for the 1099 (s) you want to download. give you the flexibility to adapt to your changing lifestyle. BA Pensions service update. It is likely that you have questions about your British Airways pension benefits. 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). 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. The Government raised the minimum retirement age to age 55 from 6 April 2010. mybapension. Changes to my life. mybapension. 50% (Flying Staff) of your Pensionable Pay. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. 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. Your scheme administrator should be the first point of. Your Pre 2007 basic pension. You get automatic tax relief at your highest tax rate. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. PO Box 2074. Login to MyPension. 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. If you are in Plan 60, half the potential service to age 60 would be included in the calculation of your ill health pension. Liverpool. You can contact us at any time from age 55 if you wish to draw a reduced pension. This plan is administered by Aviva Life & Pensions. The Scheme is still required to add inflationary increases - up to the. Vraag uw pensioen aan. 8 Castle Street. mybapension. g. 22. The seminars are currently being provided exclusively online, by webinar. mybapension. You should give this option careful consideration as opting out means you will be giving up valuable pension scheme benefits. Write to us at: British Airways Pensions. To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts. If there are questions about your benefits that you would like to see answered on this site please let us know. 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 before logging in for the first time. 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. Since 6 April 2016, if you are under State Pension Age you also pay 3. The lump sum does not have to be paid to your spouse, partner or surviving dependant. The Scheme is still required to add inflationary increases - up to the. 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. Bekijk uw betalingen. 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. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. The extra service after Normal Retirement Age for which you pay contributions, plus any increases to Pensionable Pay you receive after Normal Retirement Age, will be included in your. The secure site trusted by over 389,000 plan members. These increases are part of your rights and are not discretionary. If you haven’t used this site before, please use the details provided to you in your welcome pack. 99. 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). They are: The Stock: The pile of facedown cards in the upper left corner. If your pension in payment has a cash equivalent value* of £10,000 or less (currently pensions up to approximately £500 a year), you can exchange it for a one-off small lump sum at any time after GMP Age (age 65 - men; age 60 - women) or from age 50 if your pension does not include a Guaranteed Minimum Pension (GMP) entitlement. The Government’s pension arrangements differ depending on whether you reach your State. The Government raised the. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff. 4 billion). We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Liverpool. 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). FAQs. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. 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. Our 2021 Annual Report and Financial Statements now available. L69 2YL. 1/67. Cost of living support. 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. gov registration process, which includes setting up an email and password for future logins. We’ve made improvements to myPension – your online pension tool. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. mybapension. 5. When you leave BA you can leave your pension in APS or transfer it elsewhere. Protect your Information : If you are not using a BA PC please read this advice on how to Delete Temporary Files. BA has advised that the contribution will be added to your BAPP account in April, after the start of the new tax. APS is administered by a Corporate Trustee (Airways Pension Scheme Trustee Ltd), made up of eight Trustee Directors. 1/67. com. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. This takes you to a page featuring “My Plans. = £104,000. Your BA pension is only part of the income you will receive on retirement. This can be paid at, or after, your 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. 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). PO Box 2074. 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. 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. 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. Percentage of Pensionable Pay that you pay. 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. com is for staff who joined British. PO Box 2074. Under BAMPS, you can take 25% of your fund as a tax-free cash lump sum and use the remaining balance to buy a pension from NAPS or an insurance company using the money that has built up in your individual retirement account to this earlier retirement date. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Increases in NAPS are limited to a maximum of 5% per year. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. Yes No. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. 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. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. Currently AVCs can be taken as part of the maximum tax-free lump sum of up to 25% of the available Lifetime Allowance. When you leave British Airways ( BA) or if you opt out of the pension Scheme, you will usually be entitled to a deferred pension due to be paid from your Normal Retirement Age . 8 Castle Street. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. When I die. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. You can do this by logging in to Mybapension online. 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. 1. 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). 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. Liverpool. The Government increased the minimum age for early retirement to age 55 from April 2010. 15 min ago. 50%. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. L69 2YL. 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 PSTR number is 00302323RH. 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). It has a global traffic rank of #2510553 in the world. 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). g. FIND OUT MORE Documents We’ve put all the relevant Scheme documents in. mybapension. mybapension. When 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). com is for staff who joined British. 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. Don't get stung! Get authorised help and advice about your NAPS pension. If you are receiving a single pension entitlement. It is likely that you have questions about your British Airways pension benefits. Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. In addition, members under State Pension Age who have not selected the 1/83 pension build up rate pay an additional 3. The Waste: The. Or, if you take a tax-free lump. Click here to read the most recent obituaries. The information on this site describes the benefits and options available from Part 6 of the Airways Pension Scheme. 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. The Scheme’s funding deficit on 31 March 2021 was £1. 22. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. 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). Percentage of Pensionable Pay that you pay. January 2020. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. 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. Alternatively, contact BA Pensions for a provisional quote at any time. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). We provide a pay slip with your first pension payment. or the Trustee at the following address: British Airways Pensions. Carry on paying into your BA pension. Employee Self Service - Login; Select login type; BSAFEYou can find information about your pension online – anytime, anywhere. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Liverpool. Providing pension. You have choices to pay more and also have security for your family and in case you fall ill before retirement. 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. Former BA Staff Absent Friends. 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. This allowable tax-free sum limit will remain. Our Absent Friends page includes details of former colleagues who have recently died. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 56% interest. Glossary. com. Search APS: mybapension online. Search APS:. mybapension. BA Pensions have announced today that the scheme rises for APS will be 12. Retirement flexibility – You have mentioned that your earnings have reduced following your redundancy and, if you were to retain the BA pension, and the retirement age was say 60, you could. mybapension. We will provide full details of the payments and individual statements to all eligible members when payment is made in December. Payment of any Discretionary Increase and/or backdated payments may affect your entitlement to Pensions Credit. Member hub. mybapension. mybapension. APS. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. 00%. All Staff – Plan 65. May 24, 2018. The amount. More about defined contribution schemes. The Airways Pension Scheme (APS) is an occupational final salary scheme. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 99. 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. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for 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).