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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). HM Revenue and Customs sets a limit for the amount you. 1 per cent of its expected liabilities, even though British Airways paid £1. The Airways Pension Scheme (APS) is an occupational final salary scheme. We provide a pay slip with your first pension payment. The investment objective for the MPF is reviewed. 9% It’s these figures that. Our Absent Friends page includes details of former colleagues who have recently died. On this page are details of former colleagues who have recently passed away. com is for staff who joined British Airways before 1 April 2003 and are. 8 Castle Street. We try to answer many of them here and you will also find lots of useful information within other areas of this site. 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. Percentage of Pensionable Pay that you pay. Information about the Scheme, pension guidance, and accessing your pension details. On this page are details of former colleagues who have recently passed away. L69 2YL. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Total pensionable service = 11 months (or 91. It is a domain having com extension. This can be found at the top of any personal communications we have sent to you. Your deferred pension is worked out using a standard formula: Retiring Pay x pensionable service. Protections are available and further information is. 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. You can access your pension statements, modeller, payslips and more online. Click here to read the most recent obituaries. PO Box 2074. Je pensioen, dat is iets om naar uit te kijken! Je bent op de juiste plek om je pensioen aan te vragen. The Scheme is still required to add inflationary increases - up to the. There are four different types of piles in Solitaire. mybapension. The PSTR number is 00306884RH. 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. Don't get stung! Get authorised help and advice about your NAPS pension. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS). This is currently paid tax-free. 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 50%. After that we will only provide a pay slip if the amount you will receive changes by more than £0. mybapension. 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 pay a standard rate of 7. Alternatively, the informant can fill in our ' Death notification. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. You may need to check with your building society for the correct details to provide. 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. mybapension. 56% interest. NAPS closure – latest news. The Waste: The. The standard Scheme contributions are: 7. Once you arrive at the “Add your state-issued ID” page, please click on the "Get Help at PBGC MyPBA" link. If you are receiving a single pension entitlement from us, your pension reference number will usually be. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. mybapension. mybapension. mybapension. 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. There are two options within NAPS final salary – Plan 65 and Plan 60 for service after 1 April 2007. PO Box 2074. A factor of 16 is used to work out the value of a final salary pension to compare against the AA, so this would be equivalent to a. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. Looking for old news? 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. FAQs. Register for My Account. You can also view your personal benefit statements if you usually receive these. Global Vote Activity for the year to 31 March 2018. The Government raised the minimum retirement age to age 55 from 6 April 2010. We may also hold and process some special categories or "sensitive. Avoiding scams. The TCFD developed a framework to help public companies and other organisations disclose climate-related risks and opportunities. Our 2021 Annual Report and Financial Statements now available. mybapension. British Airways Pension Services Ltd | 395 followers on LinkedIn. 8. 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 Normal Retirement Age. 17 March 2023. 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. 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. mybapension. 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. 7 February 2023. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme. When you start. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Details of all charges that apply to your scheme, your Trustees' assessment of value for money, and your Trustees' investment governance activity are shown in. We try to answer many of them here and you will also find lots of useful information within other areas of this site. Click here to read the most recent obituaries. The Corporate Trustee. 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. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. From then on your pension will be paid at the end of every month into your chosen bank or building society account. mybapension. 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. Your pension is flexible. Was this page useful? mybapension. 99. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. 7%). If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. 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. 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). 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. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Throughout your time at BA your circumstances may change. Vraag uw pensioen aan. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. Contact Aviva directly on 0345 030 7964. 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). 50%. 50% (Flying Staff) of your Pensionable Pay. Most APS pension payments are paid in arrears and are made by the last working day of each month. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. 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. NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. You can switch from one of the funds to another on the 1st day of any month. If you are a small or medium-sized business and would like to earn your company points when your employees travel. Carry on paying into your BA pension. 33 billion). 50% (Flying Staff) of your Pensionable Pay. The Trustee will continue to provide AA statements for members whose pension input amount exceeds the standard £60,000 AA. A Late retirement increase will be added to your Pre 2007 service pension and you will have five choices in respect of your pension, which are. The investment objective for the MPF is reviewed. The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts. With this rate you pay the same Scheme contributions that you would pay for the standard build-up rate 1/52 (Flying Staff) or 1/56 (Ground Staff) but BA then covers the cost of the. When I die. mybapension. 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). The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. Write to us at: British Airways Pensions. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Pensions for state employees and teachers have been a wrench in the gears of Pennsylvania government for decades. 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. It is likely that you have questions about your British Airways pension benefits. 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. 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. 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. 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). Liverpool. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The Government gives. L69 2YL. January 2022 obituaries. mybapension. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5. 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). 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. 5% Flying 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 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 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. Carry on paying into your BA pension. There are choices within NAPS that will: meet your needs now and in the future. mybapension. 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 also view your yearly deferred pension statements if you usually receive these. Check the square box next to the plan name (s) for the 1099 (s) you want to download. Or please use our online ‘ contact us ’ form to get in touch with us. More about defined contribution schemes. This can be found at the top of any personal communications we have sent to you. What BA pays. You are now logged out. The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. For others, such as becoming too. Retiring Pay - this is usually the average of your pensionable pay over the last two years (or three years in APS Part 5) of pensionable service. For example, if you work on a TPT basis for five months, working 80% of your normal, full-time hours, and then return to full-time working for the next seven months, your pensionable service for the year would be: 5 months x 80% = 4 months. Pension Fund (BBPF) (DC Section) Welcome to the website for the DC Section. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. You may become a parent, get married or start a committed relationship. 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. 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. 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. The resources below can provide help and support during these challenging times. a. Or. The Glossary contains definitions of all the technical terms used on this website. In June you voted to elect Kate Gay, and re-elect Jack Weale, as member-nominated Trustee Directors (MNDs) from the pensioner membership. 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 Glossary contains definitions of all the technical terms used on this website. You can also view your personal benefit statements if you usually receive these. The Government’s pension arrangements differ depending on whether you reach your. 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. 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. Close. Then start a separate pension in. It has a global traffic rank of #2510553 in the world. Alternatively, the informant can fill in our ' Death notification. Scheme documents. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). mybapension. 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 LTA is currently c£1. Aviva also offers mandatory and voluntary Scheme pays options. Annual Report on the Socially Responsible Investment Programme for the year to 31 March 2018. Write to us at: British Airways Pensions. After that we will only provide a pay slip if the amount you will receive changes by more than £0. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. 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. 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. Member hub. 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. mybapension. Pensions with Lifetime Allowance values between £10,000 and £30,000. 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 telephone service is currently available between 9am and 1pm, Monday to Friday. Liverpool. You can contact the General Counsel at British Airways Pension Services Ltd. 7% & RPI was 8. mybapension. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. mybapension. 00%. 56% interest. 22. My deferred pension. 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. mybapension. 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. mybapension. At a glance. Or, if you take a tax-free lump. The Government increased the minimum age for early retirement to age 55 from April 2010. Welcome to My NHS Pension. 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). (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). 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. 25% (Ground Staff) or 8. 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. To provide an additional dependant's pension you must give up part of your own pension permanently. CPI was 6. The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. Pensions. Tel: 020 8538 2100. PO Box 2074. You should give this option careful consideration as opting out means you will be giving up valuable pension scheme benefits. ’ page of our website, 1. You can choose to take up to 25% of your pension savings as a tax-free lump sum, with. 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. You can exchange part of your pension for a tax-free lump sum when you take your benefits. 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). 18th October 2023 saw the official ONS release of UK inflation figures for September. L69 2YL. I am separating. 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. 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). Deferred members. 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. Alternatively, the informant can fill in our ' Death notification. Our telephone service is currently available between 9am and 1pm, Monday to Friday. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. Scheme information. 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 ). We’ve made improvements to myPension – your online pension tool. Tom Ridge signed a law that expanded pensions for those employees by 25% — and even more for state lawmakers. 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. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be optimally indexed by Google via AI and sorted into the right category for over 500 million ePaper readers on YUMPU. mybapension. On this page are details of former colleagues who have recently passed away. If you need any information on how your plan is performing, you can either: Log into your BAPP account via the BA intranet, Aviva’s My Workplace app or. 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). Pre-retirement Courses. After being made redundant by British Airways last year, I have retrained as a teacher. Your reference number: Your password: Forgotten your password? Having problems logging in? How to login How to Login Close Welfare, Social & Benefits. However, this will vary according to your age when. 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). mybapension. 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. mybapension. APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). Call us on: 020 8538 2100 Fax us on: 020 8538 2190. 1/67. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. The lump sum does not have to be paid to your spouse, partner or surviving dependant. Alternatively, contact BA Pensions for a provisional quote at any time. Members who expected their benefits at retirement to be more than £1. Your basic pension = (your Pensionable Service x your Retiring Pay) divided by 52 build-up rate ( Flying Staff) or by 56 build-up rate (Ground Staff). The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. mybapension. Members of 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). We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. 6%. AVC-only transfer options . You can register for online communications at any time by clicking the 'Register' button, then following the on-screen instructions. 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. NAPS 31 March 2018 Funding Valuation. 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. com is 2 decades 6 months old. 1. 1. My children get. 5m (IP2014). BA Pensions service update. com. The funding level had therefore improved since the last valuation, on. Your BA pension is only part of the income you will receive on retirement. 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. Mybapension. Or you can draw your whole BAMPS Account as an Uncrystallised Funds Pension. mybapension. mybapension. 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. The informant will need your pension reference number when calling the team. The Government raised the minimum retirement age to age 55 from 6 April 2010. PO Box 2074. It is likely that you have questions about your British Airways pension benefits. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). When you leave BA you can leave your pension in APS or transfer it elsewhere. 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. 24 March 2023. When you start. mybapension. PO Box 2074. 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. In addition, members under State Pension Age who have not selected the 1/54 pension build-up rate (Flying Staff) or the 1/58 build-up rate (Ground Staff) pay an additional 3. 1/75. 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 individual statements will show the new rate of. 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. However, APS members who leave British Airways and draw all their pension. I left before 1 April 2007. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. 00%. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. mybapension. Liverpool. BA Pensions service update. The informant will need your pension reference number when calling the team. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. 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. Key facts: You can save any amount up to 50% of your gross taxable pay. 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. Please quote your pension number (which is the same as your old BA staff number) in all correspondence. mybapension. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. NAPS amendments to Trust Deeds since June 2019. 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. L69 2YL. 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. com is for staff who. mybapension. 1% of the Band Earnings. You can read the full report here. com is for staff who joined British. 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. The GMP is paid as part of your NAPS pension once you reach your GMP age. mybapension. £21. mybapension. BA has confirmed that Ian. 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. mybapension. *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 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 pension modeller to view your pension and lump sum options at different retirement ages. yearly pension at Normal Retirement Age. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). What you get at retirement. Cost of living support. mybapension. Telephone +44 (0) 203 691 3215. This form is now available as an online form, which you can submit directly to the Pensions team. However, APS members who leave British Airways and draw all their pension.