This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Your first. mybapension. Glossary. 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. Telephone +44 (0) 203 691 3215. Currently AVCs can be taken as part of the maximum tax-free lump sum of up. 50% ( Flying Staff) of your Pensionable pay. 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 click on the blue “Show selected tax forms” button to download your PDF tax. These increases are part of your rights and are not discretionary. The GMP is paid as part of your NAPS pension once you reach your GMP age. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. News articles are published on the APS and NAPS websites. 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 deferred pension does not need to be assessed against the AA unless you are a pilot who chose the three-year promotional. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. com is for staff who joined British. 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. 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. 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. 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. 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. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. 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). At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. This can be found at the top of any personal communications we have sent to you. AVC funds. You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. British Airways appoints six of the Trustee Directors as Employer Nominated Directors (ENDs). From then on your pension will be paid at the end of every month into your chosen bank or building society account. Your contributions are deducted automatically from your monthly. 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). In other words, if you choose to draw your pension on or after 1 October 2023, you will need to exchange less of your pension when taking a tax-free lump sum. This brings the total 2023 pension increase for eligible pensions to 12. 50% (Flying Staff) of your Pensionable Pay. 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). If there are questions about your benefits that you would like to see answered on this site please let us know. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. Pre-retirement seminars are open to current and former employees who are interested in retirement planning. 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. 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. Avoiding scams. 1/60. 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. PO Box 2074. mybapension. Then start a separate pension 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). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you are currently 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. com. 8 Castle Street. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. This allowable tax-free lump sum limit will. 5%. 15 March 2018. Cost of living support. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. 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. The settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. Your Dependent children can receive allowances on your death. 20 x £6,000 p. You can take your benefits any time from age 55 if you wish. It is likely that you have questions about your British Airways pension benefits. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. 65 billion (2018: £2. The term of office for a Trustee Director is for a period of between five and five-and-a-half years. Increases in NAPS are limited to a maximum of 5% per year. Your total pay within a band set by the Government each year, currently between £6,136 and £50,000. Most APS pension payments are paid in arrears and are made by the last working day of each month. There are two types of trustee directors. 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. mybapension. FIND OUT MORE Documents We’ve put all the relevant Scheme documents in. If your NAPS membership ended after 31 March 2007 you will be entitled to a pension for pre 2007 service and a pension for post 2007 service. If you haven’t used this site before, please use the details provided to you in your welcome pack. Email [email protected] to MyPension. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. · 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. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. We try to answer many of them here and you will also find lots of useful information within other areas of this site. 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. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. Close. 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). On this page are details of former colleagues who have recently passed away. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. Members of APS have some protection. Cost of living support. FEEDBACK. mybapension. Liverpool. We provide a pay slip with your first pension payment. 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). Pensions. This allowable tax-free sum limit will remain. mybapension. I am a spouse/partner or dependent of a member of NAPS. Our telephone service is currently available between 9am and 1pm, Monday to Friday. My children get. Once you arrive at the “Add your state-issued ID” page, please click on the "Get Help at PBGC MyPBA" link. mybapension. Protections are available and further information is. In October 2018, the Trustee of the Lloyds Banking. Solitaire Rules The different piles. Manage your beneficiaries. If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. PO Box 2074. 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 ). 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. 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. What BA pays. The LTA is currently c£1. The Registration Code and the Personal Identification Code is provided by the Pension Service Centre. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. PO Box 2074. 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). 24 March 2023. 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. Serious ill health. 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). Address changes can also be accepted in writing with a signature (our address is on the Contact us page). =. 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. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. Your NAPS deferred pension statement – NAPS is closing to further pension build-up on 31 March 2018. 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. My deferred pension. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. 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. Alternatively, contact BA Pensions for a provisional quote at any time. The standard rate at which your pension builds up is 1/75 (for both Flying Staff and Ground Staff) for which you pay contributions of 5. British Airways Pension Plan (BAPP) BA introduced BAPP for its existing employees on 1 April 2018. The informant will need your pension reference number when calling the team. The tapered AA affects individuals with an ‘adjusted income’ of over £260,000 a year from April 2023 but only if their ‘threshold income’ exceeds £200,000. 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 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. This is worked out as 20 times your annual rate of pension, e. Write to us at: British Airways Pensions. These can be downloaded from the latest news pages for. 7% & RPI was 8. We will provide you with a statement each year. A lump sum may be paid if no Adult Survivor’s pension is payable. 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 lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. Members who expected their benefits at retirement to be more than £1. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. The investment objective for the MPF is reviewed. Write to us at: British Airways Pensions. 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 ). Or. yearly pension at Normal Retirement Age. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. The seminars are currently being provided exclusively online, by webinar. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). 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 are receiving a single pension entitlement. The individual statements will show the new rate of. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). a. There are choices within NAPS that will: meet your needs now and in the future. 15bn in deferred contributions into the scheme between April 2018 and March 2020. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). mybapension. This is a form of LTA Protection. mybapension. 25% (Ground Staff) or 8. Looking for old news? 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). 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. mybapension. mybapension. 4 billion). 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. 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. mybapension. Normal Retirement Age is usually age 55 for Flying Staff and age 60 for Ground Staff. 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. mybapension. So if you retire on 11 August, your first payment will be on 30 September and will include pension for the period 11 August to 30 September. mybapension. 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. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. To obtain these two codes please ring 0371 384 2682, or +44. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. Alternatively, contact BA Pensions for a provisional quote at any time. If you elected to stop paying contributions and. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. mybapension. mybapension. 8 Castle Street. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). We may also hold and process some special categories or "sensitive. Divided by build-up rate. When you start. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. The Glossary contains definitions of all the technical terms used on this website. All Staff – Plan 65. Download and print the. Glossary contains definitions of all the technical terms used on this website. 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). Carry on paying into your BA pension. NAPS factor changes from 1 April 2020. Liverpool. Trust Deed and Rules. We try to answer many of them here and you will also find lots of useful information within other areas of this site. Pensions with Lifetime Allowance values between £10,000 and £30,000. 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). L69 2YL. 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). 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. give you the flexibility to adapt to your changing lifestyle. 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. 17 billion (2018: £19. marital status and relationship data, including the full name, date of birth, contact details and relationship to your proposed beneficiaries. When you leave BA you can leave your pension in APS or transfer it elsewhere. 33 billion). 7%). 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. mybapension. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve 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). 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 tax charge for the Lifetime Allowance (LTA) was removed from April 2023. 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 Trustee Directors of APS and NAPS are the Directors of BAPTL. New myPension Features. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Click here to read the most recent obituaries. 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). Email membership@ba. You can exchange part of your pension for a tax-free lump sum when you take your benefits. Your pension is paid from the day after you retire. com. British Airways Pension Services Ltd | 395 followers on LinkedIn. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. 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. mybapension. Bekijk uw betalingen. 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 LTA is currently c£1. I am separating. The funding level had therefore improved since the last valuation, on. With this rate you pay the same Scheme contributions that you would pay for the standard 1/75 build-up rate but BA then covers the cost of the additional employer’s National Insurance Contributions (NICs), currently 3. What I get from my AVC account. 1/75. You have choices, so decide for yourself what your. mybapension. 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. Before you can take up this option you will need to pass a medical examination. Welfare, Social & 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). 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. 6%. If your deferred pension has a cash equivalent value of £10,000 or less, you can exchange it for a one-off small lump sum at any time after GMP Age (age 65 - men; age 60 - women) or from age 50 if your pension does not include a Guaranteed Minimum Pension (GMP) entitlement. The GMP is paid as part of your APS pension once you reach your GMP age. Tel: 020 8538 2100. 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. Member hub. mybapension. The seminars are currently being provided exclusively online, by webinar. Deferred members. Looking for old news? mybapension. 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. 24 March 2023. You can switch from one of the funds to another on the 1st day of any month. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. mybapension. mybapension. The investment objective for the MPF is reviewed. Four of the Trustee Directors are appointed by British Airways as Employer Nominated Directors (ENDs). Contact Us Please click on the link to view the full contact details of your BAE Systems pension scheme administrator. 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. The investment objective for the MPF is reviewed. 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 addition to the contributions shown above, members who are under State Pension Age pay 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). mybapension. mybapension. This brings the total 2023 pension increase for eligible pensions to 12. APS. our website: . This can be found at the top of any personal communications we have sent to you. Changes to my life. These may have different NRA's; however, they must be treated. 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. L69 2YL. Liverpool. This can be found at the top of any personal communications we have sent to you. 1/67. You may need to check with your building society for the correct details to provide. 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 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. Your pension is flexible. 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 Scheme is still required to add inflationary increases - up to 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). Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Percentage of Pensionable Pay that you pay. 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 raised the minimum retirement to age 55 from 6. When you are approaching your NRA we will write to you with full details of your pension benefits and your options relating to your pension about four. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. 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. Deferred members. 6%. It is likely that you have questions about your British Airways pension benefits. Scheme documents. My children get. This takes you to a page featuring “My Plans. 5m (IP2014). 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. Defined Contribution Members. A pension of two-thirds of the pension you earned whilst paying the higher contributions towards an Adult Survivor’s pension (before any adjustments to your own pension such as taking a tax-free lump sum or any early retirement reduction) will automatically be paid to your husband, wife or civil partner. mybapension. 5% payment for an Adult Survivor's pension on your death. He was thrilled to do it, saying it was something he’d waited years to. g. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. Information about the Scheme, pension guidance, and accessing your pension details. mybapension. 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. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. You pay a standard rate of 7. 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 increased the minimum age for early retirement to age 55 from April 2010. 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. PO Box 2074. As an illustration, at age 60, the amount of tax-free lump sum available for every £1 of pension exchanged could be around 21% higher. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. 22. The Orders currently reflect. We may also hold and process some special categories or "sensitive. BA Pensions have today published member updates on their website for both APS & NAPS. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. 25% (Ground Staff) or 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). It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. MND Neil Blackburn’s term came to an end on 30 September 2021. As the settlement has been approved, we expect to make payment of the arrears payable backdated to 6 April 2019 with your pension payment in December 2019. mybapension. You will need your National Insurance Number and Date of Birth to register for MyPension. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. The standard Scheme contributions are: 7. 9% It’s these figures that. 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 . 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. 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. The Government raised the minimum.