If the value of your pension benefits from all UK registered pension schemes exceeds the LTA at the point you draw them, you will incur a tax charge on the amount over the LTA in force at that date. mybapension. Looking for old news? mybapension. FAQs. 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). To arrange an additional dependant's pension, you must contact BA Pensions before your pension starts. com. If you have a general pension question, you may find the answer to your query on the ‘ FAQs ’ page. In addition, members under State Pension Age who have not chosen the 1/54 build-up rate (Flying Staff) or the 1/58 build-up rate (Ground Staff) pay an additional 3. mybapension. 17 March 2023. 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. 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). More about defined contribution schemes. 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. When I die. If you leave your pension in APS it is called a deferred pension. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. 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. Glossary. 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. Alternatively, contact BA Pensions for a provisional quote at any time. of the Balfour Beatty Pension Fund (BBPF) To access information about your pension benefits. There is no provision under the Scheme rules to cancel your opt out instruction once it. mybapension. Glossary. 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). Write to us at: British Airways Pensions. You cannot give or 'assign' your benefits. My deferred pension. 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 a small or medium-sized business and would like to earn your company points when your employees travel. You get automatic tax relief at your highest tax rate. If you retire early, any pension paid before its relevant Normal Retirement Age will be reduced because you and BA will have paid fewer contributions than expected to fund your final benefits and the pension will be paid for a longer period of time. You will need your National Insurance Number and Date of Birth to register for MyPension. 20 x £6,000 p. Deferred members. mybapension. These can be downloaded from the latest news pages for. 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. com is for staff who. Send a message via ' Contact us '. From then on your pension will be paid at the end of every month into your chosen bank or building society account. Members of earlier parts of the Airways Pension Scheme (Parts 1 – 5) should contact BA pensions with any specific. Register for My Account. We may also hold and process some special categories or "sensitive. · 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. mybapension. 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. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. a. 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). I will work beyond Normal Retirement Age. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The NAPS membership elects five Trustee Directors as MNDs as follows:The individual's AA for 2020/21 is therefore: £60,000 - £17,360. There are two types of trustee directors. Liverpool. If you leave your pension with BA it is called a deferred pension. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. mybapension. The value of your Additional Voluntary Contributions (AVCs) account will depend on: the length of time your AVCs have been invested. This allowable tax-free lump sum limit will. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. 1. 1. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. The GMP is paid as part of your APS pension once you reach your GMP age. Search APS:. Message from the NAPS Trustee - Rule amendments for the closure of the New Airways Pension Scheme (NAPS) to future pension build-up. The Airways Pension Scheme (APS) is an occupational final salary scheme. 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. Write to us at: British Airways Pensions. 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. 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. This form is now available as an online form, which you can submit directly to the Pensions team. If you are receiving a single pension entitlement from us, your pension reference number will usually be. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). You can choose to take up to 25% of your pension savings as a tax-free lump sum, with. 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. BA Pensions have today published member updates on their website for both APS & NAPS. 1/60. There are two options within NAPS final salary – Plan 65 and Plan 60 for service after 1 April 2007. 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. If you haven’t used this site before, please use the details provided to you in your welcome pack. Covid-19: Important update about our services - 17 March 2020. BA has confirmed that Ian. The lump sum is broadly the difference between benefits you have received, if any, and your contributions plus interest. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). gov registration process, which includes setting up an email and password for future logins. 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. On this page are details of former colleagues who have recently passed away. The GMP is paid as part of your NAPS pension once you reach your GMP age. Welfare, Social & Benefits. The amount. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Members who expected their benefits at retirement to be more than £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). We provide a pay slip with your first pension payment. 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. 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). January 2020. 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). The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. mybapension. Key facts: You can save any amount up to 50% of your gross taxable pay. 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. Your line manager or Employee Services contact should provide you with your retirement and leaving forms. 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. mybapension. If you are receiving a single pension entitlement from us, your pension reference number will usually be. com. The Government raised the. mybapension. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). At Normal Retirement Age. You will then need to register and confirm your details. CPI was 6. Search APS: mybapension online. Ontdek hoe eenvoudig het is in onze tutorial! Check uw pensioendatum. It is likely that you have questions about your British Airways pension benefits. This helpline is open Monday to. 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. mybapension. Or. Write to us at: British Airways Pensions. 6%. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . Before you change occupations you have two choices. 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. Check the square box next to the plan name (s) for the 1099 (s) you want to download. British Airways Pensions has today announced the appointment of BlackRock as the outsourced chief investment officer (OCIO) for c. 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. Our Absent Friends page includes details of former colleagues who have recently died. At a glance. FAQs. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. 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. 00%. If you plan to work beyond your Normal Retirement Age, you will automatically continue paying contributions to the Scheme. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. Or please use our online ‘ contact us ’ form to get in touch with us. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. mybapension. Before you can take up this option you will need to pass a medical examination. Information on the British Airways Money Purchase (BAMPS) section of NAPS, which closed to active members on 1 October 2012, is available in the Deferred members area of this website. You cannot give or 'assign' your benefits. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. Your pension is flexible. When you are approaching your Normal Retirement Age, we will write to you with full details of your pension benefits and your options relating to your pension about four months beforehand. mybapension. 1. May 24, 2018. com. The Government’s pension arrangements differ depending on whether you reach your State. 1/75. You pay a standard rate of 7. Vraag uw pensioen aan. mybapension. BA Pensions service update. mybapension. The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. NAPS Consolidated Trust Deed and Rules – June 2019. The Government raised the minimum retirement age to age 55 from 6 April 2010. The informant will need your pension reference number when calling the team. Alternatively, contact BA Pensions for a provisional quote at any time. January 2022 obituaries. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). Mybapension. 20 March 2018. Manage your beneficiaries. 07m and will still apply in most cases if you draw a pension before 6 April 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 Pension Scheme (NAPS). mybapension. 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. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. All new employees since April 2012 have had access to a Defined Contribution (DC) pension scheme. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Your Dependent children can receive allowances on your death. It has a global traffic rank of #2510553 in the world. com is for staff. PO Box 2074. Search APS: mybapension online. mybapension. In addition to the contributions shown above, members who are under State Pension Age pay 3. mybapension. Employee Self Service - Logout. Search NAPS: mybapension online. The lump sum does not have to be paid to your spouse, partner or surviving dependant. mybapension. The investment objective for the MPF is reviewed. From then on your pension will be paid at the end of every month into your chosen bank or building society account. = £120,000. mybapension. He was thrilled to do it, saying it was something he’d waited years to. mybapension. com. 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. Email membership@ba. Liverpool. 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 Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme. What we'll send to you, how and when. a. The Glossary contains definitions of all the technical terms used on this website. 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 seminars are currently being provided exclusively online, by webinar. 20 x £6,000 p. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 17. AVC funds. 50%. 24 March 2023. Absent Friends Supplied by British Airway PensionsThe government gives. 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. 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 seminars are open to current and former employees who are interested in retirement planning. 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. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. We must receive your written instruction by the 20th of the month for the. The lump sum is free of inheritance tax. This brings the total 2023 pension increase for eligible pensions to 12. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The LTA is currently c£1. 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. Four Trustee Directors are elected by APS members and pensioners as Member Nominated Directors. Information about the Scheme, pension guidance, and accessing your pension details. 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 was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5 April 2016. 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. Our 2021 Annual Report and Financial Statements now available. 6%. What you get at retirement. 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. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. Email [email protected] to MyPension. What you get at retirement. 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. Once you arrive at the “Add your state-issued ID” page, please click on the "Get Help at PBGC MyPBA" link. 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. Here’s how it works: Start by completing the Login. Write to us at: British Airways Pensions. Don't get stung! Get authorised help and advice about your NAPS pension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 5%. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. 5% Flying Staff. mybapension. Keep aside the APS pension that has built up for your Pensionable Service in your old occupation. 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. A lump sum may be paid if no Adult Survivor’s pension is payable. 1% of Band Earnings. mybapension. Annual Report on the Socially Responsible Investment Programme for the year to 31 March 2018. If you leave your pension with BA it is called a deferred pension. 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. Liverpool. If you do not have a user ID, you can request one from your NHS Pensions contact. 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. We try to answer many of them here and you will also find lots of useful information within other areas of this site. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. The individual statements will show the new rate of. They are: The Stock: The pile of facedown cards in the upper left corner. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. A lump sum may be paid if no Adult Survivor’s pension is payable. 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. Liverpool. We will provide full details of the payments and individual statements to all eligible members when payment is made in December. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New. Your Pre 2007 basic pension. 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). Cost of living support. PO Box 2074. The seminars are currently being provided exclusively online, by webinar. 1 per cent of its expected liabilities, even though British Airways paid £1. 1/67. The Government raised the minimum retirement to age 55 from 6. The GMP is paid as part of your APS pension once you reach your GMP age. If you are in Plan 65, half the potential. Former BA Staff Absent Friends. 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 Orders currently reflect. The monthly contribution you make includes a 1. The Scheme is a Registered Pension Scheme approved under Chapter 2 of the Finance Act 2004. Our 2021 Annual Report and Financial Statements now available. 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. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. mybapension. You can switch from one of the funds to another on the 1st day of any month. We provide a pay slip with your first pension payment. 9% It’s these figures that. Please have your Aviva Plan number or. To book a place, contact Vanessa Rowley or Kasia Ambrose on 020 3691 3215 or email: membership@ba. mybapension. Members of APS have some protection. The standard Scheme contributions were 8. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in 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). 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. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is removed and. Looking for old news? mybapension. mybapension. Avoiding scams. 8 Castle Street. I am a spouse/partner or dependent of a member of NAPS. · 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. If you are in Plan 60, half the potential service to age 60 would be included in the calculation of your ill health pension. The informant will need your pension reference number when calling the team. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you 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. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. 99. mybapension. ’ page of our website, 1. mybapension. L69 2YL. Your pension is flexible. 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. 25% of Pensionable Pay. mybapension. You can also view your personal benefit statements if you usually receive these. a. mybapension. BA Pensions service update. 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. 18th October 2023 saw the official ONS release of UK inflation figures for September. Telephone +44 (0) 203 691 3215. mybapension. Defined Contribution Members. 6% and for NAPS it will be 5%. You can contact the General Counsel at British Airways Pension Services Ltd. com is for staff. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 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. My children get. To obtain these two codes please ring 0371 384 2682, or +44. 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. 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. Or please use our online ‘ contact us ’ form to get in touch with us. Our Absent Friends page includes details of former colleagues who have recently died. Information Information about the Scheme, pension guidance, and accessing your pension details. The Registration Code and the Personal Identification Code is provided by the Pension Service Centre. g. Liverpool. Then start a separate pension in. Pension Fund (BBPF) (DC Section) Welcome to the website for the DC Section. What you pay. If there are questions about your benefits that you would like to see answered on this site please let us know. You can also view your yearly deferred pension statements if you usually receive these. In addition, members under State Pension Age who have not selected the 1/83 pension build up rate pay an additional 3. Login to Mybapension Online to use the online deferred pension modeller to view your pension and lump sum options at different retirement ages. Cost of living support. mybapension. 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. Divided by build-up rate. Your pension is paid from the day after you retire. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. Your first. L69 2YL. Additional Voluntary Contributions (AVCs) You can save AVCs on top of your basic Scheme pension and they are a tax-efficient way of saving for extra pension or lump sum benefits when you retire. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 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 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. 25% Ground Staff.