SMART Pensions

SMART Pensions increases your take home pay without changing your pension benefits.

SMART Pensions works as follows:

  • your pension contributions will stop;
  • the Company will make an equivalent pension contribution on your behalf;
  • the Company will offset their contribution by reducing your gross salary by the same amount; and
  • as your gross salary reduces so will the National Insurance (NI) you pay, resulting in an increase in your take-home pay. The Company's NI costs are also reduced.

For more information about SMART Pensions and details of who may not benefit from joining SMART Pensions, please refer to the Pensions pages on the BT Intranet.