Reforms in April 2016 introduced the new State Pension. Most people reaching State Pension Age this year won’t be entitled to the full amount. How much will your State Pension be?
Following the announcement of a general election, the Government is expediting the Finance (No 2) Bill before Parliament is dissolved on 3 May 2017.
After much speculation, the Treasury has announced that it would not be looking to implement ‘significant changes’ to the UK’s pension taxation system.
Under current plans the State Pension Age is due to rise to age 68 by 2046. However, an independent report suggests that it should rise to age 68 by 2039 instead.
On 26 July Ofcom set out proposals for the establishment of Openreach as a separate company owned by BT plc
As a member of the BT Pension Scheme (BTPS) you have the option to make Additional Voluntary Contributions. This section provides a high level description of this facility.
The terms of the AVC facility are subject to the Rules of BTPS and HMRC regulations, which will prevail if there is any conflict with the information on this website.
If you are unsure about any aspect of investing AVCs in BTPS, you should seek independent financial advice as government regulations prohibit BT, the BTPS Trustee or their administrators Accenture from providing advice on investing in AVCs.
If you have any AVC benefits and are approaching retirement or considering your retirement options, please read the information included in the Additional options at retirement and Pension Wise - free guidance pages.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme before 1 December 1971 and 31 March 1986
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001