On 5 June 2018, the Trustee wrote to Section A and B members who are potentially affected by a court application currently being brought by BT.
BT has applied to Court for a judicial review of an HM Treasury decision that could impact how pensions in payment are calculated for certain Section B members.
From time to time the Trustee carries out a formal review of the actuarial factors which are used to calculate certain pension benefits.
The Trustee of the Scheme has updated the Privacy Notice, which explains how we manage the personal information that we hold.
BT and the Trustee of the BT Pension Scheme have reached agreement on the 2017 triennial funding valuation.
The BTPS Additional Voluntary Contribution (AVC) facility is a tax efficient way to improve your retirement savings. You can pay extra contributions into the BTPS which are invested within a fund and which, adjusted for investment returns, are applied at retirement to provide additional pension and/or tax-free lump sum benefits. More information can be found in the AVC Guide, which can be downloaded from Useful documents.
If you pay AVCs into the BTPS you benefit from:
You should be aware that there are also other ways to increase your retirement savings:
It is for you to decide which the best savings method is for you. As for any savings it is recommended that you seek independent financial advice. A financial adviser may charge you a fee for advice.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme between 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