Section A
News feed
New online services are coming soon
13
Jan
2021
Following members’ feedback, we have been investing in technology and modernising our online services.
BTPSM appoints Wyn Francis as Chief Investment Officer
06
Jan
2021
BT Pension Scheme Management (‘BTPSM’) has announced, with immediate effect, the appointment of Wyn Francis as Chief Investment Officer.
GMP Court ruling update
08
Dec
2020
The Trustees have been in discussions with their advisers as to the steps the Scheme should take with regards to the “equalisation” of certain pension benefits.
Reforming the Retail Prices Index – changes from 2030
25
Nov
2020
Every month, the Office for National Statistics (ONS) estimates the inflation rate in the UK by calculating the change in prices of a representative basket of goods and services.
When can you retire?
As a Section A member, your Normal Pension Age (NPA) is 60. This is when you would normally draw your pension, but you can draw your pension before or after NPA.
As long as you meet HMRC regulations and have BT's agreement, you can take your pension at any time from age 55, if you carry on working for the company, or from age 50 if you leave the company.
Drawing your pension early usually means that your pension will be reduced.