Section A
News feed
Section C Court Case: Update
04
Dec
2018
The Court of Appeal has now also confirmed that it is currently not possible to change from RPI to another index.
Judicial Review Update
29
Nov
2018
The High Court has now published its judgment and has determined that the decision made by Her Majesty’s Treasury was valid.
GMP Court Ruling
30
Oct
2018
You may have recently seen in the news the decision by the High Court that pension schemes should equalise benefits between women and men who have guaranteed minimum pensions.
BT Pension Scheme appoints Morten Nilsson as Chief Executive Officer
09
Oct
2018
The Trustee of the BT Pension Scheme (BTPS) is pleased to announce the appointment of Morten Nilsson as Chief Executive Officer of BT Pension Scheme Management Limited (BTPSM).
What you pay
You pay 6% of your Pensionable Salary each pay period.
These payments are known as your pension contributions and are deducted from your pay automatically. You get full tax relief on your contributions (under current law).
For example, if your salary is taxed at the basic rate of 20%, each £1 you pay into the Scheme costs you 80p. If your salary is taxed at 40%, each £1 you pay into the Scheme costs you 60p, and if taxed at 45% each £1 paid into the Scheme costs you 55p.
You will not receive tax relief on any pension savings that exceed the Annual Allowance.
Alternatively, you can decide to make your contributions through Smart Pensions, which increases your take home pay without changing your pension benefits. For more information please refer to the Smart Pension section.
You stop paying contributions if you leave the Company or when you retire, whichever happens first.
You can find out more about Contributions and Tax relief by referring to the ‘Section A Member Booklet’ in the Document library.