09
Apr
2021
The Trustees of these defined benefit schemes, which represent nearly 450,000 members and £83bn of assets, believe the implications of this decision have not been fully considered.
24
Feb
2021
The Trustees of the BT Pension Scheme, Ford Pension Schemes and Marks and Spencer Pension Scheme have today announced that
13
Jan
2021
Following members’ feedback, we have been investing in technology and modernising our online services.
06
Jan
2021
BT Pension Scheme Management (‘BTPSM’) has announced, with immediate effect, the appointment of Wyn Francis as Chief Investment Officer.
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.
Please select from section A or C
Section A
For members who joined the Scheme before 1 December 1971
Section B
Section B no longer has any active members, if you are a deferred member of Section B, please visit the deferred section here
Section C
Section C closed to most active members on 30 June 2018, but remains open to members holding a “GAD passport” following a previous transfer from another employer. If you are a deferred member of Section C, please visit the deferred section here
Please select from section A, B or C
Section A
For members who joined the Scheme before 1 December 1971
Section B
For members who joined the Scheme between 1 December 1971 and 31 March 1986
Section C
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001
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