With myPension you can access your personal pension information,. 2 Contents 04 Welcome to your pension 08 How much should I save? 16 How is my money invested? 33 Know your funds 39 Your choice of funds 43 Keeping track of your pension 49 Frequently-asked questions 57 Get in touch AV941280_NGS47333A1_MM39066_0823. Since 6 April 2016, if you are under State Pension Age you also pay 3. The Trustee will continue to provide AA statements for members whose pension input amount exceeds the standard £60,000 AA. You can choose to use it all to provide a monthly income, take part of it as a lump sum on retirement or transfer out to an external provider. Alternatively, AVCs can be used to buy extra pension, either from BA Pensions. New retirement and transfer value factors are in full. Alternatively, contact BA Pensions for a provisional quote at any time. mybapension. You can take your benefits any time from age 55 if you wish. FEEDBACK. Ontdek hoe eenvoudig het is in onze tutorial! Check uw pensioendatum. mybapension. Percentage of Pensionable Pay that you pay. Welcome to My NHS Pension. mybapension. mybapension. 7 months full-time = 7 months. Paying the NAPS transitional option into the new scheme. L69 2YL. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. British Airways has struck a deal to delay £450m of pension deficit contributions as the company struggles through Covid travel restrictions that have left most of its planes grounded during the. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways'. L69 2YL. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you are in Plan 65, half the potential. The New Airways Pension Scheme (NAPS) is an occupational final salary scheme. Alternatively, contact BA Pensions for a provisional quote at any time. The password you should use to register on the website is the one provided in your original registration letter or any reminder letter we have sent to you. The Pension Schemes Act 2021 introduces two new conditions that must be met before a transfer can be paid from a defined benefit pension scheme, such as APS or NAPS, to another UK or overseas pension arrangement. Please keep in mind that for most people, the amount you can take as your tax-free entitlement will stay at 25% of the value of your Scheme pension, up to a maximum amount of £268,275 (25% of the LTA of £1,073,100). If you die whilst an active member of the Scheme - the allowance is calculated as one-sixth of the basic pension you would have received for the years, months and days that you have been in the Scheme plus half the time remaining between the date of your death and Normal. If you would like us to publish an obituary or eulogy for a former colleague, please send it to us. mybapension. The seminars are currently being provided exclusively online, by webinar. General scheme information. January 2022 obituaries. mybapension. At retirement, your AVC account can be taken as extra lump sum or used to buy pension benefits. This can be found at the top of any personal communications we have sent to you. Your Pre 2007 basic pension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). You can register for online communications at any time by clicking the ' Register ' button, then following the on-screen instructions. mybapension. You cannot give or 'assign' your benefits. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Information about the Scheme, pension guidance, and accessing your pension details. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. The Scheme’s funding deficit on 31 March 2021 was £1. Your Scheme 's actuary will work out the increases, and we will add them instead of normal Scheme increases. So if your BA pension at retirement is £6,000 a year and you have an AVC balance of £5,000, the value of your pension is worked out as follows: 20 x £6,000 a year + £5,000 = £125,000. The extra service after Normal Retirement Age for which you pay contributions, plus any increases to Pensionable Pay you receive after Normal Retirement Age, will be included in your. PO Box 2074. Most APS pension payments are paid in arrears and are made by the last working day of each month. The Glossary contains definitions of all the technical terms used on this website. British Airways Pension Plan (BAPP) BA introduced BAPP for its existing employees on 1 April 2018. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Your BA pension is only part of the income you will receive on retirement. com is for staff. Cost of living support. The Government increased the minimum age for early retirement to age 55 from April 2010. Your Dependent children can receive allowances on your death. Telephone +44 (0) 203 691 3215. The Airways Pension Scheme (APS) is an occupational final salary scheme. 4 billion in an insurance policy with Legal & General Assurancemybapension. It is likely that you have questions about your British Airways pension benefits. The first is a final salary NAPS (New Airways Pension Scheme) that I contributed to. When I die. There are two types of trustee directors. You can choose to leave your BA pension Scheme (known as opting out) at any time before you leave employment with British Airways. L69 2YL. Deferred members. your preferences in relation to your pension benefits, including any elections you may make online through mybapension online; and. The information on this site describes the benefits and options available from Part 6 of the Airways Pension Scheme. After being made redundant by British Airways last year, I have retrained as a teacher. mybapension. NAPS is administered by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. The extra service after Normal Retirement Age for which you pay contributions, plus any increases to Pensionable Pay you receive after Normal Retirement Age, will be included in your. mybapension. Then start a separate pension in. 07m and will still apply in most cases if you draw a pension before 6 April 2023 . We may also hold and process some special categories or "sensitive. At Normal Retirement Age. We can't guarantee to publish every one but we’ll try to include it in a future publication, where space allows. Telephone: 020 8538 2100 (Monday to Friday 9am – 1pm) British Airways Pensions. Login to MyPension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 5% payment for an Adult Survivor's pension on your death. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). We will provide you with a statement each year. If you are a small or medium-sized business and would like to earn your company points when your employees travel. 17 March 2023. If you are suffering from a life threatening illness it may be possible to receive all of your pension as a tax-free lump sum (calculated on reduced terms) whilst continuing to provide a pension for your dependents should you die. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. Unlike the AA, any unused MPAA cannot be carried forward to later tax years. 1% of Band Earnings. The tax charge for the Lifetime Allowance (LTA) was removed from April 2023. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS). If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. The Government has said that it believes that GMPs built up by men and women after 17 May 1990 should be treated equally. com is for staff who. mybapension. Hover over or click on the individual bars to see the interest rate for each specific month: For example, if you had an EBF balance of £1,000 on 1 April and the total monthly rate for each of the following 12 months was 0. If your NAPS membership ended after 31 March 2007 you will be entitled to a pension for pre 2007 service and a pension for post 2007 service. This site is for active, retired and deferred members of the Airways Pension Scheme ( APS ). Default build-up rate. Address changes can also be accepted in writing with a signature (our address is on the Contact us page). mybapension. A Late retirement increase will be added to your Pre 2007 service pension and you will have five choices in respect of your pension, which are. mybapension. When you leave British Airways ( BA) or if you opt out of the pension Scheme, you will usually be entitled to a deferred pension due to be paid from your Normal Retirement Age . Our telephone service is currently available between 9am and 1pm, Monday to Friday. HM Revenue and Customs sets a limit for the amount you. Search APS: mybapension online. 50% (Flying Staff) of your Pensionable Pay. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The Government’s pension arrangements differ depending on whether you reach your. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. Our telephone service is currently available between 9am and 1pm, Monday to Friday. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). mybapension. If you have a tax query, please call the tax office on 0300 200 3300 or write to: PAYE. I have two BA pensions. This plan is administered by Aviva Life & Pensions. 1% of Band Earnings. The informant will need your pension reference number when calling the team. Your deferred pension is worked out at date of leaving as a percentage of your salary, based on the years, months and days that you've been a member of the Scheme (your Pensionable Service ), adjusted for any changes in your BA occupations prior to 1 April 2007 (such as a move from Flying Staff to Ground Staff), plus. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 6%. 8 Castle Street. mybapension. a. The LTA is currently c£1. mybapension. At Normal Retirement Age. Please have your Aviva Plan number or. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). If you have a tax query, please call the tax office on 0300 200 3300 or write to:The first payment is made at the end of the month after the month you retire. Your APS Trustee has invested just under £4. g. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The informant will need your pension reference number when calling the team. *Option 55 is now closed to new joiners but existing Option 55 members currently have opportunities to switch off Option 55 within Plan 60 from 1 April or 1 October. Bekijk uw betalingen. L69 2YL. What you get at retirement. Send a message via ' Contact us '. After that we will only provide a pay slip if the amount you will receive changes by more than £0. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). mybapension. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. You pay a standard rate of 7. APS is a Final Salary Scheme administered by British Airways Pension Services Ltd (BAPSL). We provide useful resources and technical information about the Scheme, such as the Member Handbooks and leaflets, The Trust Deed and Rules of the Scheme, as well as NAPS valuation reports, Annual Report & Financial Statements, and documents on the Responsible Investment page which provide information about how. From State Pension Age you will also receive a pension from the Government if you have paid sufficient National Insurance Contributions over your working lifetime. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who. These may have different NRA's; however, they must be treated. mybapension. So if your BA pension at retirement is £6,000 a year and you have an AVC balance of £5,000, the value of your pension is worked out as follows: 20 x £6,000 a year + £5,000 = £125,000. For example, if you work on a TPT basis for five months, working 80% of your normal, full-time hours, and then return to full-time working for the next seven months, your pensionable service for the year would be: 5 months x 80% = 4 months. gov registration process, which includes setting up an email and password for future logins. You can delay receiving your pension after your Normal Retirement Age, up to a maximum of age 75. Liverpool. 8 Castle Street. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 99. If you choose to work beyond your Normal Retirement Age, your Pre 2007 service pension and your Post 2007 service pension are treated differently. Close. After that we will only provide a pay slip if the amount you will receive changes by more than £0. I am a spouse/partner or dependent of a member of NAPS. In 2001, Gov. Close. Email (Outlook Web App OWA) > Your ESS ApplicationsBA Pensions manages specialist teams dedicated to pensions and financial services. The standard Annual Allowance is currently £60,000 a year. You have one opportunity to make a transfer of part (or all of your AVC Account ) the time of, at or before, drawing your main Scheme pension. Login to Mybapension Online to use the online pension modeller to view your pension and lump sum options at different retirement ages. Pensions with Lifetime Allowance values between £10,000 and £30,000. The settlement also includes an intention, subject to an affordability test, for Discretionary Increases to be made from. Liverpool. Your Dependent children can receive allowances on your death. You can retire and draw a reduced pension before your Normal Retirement Age - from age 50. These increases apply to any elements of your pension that qualify for yearly increases under the Scheme Rules. mybapension. our website: . mybapension. If you leave your pension with BA it is called a deferred pension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Telephone +44 (0) 203 691 3215. Our Absent Friends page includes details of former colleagues who have recently died. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings. What I get from my AVC account. 50% (Flying Staff) of your Pensionable Pay. mybapension. If you have registered for online communications, you can update your UK bank details online at If you prefer to send your new details by post, please complete the United Kingdom payment instruction form for all payments within the UK. If you no longer have this, please call the Pensions Team on 020 8538 2100 (9am to 1pm, Monday-Friday). The funding level had therefore improved since the last valuation, on. Search NAPS: mybapension online. It is likely that you have questions about your British Airways pension benefits. The Scheme is responsible for paying any increases due on your GMP until you reach your GMP age. Former BA Staff Absent Friends. This can be found at the top of any personal communications we have sent to you. Mybapension. = £104,000. Your reference number: Your password: Forgotten your password? Having problems logging in? How to login How to Login Close Welfare, Social & Benefits. It is very important that someone tells us straightaway when you die by calling the BA Pensions team on 020 8538 2100. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). L69 2YL. Once you reach age 65 (men) or age 60 (women) the Scheme is no longer responsible for increasing the amount of GMP built up to 5 April 1988 and is only responsible for any increases due up to 3% a year on the GMP built up since 5. = £120,000. Alternatively, the informant can fill in our ' Death notification. Your BA pension is only part of the income you will receive on retirement. If you have not yet registered and have lost your registration letter please contact BA pensions on 020 8538 2100 to request a duplicate to be sent to you in the post. The Scheme is still required to add inflationary increases - up to the. BA Pensions service update and new NAPS FAQs - 27 March 2020. 22. Information on the British Airways Money Purchase (BAMPS) section of NAPS, which closed to active members on 1 October 2012, is available in the Deferred members area of this website. I left before 1 April 2007. The articles confirm that the increases that will be applied to pensions from 10th April 2023. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). This allowable tax-free lump sum limit will. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). We will issue a pension increase statement each year, usually near the end of April, with full details of the increase that will apply to your pension and this will include a P60 certificate. The informant will need your pension reference number when calling the team. AVC-only transfer options . NAPS Top 100 Equity Holdings list. Contact Aviva directly on 0345 030 7964. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). This is worked out as 20 times your annual rate of pension, e. The report covers issues around governance, funding, investment and administration, as well as important events between the year-end and publication date. 17 March 2023. Liverpool. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). I am a spouse/partner or dependent of a member of NAPS. The password you should use to register on the website is the one provided in your original registration letter or any reminder letter we have sent to you. We would like to show you a description here but the site won’t allow us. The Government raised the minimum. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Mybapension. At that time the requirement for the Scheme to add increases stops for any GMP built up to 5 April 1988. British Airways (BA) has announced a change to the ENDs appointed to the New Airways Pension Scheme (NAPS) Trustee. g. Glossary. The Retail Price Index (RPI) rise over the twelve months to September 2022 was 12. 25m could apply for the value of their pension benefits on 5 April 2014 to be protected up to a maximum value of £1. mybapension. HM Revenue and Customs (HMRC) will only allow such payments if you have a short time to live. Aviva also offers mandatory and voluntary Scheme pays options. This is a form of LTA Protection. The Scheme Rules provide for full pension increases to be paid up until age 65 (men) or age 60 (women) on any GMP. You can read the full report here. Providing pension benefits administration and finance operations for 110,000 members. If you are making your normal Scheme contributions via BA's SmartPension arrangement the maximum AVC amount you can save is 50% of your Gross taxable pay after reductions. You may need to check with your building society for the correct details to provide. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 5m (IP2014). 5%. This limit is called the Annual Allowance (AA). Increases in NAPS are limited to a maximum of 5% per year. L69 2YL. 50%. You can switch from one of the funds to another on the 1st day of any month. Register for My Account. If you plan to work beyond your Normal Retirement Age you will automatically continue paying contributions to the Scheme. Update your personal information. They took up their positions on 28 June 2021 and 1 October 2021 respectively, and will serve for between five and five-and-a-half years. mybapension. 6%. If you have a single pension entitlement with us, your pension reference number will usually be your six-digit BA staff number preceded by “1”, for example if your staff number is 097132, your pension reference would usually be 1097132. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The full Trustee Board meets at least four times a year, and the sub-committees also convene regularly during the year. Welfare, Social & Benefits. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). The Government gives. So if you retire on 11 August, your first payment will be on 30 September and will include pension for the period 11 August to 30 September. Visit the Scheme documents page to view the annual report and financial statements for the year ending 31 March 2021. 56%, your AVC balance at the end of the 21/22 year would be calculated as your £1,000 balance increased by 0. The New Airways Pension Scheme ( NAPS) – is a final salary scheme administered by ( British Airways Pension Services Ltd (BAPSL) ). mybapension. 1/75. The Corporate Trustee. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Please keep in mind that for most people, the amount you can take as your tax-free entitlement will stay at 25% of the value of your Scheme pension, up to a maximum amount of £268,275 (25% of the LTA of £1,073,100). 24 March 2023. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). 6%. NAPS is managed by a Corporate Trustee (New Airways Pension Scheme Trustee Ltd), made up of twelve Trustee Directors. Write to us at: British Airways Pensions. Members of APS have some protection. There are two types of trustee directors. mybapension. We provide a pay slip with your first pension payment. The two conditions are applied in order and, if neither condition is met, any statutory right you may have to transfer is. 9% It’s these figures that. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). If you need any information on how your plan is performing, you can either: Log into your BAPP account via the BA intranet, Aviva’s My Workplace app or. of the Balfour Beatty Pension Fund (BBPF) To access information about your pension benefits. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Can I draw my deferred pension early? If you left employment with BA and left your pension in the Scheme you can draw your benefits any time from age 50 if you wish (subject to certain conditions – see below). 99. The NAPS Trustee operates separately from the employer that sponsors the pension scheme. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). We provide useful resources and technical information about the Scheme, such as the Member Handbooks and leaflets, The Trust Deed and Rules of the Scheme, as well as NAPS valuation reports, Annual Report & Financial Statements, and documents on the Responsible Investment page which provide information about how the Trustee and. October 2019. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). I will work beyond Normal Retirement Age. or the Trustee at the following address: British Airways Pensions. The password you should use to register on the website is the one provided in your original registration letter or any reminder letter we have sent to you. The number of meetings varies from year to year – in some years Trustee Directors could attend an average of 20 meetings. The Scheme was contracted-out of S2P by the GMP test until April 1997 and subsequently under the Reference Scheme Test until 5 April 2016. APS. The standard rate at which your pension builds up is 1/75 (for both Flying Staff and Ground Staff) for which you pay contributions of 5. mybapension. After considering all relevant circumstances, the Trustee has decided to award a discretionary increase of 2. mybapension. 1. Call us on: 020 8538 2100 Fax us on: 020 8538 2190. 1 day ago · The Financial Times has convened a panel of experts to answer your questions about how the measures might have an impact on your personal finances. If your pension in payment has a cash equivalent value* of £10,000 or less (currently pensions up to approximately £500 a year), you can exchange it for a one-off small lump sum at any time after GMP Age (age 65 - men; age 60 - women) or from age 50 if your pension does not include a Guaranteed Minimum Pension (GMP) entitlement. The Scheme is still required to add inflationary increases - up to the. The Scheme is still required to add inflationary increases - up to the. British Airways Pension Services Ltd | 395 followers on LinkedIn. CPI was 6. If you are in Plan 60, half the potential service to age 60 would be included in the calculation of your ill health pension. The informant will need your pension reference number when calling the team. PO Box 2074. L69 2YL. These can be downloaded from the latest news pages for. com is for staff who joined British. 24 March 2023. If your NAPS membership ended after 31 March 2007 you will be entitled to a pension for pre 2007 service and a pension for post 2007 service. Your deferred pension will be reduced if the pension will be paid earlier than your Normal Retirement Age. Deferred members. Once we have received your final pension contributions to NAPS, any Additional Voluntary Contributions (AVCs) and confirmation of the transitional option you have chosen, we’ll work out your. mybapension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). For some of these life changes, you may need to reconsider what you are paying into your BA pension. com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). com is for staff who joined British Airways before 1 April 2003 and are members of British Airways' Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS). Your basic pension = (your Pensionable Service x your Retiring Pay) divided by 52 build-up rate ( Flying Staff) or by 56 build-up rate (Ground Staff). Retirement flexibility – You have mentioned that your earnings have reduced following your redundancy and, if you were to retain the BA pension, and the retirement age was say 60, you could. = £120,000. a.