BAE SYSTEMS PENSIONS

• New Employees
• Actives - Level 100+
• Actives - DC Retirement Plan
• Actives - Other Schemes
  • Levels 125, 167, 187 and 200
    • Benefits Summary
    • Benefits in Detail
      • Pension
      • Lump Sum
      • When you reach retirement age
      • Early retirement
      • Ill-health
      • Leaving
      • Death Benefits
      • Scheme Maximum
    • Contributions
    • Additional Voluntary Contributions
    • Investing your contributions
    • Longevity Adjustment Factor
    • Transfers in
    • Opting Out
    • Forms
    • Statement of Investment Principles
• Pensioners
• Deferreds
• Awards
• SMART Pensions
• Further Information
• Publications
• News
• Contact Details
• Useful Links

Lump Sum

You will be able to exchange part of your retirement benefits for a tax free cash sum on retirement.

The amount of the cash sum depends on your circumstances but is typically about 25% of the total value of your annual pension, subject to the consent of the Trustees. The rates used to calculate the value of your pension are determined by the Trustees on advice from the Scheme’s Actuary and may change from time to time.

Latest News

• Standard Life Update Standard Life have changed the names of two of their fu...
• State Pension Forecasts 2012 Due to changes being implemented to state pensions...
• Contracted Out Benefits There will be a technical change in the way that L...

Quick links

• I'm a new employee - how do I join?
• Find out more about the consultative committee process...
• Which Scheme am I in?
• Where can I download a form?
• Where can I download my Scheme booklet?

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