SMART Pensions

SMART Pensions can mean more money in your pay

The Company introduced an arrangement known as SMART Pensions with effect from 1 January 2006 and the majority of the Company’s eligible employees have joined. 

SMART Pensions results in employees and the Company paying lower National Insurance (NI) contributions. The majority of employees receive higher take home pay.

A brief summary of SMART Pensions including the possible savings you can make is shown in in the SMART booklet.
Existing employees will be able to opt in to SMART Pensions during September each year.


What if I change my mind? 

You will be able to opt in or out of SMART Pensions during September each year. Normally the change will take effect from the November payroll.

On this page you can find forms specifically for the SIPS and Alvis schemes. Members of all sections of the BAE Systems Pension Scheme, ROPS or the BAE Systems Pension Scheme can use the general opt in/out form.

Please remember that if you are unsure about whether you should join, the Trustees and the Company cannot give you advice. If you need advice, please contact an Independent Financial Adviser.

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