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BT PENSION SCHEME
income tax resulting in the effective rate of tax of 55% for a 40% tax payer, and 58.75% for a 45% tax payer. The Lifetime Allowance for the tax year 2017/18 is £1 million, and is expected to be increased in line with CPI inflation from 2018/19. Some members may have previously applied for Lifetime Allowance protection, meaning they have a
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Annual Report and Accounts 2020 - BTPS
www.btps.co.ukIndependent auditor’s report 38 Independent auditor’s statement about contributions 40 ... BTPS Annual Report and Accounts 2020 2 Contents. The Scheme’s net assets were valued at £57.5bn ... portfolio career he was Director General of the Association of British Insurers from 2011 to 2015. Previously he was Chief Executive of
BT PENSION SCHEME
www.btps.co.ukunder current legislation. Employers now have a duty to automatically enrol eligible employees every three years, so even if you don’t ask to join a scheme, you may be automatically enrolled into a pension scheme at a later date. Membership You can opt out of the Scheme without leaving BT employment by giving one month’s notice. BT PENSION ...
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