The BT Retirement Saving Scheme (BTRSS) is a Group Flexible Retirement Plan (GFRP) provided by Standard Life. This means that when you join the BTRSS you are entering into a contract with Standard Life.
A GFRP is a pension plan that aims to help you save for your retirement in a tax-efficient way. It's a flexible plan that you can keep track of and make changes to as your lifestyle changes.
To get started follow the relevant links below:
I'm a new BT employee- I am coming to work for BT
in the UK
I've transferred to BT through TUPE- I'm a BT employee but not a member
of the BTRSS
Laws and tax rules may change in the future. The information here is based on our understanding in November 2012. Your personal circumstances also have an impact on tax treatment.