- New joiner checklist (PDF)
- Introduction to the BTRSS (27min webinar)
- Next new joiner webinar registration
- Joining - how it works
- A simple guide to pensions
- What your pension could be worth
Already in the BTRSS
- Are you going to have enough?
- Boost your pension
- Approaching retirement
- Leaving BT
- Payment options
- Your investment options
- Things to know about investing
- What are the charges?
- Check or change your investments
- Approaching retirement
How much will you pay?
When you become a member of the BTRSS, you’ll pay in a minimum amount from your salary every month. The amount you pay when you first join the pension is 5%.
On top of this you get extra money from BT and tax benefits from HMRC.
You can stick with paying the minimum, but you should think about whether paying just the minimum will get you the lifestyle you want when you stop working.
How much will BT pay?
The table below shows you the basic payment level. You can choose to pay more, but your employer won't pay more than the amount shown. If you pay at least 5% of your pensionable salary into the BTRSS, BT guarantees a minimum employer payment of £2,073 each year. This will be applied pro rata for part time employees or people who are only in the BTRSS for part of a year.
When joining the BTRSS
|You pay||BT's contribution||Total into pension|
Transferring from EE
If you transferred to BT from EE and are eligible to continue on one of the contribution scales replicated for former EE employees, then you'll find more detail about your contribution options, and how much BT will pay into your pension on the Your Rewards site.
Joining from the BTPS
If you were previously a BTPS member and were moved into the BTRSS on or after 1 July 2018, then you'll find more detail about your contribution options, and how much BT will pay into your pension on the Your Rewards site.
Step 1: How does this add up for you?
The calculator can also show you how increasing your payments by a small amount can make a difference to your pension.
Step 2: How much will it get you in retirement?
Once you’ve decided how much to pay in you can use our handy tool to see what your pension could be worth - and how much income you could get each year in retirement.
Your pension is normally a long term investment and you usually can't withdraw money until the age of 55 (may be subject to change). As with any investment, the value can go down as well as up and may be worth less than what was paid in.