• Payment options

Payment options

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 £2,000 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 payBT's contributionTotal into pension
5% 10% 15%

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 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.

See what your pension could be worth

Step 3: Change your payments

Once you’re in the BTRSS, it’s easy to change your payments online.

Check your pension's progress

The retirement planner is a handy tool that helps you work out what your pension could be worth - and how much you should pay in.

Use our retirement planner