Airbus UK Pension Scheme | Retirement Plan Schedule 5
What is AGUK Schedule 5?
This section of the Airbus Pension Schemes remains open to existing members but is no longer open to new members.
Your pension contributions are made under a salary sacrifice pension arrangement where the employer pays your pension contributions and your salary is reduced by this amount.
Contribution rate as a percentage of basic salary
The amount you pay varies depending on your age. The current contribution rates are as follows:
| Contribution rate as a % of Basic Salary | |||
| Age | Employee contribution (not SMART member) | Company contribution rate (not SMART member) | Company contribution rate (SMART member) |
| Under 30 | 5% | 10% | 10.69% |
| 30 to 39 | 5% | 12% | 12.69% |
| 40 to 49 | 5% | 14% | 14.69% |
| 50 to 54 | 5% | 19% | 19.69% |
| 55 or above | 5% | 21% | 21.69% |
More information about AGUK Schedule 5
There is a 3 times your annual earnings death in service benefit. Please update your expression of wish to help the Trustee decide who any death benefits should be paid to.
You may top up your retirement benefits by paying Additional Voluntary Contributions (AVC’s).
You are free to contribute as much as you want provided you have enough monthly pay to cover the AVC contributions. These are not deducted under salary sacrifice, but you still benefit from tax relief on these contributions. AVC’s can be used to provide cash or extra pension on retirement.
Useful links and information
You can log in to your online portal at Manage your account
To check your Benefit statements
Change your personal information
Change your investment strategy
Update your expression of wish
Please click here to access the AVC Google form( Internal network only)
AVC’s are administered by Legal & General. Your AVC’s can be found at Manage your Account and AVC.
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We are here to help
For any further information on your pensions, please contact the Group Schemes and Benefits Team
