Change
of address
Change
of address
? Ask an expert
ó
Get a professional answer
¸
100% Satisfaction
answerexperts
fyi
Ask Questions, Get Answers
Missed
pensions
Changing
working hours
Death
I stopped working for 15 years while my children grew up. How can I make up for the pension I lost
while I wasn’t working?
Answer: Mark Gisborne
If you are currently employed by BAT you can make up lost pension by paying additional contributions to the
Fund. If you are a member of the DC Section, the first 5% of any contributions you pay are matched by BAT.
Regardless of the section you belong to you can pay Additional Voluntary Contributions.
We recommend that you log into the BAT UK Pension Fund website to see the pension you might get from
the BAT UK Pension Fund and use the ‘Plan it’ modeller planner to work out what income you may need in
retirement. You can then use our contribution modeller to work out what you might need to pay in AVCs to
make up any difference between your retirement income and the income you may need.
When you were bringing up your children, while they were in education (and up until the age of 18) you may
have been provided with a National Insurance credit and so would have continued to earn Basic State Pension
for those years. If you were out of work for any other period, you may be able to make payments to HMRC to
make up for any missed National Insurance contributions now. I would suggest that you get a pension forecast
from the DWP. There’s a form called BR19 that you can complete, or you may be able to request a forecast
online through the Pensions and retirement planning section of
Of course, your pension is only one of the options for saving for retirement and you may wish to speak to a
financial adviser who can review your financial position and help you decide from the full range of options
what might be right for you.
Missed
pensions
Changing
working hours
Death
Meet the experts
Here are some of the members of your
Administration Team who take your calls and
answer your emails:
Chris Thorp
Pensions Administrator
If he’s not in the office, he’s playing
the guitar.
Kevin Cooke
Senior Pensions Adminstrator
When not talking pensions he
may be dressed for battle (battle
recreations that is)!
Mark Gisborne
Assistant Manager of the
Administration Team
When not in the office, you’ll find
him on the riverbank.
Robert Hurst
Pensions Administration Manager
If he’s not answering your
questions, he’ll be answering those
of his two demanding young boys,
or taking a well-deserved break on
the golf course.
What will happen to my pension if I die?
Answer: Robert Hurst
The Fund pays out a generous level of benefits to support your spouse/partner and family on your death.
Full information can be found on the BAT Pension Fund website
However, in summary:
Spouses’ or civil partners’ pensions are payable for all DB Section members. Children’s pensions may also
be payable to eligible children up to the age of 18, or 23 if continuing in full time education.
Spouses or civil partners of DC members employed by BAT on death, may also receive a DB pension, and
children’s pensions may also be paid to eligible children on a DB basis.
Spouse’s or civil partner’s pension paid on death in service may be enhanced to include the member’s potential
pensionable service to the Fund’s normal retirement date.
Employee members are also covered for an additional death-in-service lump sum payment of four times salary.
A lump sum payment of the balance of the first five years’ pension payments is also payable for DB Section
pensioners who die within five years of retirement.
For DC Section members the pension you buy on retirement will determine whether a spouse’s or civil
partner’s pension is payable on death, and whether a payment guarantee period will apply. For DC Section
deferred pensioners that die before their pension is taken, the balance of the personal account is returned to
the family or estate and may be used to buy a spouse’s or civil partner’s pension.
Don’t forget to keep your Death Benefit Nomination Form up-to-date. You can now do this quickly and
easily online by logging into the BAT Pension Fund website.
•
•
•
•
•
•
18
