Important notes
Tax
The Government changed the tax regime for pensions on 6 April 2006. In the new regime set by HM Revenue & Customs, the maximum payment eligible for tax relief that you or a third party (excluding your employer) can make to a pension plan is the greater of 100% of your relevant UK earnings (broadly annual salary), subject to the Annual Allowance, and £3,600 each year. The maximum total payment, including your employer’s payment, eligible for tax relief that can be made to a pension plan is the Annual Allowance.Assumptions
BT does not take any responsibility for the content or output of the Retirement Planning Tool provided by Standard Life
For former SLFPP (Syntegra Limited Flexible Pension Plan) members only
| Your Payment (% of pensionable salary) | Your Employer’s Payment (% of pensionable salary from 1 April 2010) |
| 2 | 3 |
| 3 | 4.5 |
| 4 | 6 |
| 5 | 8 |
| 6 | 8.5 |
| 7 | 9 |
| 8+ | 9 |
For former BTRP (BT Retirement Plan) members only
| Your Payment (% of pensionable salary) | Your Employer’s Payment (% of pensionable salary from 1 April 2010) |
| 4 | 6 |
| 5 | 8 |
| 6 | 8.5 |
| 7+ | 9 |
For New Entrants (if you are neither of the above)
| Your Payment (% of pensionable salary) | Your Employer’s Payment (% of pensionable salary from 1 April 2010) |
| 5 | 8 |
| 6 | 8.5 |
| 7+ | 9 |
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