This part of the website is for pensioners who were members of Schedules 1, 2 or 3. You will be able to find information on payment of pensions, tax and State benefits.
We strongly advise that all pensioners complete a dependant's details form so that the Trustee is aware of anyone who may qualify for a spouse's or dependant's pension on your death.
When you retire, as well as your pension from the Airbus UK Pension Scheme you may also receive the State Pension when you reach State Pension age.
How much will I get?
The amount you will receive will depend on the number of years you've paid National Insurance or got National Insurance Credits. From 6 April 2016, to get the full State Pension, you need 35 years of contributions or credits.
From 6 April 2016, the State Pension is £155.65 a week. It's usually paid into your bank account every 4 weeks.
When will it be paid?
The State Pension Age (SPA) is currently 65 for men. The SPA for women is currently being increased from 60 to 65. Under new legislation, the SPA for both men and women will increase to 66 by October 2020. Further increases are also planned in the future.
You can find more detailed information on the State Pension and run a forecast of how much you'll get by using the links below.
Any workplace or personal pension you get (including that from the Airbus UK Pension Scheme) will be taxable.
How much tax will I pay on my pension?
This depends on your total taxable income which includes:
If your total taxable income is more than your tax allowances you'll pay tax on some or all of your pension income.
If you do have to pay tax, Willis Towers Watson will deduct this from your pension before paying it to you, via the PAYE (Pay As You Earn) system.
Tax office details
HM Revenue & Customs
Pay As You Earn
PO Box 1000
Newcastle upon Tyne
Telephone: 0845 300 0627
Tax reference: 120/B7042
We understand that this will be a distressing time, so hopefully the information on this page will be of assistance.
You may want to print this page off and give it to your partner or next-of-kin or keep it with your will.
It will be helpful if the Trustee has details of anyone who may qualify for a spouse or dependant's pension.
Please complete and return the Pensioner dependant's details form so that we know who may qualify for any benefits on your death.