Find out more about the benefits payable from the Scheme in the Scheme booklet.
Contributions to L125, 167, 187 and 200 can be made under SMART Pensions. Paying your contributions in this way means that you could pay lower National Insurance Contributions.
You can also choose to pay Additional Voluntary Contributions (AVCs) in order to increase your retirement benefits.  The Trustee has chosen Standard Life for the investment of AVCs.  By accessing the Standard Life website you will be able to find out all the information you need about paying AVCs, the investment choices available, your options on retirement, as well as the forms required to start paying or to change the level of your AVC payments. From here you can also manage your AVC account online by accessing Standard Life's Online Services.
You may be permitted to retire at any time after the age of 55 and receive an immediate pension, subject to Trustee and Company consent.
Your pension will be reduced by an early retirement factor to account for the extra years over which your pension will be paid. The early retirement reduction factors are agreed between the Company and the Trustee on advice from the Scheme’s Actuary. They are reviewed periodically and may change from time to time. If Trustee and Company consent is given and you are aged between 55 and 60, your pension will be reduced by 3% for each year you are retiring before age 65. A flow chart provides you with information on early retirement.
If Trustee and Company consent to early retirement is not given then early retirement is not possible and you will be treated as leaving service with deferred benefits.
The Scheme provides benefits if you die so please keep your Expression of Wish Form up to date.
Any questions? Have a look at the Quick help or contact the Pensions Service Centre.
The BAE Systems Pension Scheme Consultative Committee exists to promote a better understanding of issues facing members in the pensions field. Representatives of this Committee are able to support members. They provide a formal channel through which matters that are of particular interest or concern to both in-service and deferred members can be raised. They are also actively involved in improving communication links between the Company and Scheme members. If you would like to discuss a pensions matter, please refer to the Consultative Committees page for further information and to find the contact details of a Representative local to you.


Members of the BAE Systems Pension Scheme (excluding SIPS Benefits and DC Retirement Plan members) and Royal Ordnance Pension Scheme - log in to view your pension information online whenever you want to.


Standard Life

Members with DC Benefits including AVCs - log in to review your pension information online whenever you want it.

Pension Wise

Free and impartial government guidance to help you understand what you can do with your DC and AVC benefits. 


Impartial guidance that's backed by government to make your money and pension choices clearer.

Hargreaves Lansdown

Hargreaves Lansdown has been appointed to provide a Retirement Service for members with DC and AVC benefits, to help them make an informed choice about their retirement options. The service is provided on a non-advised basis. 

Forms and downloads

Level 125 167 187 200 level change form 2023

385.47 KB

Application to change Level 100+ form 2023

368.74 KB

AVC - Main Scheme  AVC Lump Sum  2022-2023

173.54 KB

BAE Systems Pension Scheme Booklet 

921.24 KB

L125-167-187-200 Expression of Wish form

103.37 KB

Early Retirement Flow Chart September 2018

145.87 KB