If you are an active member in the BRSS, making additional contributions to your Personal Account in the BRSS now could mean you’ll have more income to enjoy once you retire. Remember, Babcock will match your contribution rate to a maximum level and your HR representative can tell you more about this rate.

You can pay more than the amount Babcock will match in to the BRSS, and the contributions will come from your gross salary every month – just like your main contributions matched by Babcock.

Tax and National Insurance savings

You also receive tax relief on your additional contributions, if you stay within the pension tax allowances. You can find out more about these allowances in the ‘Tax relief’ section of the Contributions page.

If you make your main contributions through Salary Sacrifice, your additional contributions will be made through Salary Sacrifice too, so you’ll also make National Insurance (NI) savings. You can find out more about how this works in the ‘Salary Sacrifice’ section of the Contributions page.

Babcock doesn’t match any additional contributions you make. Remember, your HR representative can tell you more about the rates that you and Babcock pay into the BRSS.

Investment choices

Your additional contributions will be invested in the BRSS in the same way as your normal contributions matched by Babcock. If you haven’t made an active investment decision on how your contributions should be invested, your additional contributions will be invested in the BRSS ‘Target Lump Sum’ fund by default.

Retirement choices

When you retire, you can use your additional contributions to:

Read more about your retirement options

Start making additional contributions

To see the difference making additional contributions could make to your retirement income, use the modeller.

To start making additional contributions or increase your contribution rate matched by Babcock, you can email payroll Payroll.Pensions@babcockinternational.com with the percentage or fixed amount you would like to pay. You can also choose to make one off payments rather than regular additional contributions. Just make sure you include your payroll reference number or NI number in your email.

You can stop making additional contributions at any time by contacting your HR representative or Babcock payroll.

You can find out more about how the BRSS works in the Scheme Guide.