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Your benefits

Your benefits

As a deferred member of the National Gas Transmission Pension Scheme, you have built up retirement benefits for when you stop working. These include: 

  • a monthly pension paid to you for the rest of your life
  • annual increases in line with the Scheme rules, measured by Retail Price Index inflation
  • the option to take a tax-free lump sum at retirement
  • a monthly pension paid to your partner or dependant when you die. 

How much will my pension be?

Your pension is worked out based on your salary and length of service, using an accrual rate of 1/60

Accrual rate

Your years of service
(pensionable service)

Your salary
(pensionable pay)

Your Scheme pension

You can see your latest benefit statement by logging in to Clarity from BW.