BPET Stakeholder Pension

Your pension is a way of building savings for later in life.

The BPET Stakeholder Pension - invested by Scottish Widows - is a unique and affordable pension scheme available to staff who aren’t members of the Teachers Pension Scheme (TPS) or Local Government Pension Scheme (LGPS).

In line with the government requirements, all staff is automatically enrolled into a pension scheme, if:

they are aged between 22 and state-pension age
their salary is over £10,000 per year
they are not a member of the TPS or LGPS.

How it works

Teachers choose how much they wish to contribute from 0% upwards
Support staff contribute a minimum of 2% with a choice to increase their contribution
BPET will top up your pension pot with a contribution of 8%.

Members of the BPET scheme:

can make personal contributions that are in line with their budget
receive a life insurance of three times the value of their salary, payable to a beneficiary, in the event of death
have unlimited, 24/7 access to Smart Health: online GP, experts for a second medical opinion, mental health support, wellbeing services (nutrition plan, fitness programme, online health check), prescriptions delivered at home. All these services are available, with unlimited access and at no added costs, to their spouse or partner and any children up to age 21.

Smart Health information packs

AIG Smart Health Information pack

AIG Bereavement Councelling Information pack

For further information about the BPET Stakeholder Pension Scheme and benefits, contact pensions@bpet.co.uk.

The above information is not financial promotion, nor should it be deemed to be financial advice. All staff are strongly advised to seek independent financial advice on all options that they might be entitled to when considering the most appropriate way to build up savings for retirement.