The BT Retirement Saving Scheme (BTRSS)
Helping you save for a more flexible retirement
Group Flexible Retirement Plan
©2011 Standard Life (Images reproduced under licence)

This presentation will provide you with information only, to help you make an informed decision about your pension options.
Please consider the content of this presentation very carefully as BT’s group pension is a valuable element of your benefits.
If you are unsure as to the suitability of the plan, or any aspect of it, you should obtain financial advice. There may be a cost associated with this.

The BTRSS and you, saving for your future
What will the
BTRSS give me?
How do I join?
Joining basis SMART Pensions How does the
BTRSS work?
How much are the payments
A quick guide to investing
Important issues

The sooner you start saving, the more likely you will be to reach your retirement goals

Generous payments from BT which go towards your pension savings
A taxefficient way to save for retirement
A wide range of investment options including the BT Share
Fund
Online access to the BTRSS, so you can keep an eye on your plan
Tax and legislation are likely to change. The information given here is based on Standard Life’s understanding of law and HM Revenue & Customs practice at the date of presentation.

Please read the important sections of the BTRSS website, the scheme booklet, Direct Offer letter, Key
Features Document, Key Features Illustration and Your
Pension Investment Choices
You will then be asked to sign a BT Confirmation
Form indicating your wish to become a member of the BTRSS during your consultation with BT
A few days later, we will send you a
Username and Password to allow you to access your own webpage on the scheme website where you can change payment levels and investment choices

You make payments through SMART Pensions
You pay 5% of pensionable salary
BT pay 8%
Payments invested in the
BTRSS Lifestyle profile

This is an arrangement where BT will make your payments into the scheme, reducing your gross salary accordingly
- National Insurance savings
- this will be a change to your terms and conditions of employment
- it can affect state benefits, borrowings and other transactions based on salary
Please read the scheme booklet or visit the BTRSS website for full details and examples of this arrangement.

What BT pays (including your payment through SMART Pensions)
+/Tax relief & NI Savings
Any potential investment return
-
Charges
Your pension income - taxed as earned income
Your tax-free lump sum - upto
25% of fund
Tax relief may be altered and its value to you depends upon your financial circumstances.

Payments - % of pensionable salary
What you pay
5%
6%
7%
8% and over
What BT will pay
8%
8.5%
9%
9%
The information in the table above has been provided by BT who set the payment levels. Please read the scheme booklet or visit the
BTRSS website for full details.

If you pay at least 5% of your Pensionable
Salary into the BTRSS, BT guarantees a minimum employer payment of £1,500 each year. This minimum payment will be applied pro-rata for part-time employees or people who leave during the year.
The information in the table above has been provided by BT who set the payment levels. Please read the scheme booklet or visit the
BTRSS website for full details.

BTRSS Lifestyle profile - Picked by BT and their adviser
10 Years +
BlackRock Aquila HP
(50:50) Global Equity
Pension One Fund
Within 10 Years
Standard Life Pension
Protection One Fund
Within 2 Years
Standard Life Pension
Managed Cash One Fund
The value of an investment in any of the funds can go down as well as up. You may not get back as much as you invest. We strongly recommend you speak to a financial adviser before choosing funds.

Fund
BTRSS Lifestyle profile
Number of years from Selected Retirement Age
10
Years or more
9 8 7 6 5 4 3 2 1
3
Months
Effective
AMC*
Growth Funds
BlackRock Aquila
HP (50:50) Global
Equity Pension One
Fund
Consolidation Funds
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0.28%
Standard Life
Pension Protection
One Fund
Standard Life
Pension Managed
Cash One Fund
Total Allocation
0%
0%
10% 20% 30% 40% 50% 60% 70% 72% 74% 75%
0% 0% 0% 0% 0% 0% 0% 8% 16% 25%
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
0.28%
0.25%
* We charge for managing your plan and investments and take this charge from the fund value, this is 1% each year on the above funds. BT has negotiated special, preferential terms on your behalf which means Standard
Life will rebate part of the AMC by adding extra units to your fund each month. This effectively reduces the AMC on each fund. The rebate varies depending on the funds you invest in and is either 0.72% or 0.75% each year on the above funds. These charges apply whilst members remain employees of BT. The annual charges for the
BTRSS will be increased by 0.3% one year after leaving BT. Charges and rebates are not guaranteed, they are regularly reviewed and may be changed in line with developments in the relevant markets.

Core Fund Range
Picked by BT and their adviser
Full Range
More than 150 funds, BT Share Fund
Self Investment
Own portfolio
(terms, conditions & charges apply - obtain financial advice)
To help you understand your fund choices please refer to the investment section of the
BTRSS website or the online booklets. For all investments, the value can fall as well as rise.
We charge for managing your plan and investments and take this charge from the fund value. Please read the “Your Pension Investment Choices” booklet on the BTRSS website or the scheme booklet for details of the funds and associated charges

It is important that you read the full pack contents on the BTRSS website, in particular the Key Features Document. This details the risks and commitments involved.
Tax and legislation are likely to change.
The information given here is based on
Standard Life’s understanding of law and
HM Revenue & Customs practice at the date of presentation.