Aircrew Scheme

The Aircrew Scheme is a defined benefit scheme. The benefits payable by your scheme are guaranteed by the Crown.

Each year the Board’s Actuary carries out a review of the scheme to determine an employer contribution rate sufficient to meet the accrued and future liabilities of the scheme. Following the actuarial review completed as at 31 March 2025, effective from 1 April 2026, the employer contribution rate was amended from 650% to 540% of contributor’s contributions, with a separate annual contribution towards the scheme’s expenses of $244,452 inclusive of 39% ESCT by the employer.

The investment return (after tax and expenses) earned by the scheme for the year ended 31 March 2025 was 3.51% (2024:6.54%).

How your money is invested

The scheme's asset allocation strategy is set by the Board and reviewed regularly. The pie charts show the scheme’s asset allocation strategy as at 31 March 2024 and 31 March 2025.