BP Professionals Can Save Over $55,000 In The ESP This Year

Or, if you are over 50, it could be as much as $63,500 

Senior couple meeting financial adviser for investment

 

Use Your Benefits to Lower Your Taxes

As a BP employee, you may wonder how to make sure you’re saving enough for retirement, or if you should be using different savings options to make the most of your retirement. 

While everyone’s financial situation is different, BP makes some generous retirement savings programs available to employees. Our experts have worked with many BP executives and professionals, and compiled the retirement planning options they believe you should consider taking advantage of, including: 

  • Getting the maximum amount into your BP Employee Savings Plan (over $55,000 for 2020, and up to $63,500 if you're over age 50)
  • Understanding how to lessen the tax impact of your pension and Excess Benefit Plan payouts
  • Leveraging rollover strategies to get more money into tax-efficient savings vessels
  • Combining these strategies and planning tools to get up to a total of $63,500 into tax-preferential retirement savings ($70,500 if you’re over 50) this year!

If you’ve built a career at BP, you should ensure you’re building a retirement future using the options it provides. Don't wait to save. Watch the webinar now by filling out the form. 

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