Additional Voluntary Contributions
You may pay Additional Voluntary Contributions (AVCs) to increase your retirement benefits when you stop working.
You may wish to pay AVCs if:
- you want a higher income when you retire
- you started saving for retirement later in life
- you stopped working for a while for example to have a family or career break
The value of your AVCs when you retire will depend on several factors, including the amount of contributions you pay, your investment choices, and the age and form in which you access your benefits.
The Scheme’s AVC provider is Prudential Assurance Company Ltd. Prudential has a choice of investments available to members. Further information can be found here and an application form is available from the Administration Department.
If you pay AVCs, it is important that you regularly review your investment choices to ensure they remain appropriate for your personal circumstances.