Additional Voluntary Contributions

Additional Voluntary Contributions (AVCs)

How to top up your retirement savings

If you have already chosen Smart or normal contributions of 5% or want to add to your retirement savings outside the Flex Window, you have the option to make Additional Voluntary Contributions (AVCs).

You can make AVCs at any time. You can choose to contribute a percentage of your Pensionable Pay (subject to a minimum of £20 per month), or make a one-off AVC (subject to a minimum of £500). As with your regular contributions, you receive full Income Tax relief on any AVCs. If you arrange these through the Smart Pension Exchange Scheme, you also pay less National Insurance.

Please note that the Company will not contribute additional amounts related to any AVCs.

If you wish to pay AVCs, you can do so via the Flex Portal.

Take a look at our video which gives a helping hand to understand what to consider when planning for your future and what you'll need to get there.