Additional Voluntary Contribution (AVC)

Boost Your Retirement Savings Today

An Additional Voluntary Contribution (AVC) is an extra payment made by a member to their pension scheme, beyond the mandatory contributions required by the scheme. Under the Scheme’s Trust Deed & Rules, the standard monthly contribution rates are 10% by the employee and 20% by the employer. An AVC represents any amount contributed above the employee’s mandatory 10% of basic salary.

Advantages of Additional Voluntary Contributions:

• Boost Retirement Income – Higher contributions can lead to a larger pension payout upon retirement.
• Tax Efficiency – AVCs reduce your taxable income, offering a tax-efficient way to save for retirement.
• Flexible Contributions – You can adjust or stop AVCs at any time based on your financial situation.