AVCs
What are AVCs?
Additional Voluntary Contributions (AVCs) are a tax-efficient way of topping up your pension.
Why would I need to pay AVCs?
The Pilkington Superannuation Scheme provides you with pension, but there are a number of reasons why this may be less than you would like. You may have:
For any of these reasons, you may wish to boost your pension, so that you will have enough money for the plans you have for your retirement. AVCs are one way that you can do this.
How do I start paying AVCs?
All you have to do is complete an AVC Application Form.
How much can I pay into AVCs?
You can pay as much or as little as you can afford, up to a maximum of 10% pensionable salary. See Contribution Choices for more details.
How are AVCs invested?
The Scheme offers two AVC investment options - added service and insurance. You can direct your AVCs to either or have the contributions divided between the two. For more information about the investment options, see Investment Choices.