Pilkington Superannuation Scheme
How much can I pay into AVCs?
You can pay as little as 1% of your pensionable salary to buy added service. As little as 1/2% for investment with an insurance company.
The Inland Revenue sets a limit on the contributions you can pay into the Scheme each year. Currently this is 15% of your remuneration for the tax year.
Your usual contribution is 5½ % of your pensionable salary. You can pay any amount between this and the Inland Revenue limit into AVCs.
How do I pay?
AVCs are usually deducted from your monthly salary. However, it is also possible to top up AVCs for the tax year by paying a lump sum through payroll. To do this you must contact Pensions by mid-January at the latest.
You can start, change or stop your AVCs at a month's notice by completing the AVC Form.