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:

• joined the Scheme or started your pension provision later in life.
• previously worked for a company that didn't have a scheme and you didn't make any alternative provisions.
• taken a career break to raise a family or further your education where you couldn't afford to save.

• decided to retire earlier, which means you've got less time to save.

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.