Contribution Choices

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 upper limit on the contributions you can pay into the Scheme each year is 10% of your pensionable salary for the tax year.

Your usual contribution is 5½% or 8% of your pensionable salary. You can pay the additional 10% into AVCs.

How do I pay?

AVCs are deducted from your monthly salary.

You can start, change or stop your AVCs at a month's notice by completing the AVC Form and sending this to ASK HR or your local HR Manager and to Group Pensions Department.