Additional Pension and AVCs

In the LGPS you have access to two tax efficient ways to make additional pension savings. 


Additional Voluntary Contributions (AVCs)

AVCs are tax efficient contributions made directly from your salary. Your contributions build up an additional pension pot to your pension account.

If you pay AVCs via the LGPS you may elect to take up to 25% of your AVC fund as a tax-free lump sum provided the lump sum doesn't exceed £312,500 (2014/15 figure). Or use some, or all of it to provide a regular retirement income, in addition to your pension account. Under the current regulations you will need to do this by your 75th birthday.

Our AVC provider is the Prudential. Please contact them directly to discuss the range of funds available to members.


Additional Pension Contributions (APCs)

There may be times when you may need to consider adding to your pension in the LGPS. This could be because you joined later in your career or have had a career break and want to buy extra pension or maybe you have lost pension due to an unpaid absence. 

Paying Additional Pension Contributions (APC) either regularly, over a number of complete years, or as a one-off lump sum will allow you to add extra pension or make up for lost pension. The maximum amount of annual pension you can buy using an APC was £6,822 (as at 1.4.2015). This figure will increase each year in line with the cost of living. Buying lost pension is important if you have pre-1st April 2014 membership and wish to protect your benefits in a number of different circumstances.

Please see the flowchart below and follow the link to pages where you can obtain quotes and get application forms.


APC Calculator