Retirement Planning - Additional Voluntary Contributions (AVCs)

Additional Voluntary Contributions (AVCs) are designed to help these employees "top-up" their benefits.

They are particularly attractive to employees whose benefits are likely to be low due to a short period of service with their employer; career breaks, or because the occupational pension scheme benefits is not generous.

The AVC top-up scheme runs alongside the main scheme, and the employer will deduct the AVC contributions in the same way as the main scheme.