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Staff Benefits

Staff Benefits

Shared Cost Additional Voluntary Contribution Scheme

If you are a member of the Local Government Pension Scheme (LGPS), you can now access a Shared Cost Additional Voluntary Contribution (AVC) scheme, facilitated by our partners AVC Wise.

What is a Shared Cost AVC scheme?

This is an efficient way to top up your pension pot, providing both Income Tax and National Insurance Contributions (NIC) relief.

The extra NIC savings you make can be reinvested into your Shared Cost AVC pot. This pot of money will be invested according to your investment* choices and could therefore grow as time goes on. 

By topping up your pension pot, this means you could potentially retire early or with more money. 

You find out how much your Shared Cost AVC could be worth at retirement by using AVC Wise's new calculator tool at https://www.avcwise.co.uk/calculator.

You can find out more information about the Shared Cost AVC scheme in the short video above. 

To contact AVC Wise, you can email support@avcwise.co.uk, call 01259 784546 or visit their website at https://www.avcwise.co.uk/ to use the live chat service. 

Webinar - Investing in your financial future

We’ve teamed up with our partners AVC Wise whop will be hosting two webinars for our Local Government Pension Scheme (LGPS) members.

The webinars – How to Retire Early with More Money - will give you an insight on how Shared Cost AVCs can provide a unique savings opportunity that not only benefits you today, but also at the point of your retirement.

The webinars will take place on Thursday, 17th June with two 30 minute sessions available at different times. You can choose either 11am or 1.30pm.

If you would like to book a slot, please visit www.avcwise.co.uk/book and sign in or register.

To contact AVC Wise, please email support@avcwise.co.uk, call 01252 959 779 or visit www.avcwise.co.uk to use the live chat service.

*The value of an investment can go down as well as up.