Define your lifestyle in retirement

Additional Voluntary Contributions (AVCs) can be one of the most effective ways to help you save enough money to fund the lifestyle you want in retirement.

AVCs are a great way to help bridge shortfalls in income that you may face in retirement, even with a final salary pension. They can help you catch up if you joined your employer's pension scheme late, if you plan to retire early or simply want to live more comfortably in retirement.

AVCs are tax efficient contributions made directly from your salary. Your contributions build up an additional pension pot to your employer's pension scheme.

You can potentially take all of your AVC pot as a tax-free cash lump sum, or use some, or all of it to provide a regular retirement income, supplementary to your employer's pension. Under the terms of the current contract you will need to do this by your 75th birthday.

Prudential are the UK's leading AVC provider and the official partner to the Local Government Pension Scheme.

You also have the option of Additional Regular Contributions within your pension scheme. For more information about this contact your main scheme administrator.