Free Standing Additional Voluntary Contributions (FSAVC)
As a member of a company pension scheme, FSAVCs allow you to make additional voluntary contributions separately of any pension provided by your employer.
If you have any additional questions that have not been covered on this webpage please contact us using the details at the bottom. Please also refer to 'what would you like to do' section at the bottom:
Also, if you're thinking of making changes to your plan, or paying in more money, it's really important you speak to a financial adviser. They can help you understand if what you want to do is right for you and your aims and circumstances, that may have changed since you took your plan out. They'll be responsible for the advice they give and you'll also have protection from the Financial Ombudsman Service.
Regardless of whether you’ve taken advice, you can refer any matter to the Financial Ombudsman Service for consideration should you feel that you haven't been treated fairly, or for any other aspect under the Financial Ombudsman Services remit.
Read about the features of your FSAVC Plan
- FSAVC’s qualify for tax relief.
- You can take a tax free lump sum on retirement.
- Any pension in payment is taxed as earned income.
- You can read more about tax benefits here.
*The above is based on our understanding, of current taxation, legislation and HM Revenue & Customs practice, all of which are liable to change without notice. Because tax rules can change, the impact of taxation (and any tax relief) depends on your circumstances.
You can vary, stop, start and make regular payments or single lump sum payments at any time, even if you change jobs.
Please note that charges will still be applied and deducted and any changes to your contributions will impact the benefits you wish to take on retirement. Your pension is intended to be used as a source of income once you retire. Please consider what is best for you and how you are going to live off this in the future.
Your pension contributions can be invested in a choice of funds (refer to your plan literature for more on this). The value of your investment can go down as well as up so you might get back less than you put in.
Review your FSAVC
By accessing our secure online portal, you may be able to manage your enquiry yourself or alternatively send us a secure email to deal with your product query.
Within our online services you can check the value of your policy, change personal details, view key documents online and send us secure messages.
If you have not yet registered, this only takes a few minutes - register here.
Read more about your FSAVC scheme:
What would you like to do?
0345 640 2000
Monday to Friday, 8am - 6pm.
Write to us - Prudential, Lancing, BN15 8GB
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