It’s never too soon or too late to think about the difference you could make to your lifestyle later in life. In addition to your Local Government Pension Scheme (LGPS), Additional Voluntary Contributions (AVCs) could be just the thing to help your retirement pot go further.
Find out how AVCs could help you. We cover the basics and all the important details too. AVCs are investments so the value of your fund can go down as well as up so you might get back less than you put in.
Understanding your AVC
What’s an AVC?
A quick introduction to AVCs and how they workRead more
AVCs and tax savings
The impact of tax saving on your AVCRead more
How AVCs could help you
How AVCs could fit into your plans for the futureRead more
Flexible paying in, flexible paying out
Choose how you build and access your AVC potRead more
Default investment option
If you’d rather not make your own investment choice, this option could be for you.
This option is for members who want to take more or less risk than the default option. These lifestyles automatically target a specific outcome as you get closer to taking your benefits.
Choose your funds
If you’re comfortable choosing your own funds, you can choose up to ten from the risk rated funds available. This could be a good choice if you’re happy being in charge of your investments and fully understand the risks involved.
Check your Fund Guide for more information and to see which of these options are available to you. If you want information on a particular fund, click on the fund name in your Fund Guide to go to the fund factsheet.
It’s up to you to decide which investment option is right for your needs. Watch our ‘Understanding your investment options’ video for more information.
These options aren’t a recommendation from Prudential. If you’re still unsure, speak to a financial adviser.
Choose your Fund Guide
- Bedfordshire Pension Fund Berkshire Pension Fund Bexley Council Buckinghamshire County Council Cambridgeshire County Council Pension Fund Cardiff & Vale of Glamorgan Pension Fund City and County of Swansea Pension Fund City of London Pension Fund Clwyd Pension Fund Croydon Council Pension Fund Cumbria Pension Scheme Derbyshire County Council Pension Fund Devon County Council Pension Fund Dorset County Council Pension Fund Durham County Council Pension Fund Dyfed Pension Fund East Riding Pension Fund East Sussex County Council Pension Fund Environment Agency Active Pension Fund Essex County Council Pension Fund Falkirk Council Pension Fund Fife Council Pension Fund Gloucestershire County Council Pension Fund Greater Manchester Pension Fund Hampshire Pension Fund Highland Council Pension Fund Isle Of Wight Council Pension Fund Kent County Council Pension Fund Lancashire County Pension Scheme Leicestershire County Council Pension Fund Lincolnshire County Council Pension Fund London Borough Of Barking & Dagenham Pension Fund London Borough of Barnet Pension Fund London Borough of Brent Pension Fund London Borough of Camden Pension Fund London Borough of Enfield Pension Fund London Borough of Hackney Pension Fund London Borough of Haringey Pension Fund London Borough of Harrow Pension Fund London Borough Of Havering Pension Fund London Borough Of Hillingdon Pension Fund London Borough of Islington Pension Fund London Borough of Lambeth Pension Fund London Borough Of Merton Pension Fund London Borough of Sutton Pension Fund London Borough Of Wandsworth Pension Fund London Pensions Fund Authority Lothian Pension Fund Merseyside Pension Fund Norfolk County Council Pension Fund North East Scotland Pension Fund North Yorkshire County Council Pension Fund Northamptonshire County Council Pension Fund Northern Ireland Local Government Pension Scheme Northumberland County Council Pension Fund Nottinghamshire County Council Pension Fund Orkney Islands Council Pension Funds Oxfordshire County Council Pension Fund Powys County Council Pension Fund Rhondda Cynon Taff Pension Fund Royal Borough of Kensington & Chelsea Pension Fund Shetland Islands Council Pension Fund Shropshire County Pension Fund Somerset County Pension Fund South Yorkshire Pension Fund South Yorkshire Transport Authority Pension Fund Strathclyde Pension Fund Surrey County Council Pension Fund Tayside Pension Fund Teesside Pension Fund Tyne & Wear Pension Fund West Midlands Pension Fund West Yorkshire Pension Fund Wiltshire Pension Fund
3. Make a note of your choice
- You need to choose which investment option you want before you apply. Once you’ve made a decision, write it down so you have it to hand when you apply.
And don’t worry, you can change your investment choice at any time in the future – before, or after you’ve applied.
AVCs are investments so the value of your fund can go down as well as up so you might get back less than you put in.
Before you apply for AVCs
It takes approximately 15 minutes to apply, and you can do this by printing off and returning the completed aplication form or by calling us.
To apply, you need:
- bullet your payslip
- bullet your investment choice
You need to read the documents below before you apply. They have important information about the risks, benefits, costs and charges of the product and the funds to help you make a decision.
To download and save and/or print these documents for future reference, you should ensure that you have a PDF file reader program installed - Adobe has a free reader.
You can complete our application form with Acrobat reader. Read instructions on how to do this.
After you've completed the form, you'll need to print it off and sign it before posting it to us at - Prudential, Lancing, BN15 8GB.
Once we've processed your application, we'll post a letter to you with details of the first contribution from your salary. After you've got your confirmation letter you can register to manage your AVC plan online. Take a look at our online account user guide to see how you can get started.
Speak to a Retirement Specialist or apply by phone
You can also start your AVCs by calling our Retirement Specialist Team. They can’t give you advice, but they can help answer any questions you have about AVCs.
Monday to Friday from 9am to 5pm
To decrease your AVCs or for general enquiries about your existing AVC pot, please call our servicing team on 0345 600 0343. Lines are open Monday to Friday from 8.30am to 6pm.