Increase your Additional Voluntary Contributions if you'd like the chance to retire early or retire with more money

Existing customer looking to increase?

Increase your AVCs

New customer looking to apply?

Apply for AVCs

How often do you check your Additional Voluntary Contribution (AVC) pot? 

Whatever you want to do when you stop working, make sure you’re on track to secure the kind of lifestyle you want.

Give yourself a reminder of 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. 
 

Your AVCs

Your AVCs

Your AVC pot could provide you with extra in retirement.

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Tax savings

Adding to your AVC pot could be easier than you think.

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Flexible contributions

Change your contributions to suit your needs and circumstances.

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Changing your investment

Check your investment choice online and switch whenever you want to.

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Flexible ways to take your money

You have a number of options for taking your money.

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Trusted provider partnership

Prudential is an appointed AVC provider to 74 of 99 Administering Authorities within the LGPS.

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Investment choices made simple

1. Understand the investment options you may have 

Default investment option

if available

If you’d rather not make your own investment choices, this option could be for you.

Lifestyle option

if available

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. 

2. Read about the funds available to help you decide

  • Review your current investment choice, and if you’d like to change it, read your Fund Guide. This will give you more information about the options and funds available. 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

Type your Local Government Pension Scheme name into the box below

3. Make a note of your choice

  • Once you’ve made a decision, write it down so you have it to hand. You can change your investment choice online or by calling 0345 600 0346 Monday to Friday between 8.30am and 6pm.
  • And don’t worry, you can change your investment choice at any time in the future.

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 increase your AVCs

It takes approximately 10 minutes to increase your AVCs, and you can do this online or by calling us.

To increase, you need:
  • bullet your payslip
  • bullet your investment choice
You need to call us if:
  • bullet you're a local councillor
  • bullet you want to make a one-off contribution through your pay and aren’t paid monthly

View an example payslip

You need to read the documents below before you increase. They have important information about the risks, benefits, charges and costs 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.

Important information

Prudential has given no advice on this investment. If you’re unsure if this product is suitable, please get financial advice.

If you've changed employment since your last AVC payment, you’ll need to apply for a new AVC plan. Changes to employment are:

  • 
Leaving an employer and returning at a later date under a new contract.

  • Moving to a different employer under a voluntary or TUPE transfer.
  • Your AVC pot is taken as part of a flexible retirement and your role has changed.

Ready to increase your AVCs?

Our online form is secure. Once you start this application, any data you enter will be temporarily stored by Prudential and its business partners. The data will be deleted if you don't submit the form, unless you've asked us to contact you to help you complete it.

If JavaScript has been disabled within your browser, the content and functionality of the online form might be limited or unavailable. Read instructions for enabling JavaScript. We'd also recommend you upgrade to the latest version of your internet browser for an optimal experience.  

Once you've increased your AVCs, you’ll receive a confirmation email. Remember you can go online to manage your AVC plan. Take a look at our online account user guide to see how you can get started.

Speak to a Retirement Specialist to increase your AVCs by phone

You can also increase your AVCs by calling our Retirement Specialist Team. They can’t give you advice, but can help answer any questions you have about AVCs.

0800 032 6674 0800 032 6674

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.