The AVC Plan is part of the Scheme and lets you pay extra contributions and in return get additional benefits when you retire.

Why would you want to pay more?
AVCs are usually of interest to those members who join the Scheme later in their working life, or who are considering the possibility of retiring early.

You can find out more by looking at the documents below, or by contacting your site HR Manager.

We would also advise you to consider discussing your retirement finances with an Independent Financial Adviser (IFA). You can find an IFA near you by going to www.unbiased.co.uk.

How much can you pay?
AVCs qualify for income tax relief at your highest rate, in the same way as your normal Scheme contributions. You can pay up to 100% of your gross taxable earnings in each tax year, subject to certain restrictions. 

How are AVCs invested?
AVCs are invested with Prudential. More information can be found in the Prudential key features booklet which can be downloaded below.

To make start paying AVCs or to make changes to your AVCs or where they are invested  you should use the form below.  It should be printed off and signed and returned to:

Alvis Pension Scheme, Aon Consulting, Netherton House, 25 Marsh Street, Bristol BS1 4AQ

If there is any change in the contributed amount or any AVC payment is to be made, a copy of the form should also be sent for payroll purposes to:

Claire Milner (Payroll Dept), Xchanging HRS (BLD2), Caxton Road, Fulwood Park, Preston PR2 9NN

Downloads

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Download all files in a single zip file
AVC Application Form	33.34KB	04/08/2010	Download
Pension Regulator Making Pension Fund Choices	248.79KB	04/12/2008	Download
Prudential Key Features Booklet July 2008	314.50KB	10/07/2008	Download