If you’re a Local Government Pension Scheme member, our Shared Cost AVC scheme is one of the most effective ways to boost your retirement savings through salary sacrifice.
Shared Cost AVCs offer a variety of key benefits including:
- making tax and National Insurance contribution savings on the money you add to your Shared Cost AVC pot
- you can choose and change how much you contribute at any time, starting from as little as £2 per month
- currently you can access your pot of money from age 55 onwards, meaning you could retire early.
You can find out more about Shared Cost AVCs by visiting the My Money Matters Knowledge Hub.
Boost your retirement savings
And there’s still time to boost your retirement savings before the end of the tax year on 5 April 2025.
To help you get started, My Money Matters is hosting their end of tax year approaching - act now webinar over the next couple of months. Join them to learn how a Shared Cost AVC could help you enhance your tax savings while building your retirement pot. Don’t miss out - book your place today.
My Money Matters also runs webinars on other areas including retirement and how to make the most of your money, savings and investments, insurance, debt planning and money management and estate planning. Register with My Money Matters or log in if you have an account and see what’s available under the webinars tab on the homepage.