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Salary Sacrifice Shared Cost AVCs

24 February 2022

If you are a member of the Local Government Pension Scheme (LGPS), you have been able to build up your pension benefits for retirement by paying Additional Voluntary Contributions (AVCs) with a tax-free deduction through payroll. 


We’re working with AVC Wise to introduce a salary sacrifice Shared Cost AVC scheme which allows members of the LGPS to make even more cost-efficient retirement savings alongside their LGPS pension by saving on National Insurance contributions in addition to tax savings.

From 14 March 2022, members of the LGPS will be invited to access our secure shared cost AVC platform for information and resources. In the meantime, you can find out more about the scheme on the Our Derbyshire website or attend one of the webinars run by AVC Wise.

To book on one of the webinars, please go to the AVC website. You’ll need to register and then use the events tab to view the available presentations and select the one you wish to attend. AVC Wise will confirm your place

Webinar topics

Your new retirement benefit (existing AVC members only)

This webinar will help you understand the benefits of switching to Shared Cost AVCs

Length: 30 minutes

Dates:

  • Monday 14 March 12.30pm
  • Monday 21 March 10.30am

How to retire early and with more money (all LGPS members)

This session will give you an insight into how Shared Cost AVCs can provide a unique savings opportunity that not only benefits you today, but also at the point of your retirement

Length: 45 minutes

Dates:

  • Wednesday 16 March 12.30pm
  • Thursday 17 March 2.30pm
  • Wednesday 23 March 8.00am

The LGPS and Shared Cost AVCs (all LGPS members)

A detailed session covering the LGPS, your investment options and the many benefits of Shared Cost AVCs.

Length: 60 minutes

Dates:

  • Tuesday 22 March 5.30pm
  • Thursday 24 March 2.30pm
  • Friday 25 March 10.30am