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You could be making red hot savings

7 July 2022

Is your pension enough to support you in retirement so you can spend future summers the way you want to?

If you’re a Local Government Pension Scheme member, our Shared Cost Additional Voluntary Contribution (Shared Cost AVC) scheme is one of the most effective ways to save for retirement.

You will make valuable Income Tax and National Insurance contribution savings on your Shared Cost AVC payments and have the flexibility to choose and change your contribution amount as and when you need to.

Investing £50 per month will only cost a basic rate taxpayer £33.51. That’s an immediate saving of £16.49!

Find out more at an AVC Wise webinar

How to retire early and with more money

  • 12 July at 12.30pm
  • 14 July at 5pm

The LGPS and Shared Cost AVCs

  • 13 July at 5pm

To book your place at an AVC webinar by registering or signing into your account and heading to the events page.

A pension is a long term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

Tax treatment is based on individual circumstances and may be subject to change in the future.

Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.