It’s important to plan for your future. You may need more money than you think when you retire as:
Not only are AVCs a smart way to save for your future, they can give you options for how and when you retire. With AVCs you may be able to:
Additional Voluntary Contributions, or AVCs, are a separate pot of money you can build up alongside your employer’s pension scheme to give you extra retirement benefits.
One of the reasons you might choose to save for your retirement with AVCs, alongside your main scheme pension, is the tax savings they offer.
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.
It’s important to regularly review your AVC pot to make sure you’re on track to achieve the lifestyle you want when you stop working.
Life isn't always as simple as we'd like it to be. Some things take us by surprise and those surprises.