You have a number of options to choose from when you decide to take money from your AVC pot, which you can currently do from age 55 (57 from 6 April 2028, unless you have a protected pension age), or possibly earlier if you’re in ill health. These options give you greater choice and control over how and when you retire.
With some of the options, you need to transfer the value of your AVC pot to one or more pension plans outside the LGPS.
Other options are available directly from your AVC pot. They are subject to your LGPS rules, so you may have to take your main LGPS benefits at the same time.
Pension Wise is a free, impartial guidance service available to those aged 50 and over. It's offered by the Government to help you understand your options at retirement. You can find out more at moneyhelper.org.uk/pensionwise or by calling 0800 280 8880 to book a phone or face-to-face appointment. We recommend that you use this service to help you understand your options
Change your contributions to suit your needs and circumstances.
Check your investment choice online and switch whenever you want to.
Prudential is an appointed AVC provider to 72 of 99 Administering Authorities within the LGPS.