Life isn’t always as simple as we'd like it to be. Some things take us by surprise and those surprises can cost money.
There’s no minimum contribution amount.
You can pay in up to 100% of your pensionable pay each month after deductions (such as National Insurance and your NHS pension scheme contribution) are taken. This is subject to scheme and tax allowances.
Here's a reminder of how AVCs work, so you can decide if changing your AVC contributions is right for you.
One reason you might choose to save for your retirement with AVCs, alongside your main scheme pension, is the tax savings they offer.
There’s no need to feel overwhelmed, when it comes to reviewing your AVC pot.
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.
Prudential is an international financial services company, and long established provider of life insurance and pensions in the UK.