An AVC plan is a separate pot of money you build up alongside your Teachers’ pension, that aims 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.
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, so flexibility is important when it comes to saving for the future.