Boosting your UPP benefits

You're already saving towards your retirement, but have you considered whether it's enough? The Scheme offers you ways to increase your pension savings if you want to, so don't leave it too late to plan for your future.

Additional Voluntary Contributions (AVCs) and how they work

Additional Voluntary Contributions (AVCs) are extra payments you can make towards your pension, aside from your contributions to the UPP.

You decide how much you want to pay (subject to limits). Your employer collects contributions before your wages are taxed, so you get tax relief immediately. You have the opportunity to amend your contribution level during an annual enrolment window.

Your AVCs will be paid into the investment funds you choose from the range available. The value of your AVC account when you retire will depend on the performance of your chosen funds.

Please be aware that the value of investments can go down as well as up. You may want to consider seeking independent financial advice before making any decisions about your finances. If so, you can find details of advisers in your local area on the Unbiased website.

For further information, please contact the administrator, Fidelity.

Make sure you understand the tax allowances

There are limits on how much you can save towards your future before there's a tax charge. Go to the tax allowances page for more information.

Are you saving enough?

Use our modeller to work out how much income you might need when you retire.

Try it now >>