As a member, you have the peace of mind of knowing you belong to a first rate pension scheme. But especially if you joined later in life, or you have lost benefits following a break, you may be interested in paying extra to top up your benefits.
We offer three simple ways of topping up your benefits, and these are:
An investment based option, usually offered through Prudential.
Buying extra or lost pension
A way of buying more pension directly from us, simply to buy extra pension, or to buy lost pension.
Additional death benefits
A basic good value form of extra life cover.
What they have in common
Whichever method you choose, the extra contributions will come straight out of your pay. And because they all count as pension contributions, you get tax relief if you are a tax payer. But be aware you will have to pay the full cost yourself, as unlike your normal benefits, these extra benefits aren’t subsidised by your employer.
Choosing between AVCs and APCs
These are both ways of boosting your own benefits, but they work in completely different ways. Click the link to see how they compare: Comparing AVCs & APCs