Additional Voluntary Contribution (AVC)

Our AVC provider Prudential offers Shared Cost (SC) AVC arrangements giving eligible staff the opportunity to make AVCs on a salary sacrifice (SS) basis. Any employer wishing to implement a SS SC AVC arrangement should email  Employers wishing to implement a SS SC AVC arrangement must agree to comply with Prudential’s terms of business, including the requirement that they must notify their Administering Authority of their intent to set up such an arrangement. This is to ensure that contributions are administered correctly and to ensure that the information we provide to members is correct and compliant. More information can be found in Prudential’s terms of business.  We recommend that employers take specialist tax advice when setting up the arrangements to ensure that they meet all HMRC requirements.

If you have already expressed interest to Prudential about SS SCAVC’s they will contact you directly, however if you have not heard from them in the next couple of weeks please email the above to register your interest.