Group additional voluntary contributions pensions

What is a group additional voluntary contribution pension plan?

If you have an occupational pension scheme, you can also provide a way in which its members can make additional voluntary contributions (AVCs) to top up their pensions. The trustees of a main occupational pension scheme can set up a group AVC scheme to do this.

Only employees who have become members of an occupational pension scheme are eligible to join the AVC scheme. Each of the members will have their own fund in which their contributions are invested on their behalf, and the benefits will normally be payable at the same time as those from the main occupational pension scheme.

How it works

More detail about the way this plan works.

Common questions

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Next steps

If you would like more information you should talk to a financial adviser.

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