Additional contributions

Whilst the Plan provides a generous level of benefits, you can increase these by paying Additional Voluntary Contributions (AVCs)

You may pay AVCs on a regular basis, or at any frequency
You may pay up to 100% of your total earnings on the condition that you are able to meet your other financial commitments from your salary (such as the payment of National Insurance). You should also give consideration to the Annual Allowance and Lifetime Allowance if you are a high earner and thinking about making substantial contributions.
Included in this limit will be 6% contributions you are already making to the Plan.
You will receive tax and NIC relief on all these contributions

Your AVCs will:

be invested in a separate account in your own name, and
earn interest or gain investment growth.

Changes at 6th April 2006 mean that AVCs may be included in the calculation of cash sum and, subject to the limits and conditions in Cash Allowance and Flexible Retirement, may be used to generate a cash sum.

Should you wish to contribute to an AVC or change an existing AVC, you can do so through the Your Total Reward website

The following links provide further information about investments which you may find useful.