Your future, your focus: Make the most of the new year

The beginning of a new year is a chance for a fresh start – whether it’s joining the gym, practicing mindfulness, or embracing Veganuary, prioritising our physical and mental health often tops the agenda. But what about your financial health?

The good news is there’s still time to boost your retirement savings before the end of the tax year on 5 April 2025.

This is your opportunity to make the most of this financial year’s tax allowances by tapping into your exclusive benefit – the Shared Cost Additional Voluntary Contribution (Shared Cost AVC) scheme. It’s a cost-efficient, flexible way to grow your pension pot while saving on taxes.*

To help you get started, My Money Matters are hosting their informative webinar “End of tax year approaching – act now” in the first months of the new year. Join them to learn how a Shared Cost AVC could help you enhance your tax savings whilst building your retirement pot.

Don’t miss out – book your place today!

Looking to dive deeper into tax savings? Check out the My Money Matters blog post: Your end of tax year checklist.

*A Pension is a long-term investment; the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rate and tax legislation.

You will need to consider what investment product is suitable for you. Please speak to an independent financial adviser if you require financial advice.

Shared Cost AVCs are available to active LGPS members only. You should consider your affordability before making or amending your Shared Cost AVC plan.

Tax treatment is based on individual circumstances and may be subject to change in the future.