Make today count for tomorrow

Taking advantage of your tax-free allowances before the April 5 deadline is a simple way to boost your retirement income and support the future you’ve been dreaming of. You’ll have to action this by your March payroll. 

Utilising a Shared Cost Additional Voluntary Contribution (AVC) scheme can make boosting your pension even easier with tax savings. You can contribute more towards your future for less as every £100 added only costs a basic rate taxpayer £72.08*.

Take advantage of your tax-free opportunity today by applying for a Shared Cost AVC scheme here.

If you’ve already got a Shared Cost AVC plan, the run-up to the end of the tax year is a great time to review your contributions and make sure you’re making the most of your allowances. You can manage your contributions here.

My Money Matters is hosting exclusive webinars in the run-up to the tax year’s end, to help you prepare for the end of the tax year, make the most of this year’s allowance, and do more for your future.

You can view the available sessions by visiting EOTY webinars | My Money Matters and book onto your preferred webinar. 

A Shared Cost AVC scheme is a pension product for active LGPS members and can be accessed at the time of the release of your LG pension. Whilst Shared Cost AVC schemes can offer valuable benefits, they may not be suitable for everyone.

*Basic rate taxpayer savings are a guide & based on current Income Tax (20%) and National Insurance (8%) rates, which are subject to change. These figures are not guaranteed. 

It’s important to remember that as your pension is invested, the fund value can go down as well as up, and you may get back less than you invest. The Pension eligibility and tax rules that apply depend on your individual circumstances and may change at any time.