Additional Voluntary Contributions (AVCs) are a tax-efficient way to make extra savings into your pension pot.
AVCS are taken from your pay before tax (subject to certain limits). You choose how much extra you want to pay in.
You may want to consider AVCs if you:
You can join BRASS if you joined the Fund before 1 April 2007.
You can join AVC Extra if you joined the Fund on or after 1 April 2007 or if you joined before 1 April 2007 and already pay the maximum to BRASS
If you're not sure, it's recommended that you take independent financial advice. You'll find a list of IFAs in your area at unbiased.co.uk.
Neither your employer, Railpen nor the Trustee can offer advice on individual financial matters.
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