A Shared Cost Additional Voluntary Contribution Scheme (SCAVC) is in addition to your Local Government Pension Scheme (LGPS) and allows you to boost your overall retirement savings, in a tax efficient manner.
Here's why it's valuable:
- You save on tax and National Insurance contributions
- Your contributions come before tax and National Insurance
- It's flexible - you can increase or decrease contributions anytime
The University has a partnership with My Money Matters to provide Shared Cost AVCs to members staff and they will be hosting two live webinars in January. These sessions will provide an overview of the service, explain how shared-cost AVCs work, and outline the potential benefits. There will also be an opportunity to ask questions.
To book on to a session, please click on the link below and register.