I would like to increase my benefits
Additional Pension Contributions (APCs)
- How much extra pension you want to buy
- The age you start paying the extra contributions
- The length of time you want to pay them for
Approved leave of absence
HM Revenue and Customs limits
Like all pension contributions, Additional Pension Contributions are subject to HM Revenue and Customs (HMRC) limits that are called annual allowance and lifetime allowance. Increasing your pension, particularly if you pay a one-off lump sum payment, may result in a tax charge. Please see our annual allowance page for more details and a link to a calculator.
Get a quote for an APC
If you are interested in paying an APC, please complete and return the form below:
Additional Pension Contributions (APCs) quote request form PDF, 58 KB
Please note that if the APC is for a period of approved leave of absence, then you will also need someone in your employer's payroll office to complete part of the form. To confirm that this has happened, the form MUST be signed by an appropriate member of staff (i.e. a payroll administrator).Additional Voluntary Contributions (AVCs)
You can now pay a proportion of your pensionable earnings in any single month, into an Additional Voluntary Contribution (AVC) plan.
In an AVC plan:
- You will have a choice of funds to invest in.
- You can change or stop contributions to suit your circumstances.
- You do not need medical clearance to start paying AVCs.
When you retire, you can choose how to use your fund. AVCs are very flexible when deciding what you want:
- You can use the AVC fund to increase your monthly pension income
- You can use it for a combination of tax free cash and/ or pension (subject to Inland Revenue limits, see below)
HM Revenue and Customs limits
Like all pension contributions, Additional Voluntary Contributions are subject to HM Revenue and Customs (HMRC) limits that are called annual allowance and lifetime allowance. Increasing your pension, particularly if you pay a one-off lump sum payment, may result in a tax charge. Please see our annual allowance page for more details and a link to a calculator.
Further information about Addtional Voluntary Contributions (AVCs)
For more details, please visit Prudential's website.
In addition, there is further information about AVCs on the national Local Government Pension Scheme website.