AVC provider for members of the Westminster Pension Fund

Note: An AVC plan is an investment and the value can go down as well as up. The fund value in the future may be less than the payments you have made. .

Applying for an AVC?

To obtain further information or to start paying an AVC, email: [email protected]

Before applying check:

1) Understanding AVC's 

The Member guide to AVCs in the LGPS (hants.gov.uk) gives a clear explanation of what AVCs are, how they work and your options to use your AVC at retirement. You are highly recommended to read this before applying for an AVC.

2. AVCs and Tax

One of the benefits of paying into a registered pension scheme is that you receive tax relief on the contributions you pay into the scheme. However, there are also tax restrictions. For more information on these see Member guide to AVCs in the LGPS (hants.gov.uk)

If you require further information on the tax implications of contributing to or taking an AVC, please contact us.

3. Your investment choices/charges

You will need to ask for confirmation of what investment options are available and the charges associated with each fund, when you email.

4. Financial Advice

It is advisable to get independent financial advice before taking our any form of additional pension saving.

You can get help choosing a financial adviser from the Money Helper website. Money Helper is backed by The Government and provides free impartial information and guidance. 

The Financial Conduct Authority (FCA) is the regulatory body for independent financial advisers. Beware of pension scams and only use an advisor regulated by the FCA.

You can find a local independent financial adviser (IFA) at: www.unbiased.co.uk. Unbiased is a website which lists regulated and independent financial advisers. It checks that everyone on the site is registered with the FCA. 

It is important to note that neither your LGPS Pension Fund nor Aegon can give you financial advice.