Increasing your benefits

Paying Free Standing Additional Voluntary Contributions (FSAVCs)

Free Standing Additional Voluntary Contributions (FSAVCs) are similar to in-house AVCs but are not linked to the LGPS in any way.

With FSAVCs, you choose a provider, usually an insurance company. You may want to consider their different charges, alternative investments and past performance when you do this. You choose how much to pay into an FSAVC arrangement. You can pay up to 100% of your UK taxable earnings, less your normal pension contributions.

Your FSAVC fund should grow as it is invested and will be available later in your life to convert into an additional pension of your choice. You can often choose which investment route you prefer.