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  • Additional Voluntary Contributions (avcs) Application Form

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BP Pension Fund additional voluntary contributions (AVCs) application form Please complete this form if you want to: begin or restart paying AVCs change the rate at which you pay AVCs make a one-off.

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With your workplace pension, there is a minimum amount you must pay in as an employee (5%) and there may also be a maximum for that scheme. However, it is often possible to pay more into your workplace pension (within your allowances) by using an AVC pension in addition.

Any member of a pension scheme can make AVCs. The process is simple. When you decide to make AVCs and the amount you would like to contribute, complete an application form and give it to your payroll department. Your AVCs will then be deducted directly from your salary, so you get full tax relief at source.

An Additional Voluntary Contribution (AVC) plan is set up by an employer for employees to make further contributions to potentially build up additional retirement benefits.

You can begin taking money from this pot, potentially, from the age of 55, at the same time or after you begin taking income from the main scheme. The exact timings will depend on your scheme's rules. The value of your pension pot will depend on: how much you've contributed to the AVC scheme.

Additional Voluntary Contributions (AVC) An AVC pension allows members of workplace pension schemes to build up pension benefits in addition to the standard benefits provided by their scheme. Think of it as topping up your pension savings. These are set up by an employer or the trustees of an employer's pension scheme.

Yes, you can make additional savings. The more you save for your retirement, the more income you'll have – so it makes sense to save as much as you can afford. You make additional savings by paying additional voluntary contributions (AVCs).

What are the disadvantages of an AVC pension? You won't have as much freedom if you choose an employer's AVC pension. You cannot access it until you reach age 55 as opposed to an ISA, which you can access anytime.

Any member of a pension scheme can make AVCs. The process is simple. When you decide to make AVCs and the amount you would like to contribute, complete an application form and give it to your payroll department. Your AVCs will then be deducted directly from your salary, so you get full tax relief at source.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232