Menzies Money Purchase Pension Scheme
AVCs
You can pay AVCs as a regular fixed monthly amount or as a one-off lump sum. Whatever your preferred method of saving, your AVCs will be deducted directly from your earnings before tax is calculated, giving you automatic tax relief at the highest rate you pay.
AVCs are completely flexible, you may start, stop and alter your AVCs at any time. The AVCs are invested by the Trustees on your behalf. You have a choice of where to invest your contributions. Full details of the funds available are given in the Investment Information leaflet below.
Currently 25% of your AVC fund may be taken as a tax free cash sum at retirement. The balance is used to buy extra pension.
Investment Information Leaflet
AVC Application form
To start, stop or alter AVC payments
