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Application to Amend AVC Extra Contributions Railways Pension 2018-2024

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hello and welcome to pensions 101 a series designed to help you make sense of pensions my name is bat and today we're going to talk about avc pensions avc stands for additional voluntary contribution and an avc pension is a type of pension that you can build alongside your workplace pension avc pensions can be a tax-efficient way to boost your retirement savings as with most pensions avc pensions usually qualify for tax relief from the government basic rate taxpayers usually get a 25 tax top up for example if you paid 100 pounds into your pension you would get an extra 25 pounds from the government meaning a total of 125 pounds will be invested into your pension plot higher rate taxpayers can claim further tax relief from their pension contributions through self-assessment avc pensions are offered by your employer or its board of trustees and they're particularly useful if you're trying to build your retirement savings in later life or if you have disposable income that you'd like to s

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UK Railways Pension Scheme PM42 2018
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