Paying into a final salary pension

AVCs: Boosting my benefits

As a member of the RPS, you’ve already taken a big step towards planning for your future – but have you considered boosting your retirement pot a bit further?

One way to do this is by making Additional Voluntary Contributions (AVCs). These are extra, tax-free contributions that you choose to make, on top of paying your normal pension contributions. You may benefit from this approach if you are looking to bridge the gap, if there is one, between the pension you’ll get when you retire and the income you think you’ll need for the lifestyle you want.

How AVCs work

The contributions you pay in as AVCs build up a pot of money you can then use to provide extra benefits at retirement. For example, the fund can be used to provide extra cash at retirement.

You choose how much you want to pay and, subject to certain limits, AVCs are taken from your pay before tax.

Do you have to make AVCs?

No, becoming a member of an AVC arrangement is entirely up to you, but may be something you want to consider if you:
• have earnings which don’t count towards your RPS pension, such as bonuses or overtime;
• are thinking about taking your benefits early (if you are eligible); or
• you simply want to save a bit more towards your future.

The AVC options

The RPS offers two AVC arrangements – BRASS and AVC Extra.

Are AVCs right for you?

That’s not something your employer, RPMI or the Trustee can advise you on. You have to make the decisions that are right for your unique needs. It’s strongly recommended that you speak to an independent financial adviser (IFA), regulated by the Financial Conduct Authority. You can find IFAs in your local area at

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