We are not able to accept personal cheques. Lump sum payments must be made through your employer's payroll so you will need to let your HR or payroll officer know in plenty of time. If you prefer, you can pay your AVCs as a lump sum instead of regular monthly payments. You will receive confirmation from us once your form has been processed.ĪVCs which are paid monthly to TPT Retirement Solutions will be deducted from your salary in the same way as your ‘normal’ monthly pension contributions. Your employer will then complete the employer sections of the form and pass it to us so that we can update your record. You can start to pay AVCs by filling in an AVC Application Form for the scheme that you want to pay contributions into and then handing this to your payroll department.
#Decibel definition how to
How to pay Additional Voluntary Contributions (AVCs)
If you would like more information on the funds please go to our scheme pages. SHPS Defined Contribution (DC) (only available to SHPS employees).SHAPS Defined Contribution (DC) (only available to SHAPS employees).Your AVC’s could be paid into one of the following TPT Retirement Solutions' defined contribution (DC) funds: Your employer can let you know if they have set up an AVC arrangement for you to pay into and which scheme this is. You may wish to discuss the options available with a financial adviser as we are unable to offer you financial advice. You should always consider the needs and the savings options which are best suited to your circumstances. you want to increase the pension payable at your Normal Pension Age (or earlier if you decide).you want your pension to start before your scheme’s Normal Pension Age.Additional Voluntary Contributions (AVCs) are extra pension contributions that you can make to boost your pension savings.
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