What are AVCs?
Additional Voluntary Contributions (AVCs) are a tax efficient way of saving for extra pension benefits at retirement. The AVCs are paid into an investment fund and grow with investment returns until you decide to draw them (which must be at or after retirement). At retirement your AVCs can be taken as a Lump sum or used to buy extra pension.
British Airways Pensions has three AVC funds which currently have no charges. For more details see the AVC Plan - information leaflet.
You can save AVCs in two ways - SmartAVCs and/or normal AVCs.