What are SmartAVCs?
SmartAVCs is an arrangement offered by BA and is a way of saving AVCs via a salary sacrifice arrangement. You can save SmartAVCs if you already participate in SmartPension for your APS/NAPS Scheme contributions. Your pay is reduced by your SmartAVC amount as a result. You save on tax and National Insurance (NI) and BA passes most of its NI savings to your AVC account in the form of an additional uplift, currently 10% of your SmartAVC amount. To benefit from the NI savings, you must commit to a regular weekly/monthly rate of SmartAVCs for at least 12 months from 1 October. The full terms and conditions for SmartAVCs are contained in the SmartAVC Factsheet on the BA intranet.