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NAPS members:


What I get from my AVC account

The value of your Additional Voluntary Contributions (AVCs) account will depend on:

At retirement, your AVC account can be taken as extra Lump sum or used to buy pension benefits.

Currently AVCs can be taken as cash up to 25% of the available Lifetime Allowance, even if you started paying AVCs after 8 April 1987. The Company retains the right to remove this option for NAPS members who started paying AVCs after 8 April 1987, but any change would only take effect after an appropriate notice period being given to the Trustees and would only affect any future AVCs paid after the notice period has expired..

Alternatively, AVCs can be used to buy extra pension from an insurance company of your choice.

What happens if I leave?
What happens if I die?
AVC form