Increasing your benefits
You have the following choices to consider when deciding how to increase your benefits via a pension arrangement:
- Paying Additional Regular Contributions - known as 'ARC's' - to buy extra benefits in the LGPS.
- Paying additional voluntary contributions through the LGPS - known as in house AVC's - to the Fund's current AVC provider, the Prudential . Charges will apply to new Prudential Plans from 19 August 2012. Please read our information about the new charges
- Paying free-standing additional voluntary contributions (FSAVC's) to a FSAVC provider of your personal choice.
- Paying contributions into a stakeholder pension scheme at the same time as paying into the LGPS.
- Paying contributions into a personal pension scheme at the same time as paying into the LGPS.
Not all of the above will be available to every individual.
For more information on the options available to view our Increasing your Pension Benefits[pdf - 242kb]The Fund has following information available regarding ARC's
If you have any queries or require further information, please contact us. We are unable to offer financial advice, but we can discuss your options with you. You may wish to seek independent financial advice before making your decision.
The Pensions Section is not authorised under the Financial Services Act to give scheme members individual advice. If you wish to receive individual and independent advice you may wish to talk to a registered independent financial adviser. You will personally need to meet the cost of any charges made for the advice.
You can obtain information on a wide range of financial topics, including how to go about finding a financial adviser, from the Financial Services Authority(FSA). This is an independent organisation responsible for regulating financial services in the UK.
