Employment benefits - Shared Cost Additional Voluntary Contributions and Additional Voluntary Contributions

Shared Cost and Additional Voluntary Contributions

Shared cost and additional voluntary contribution benefit

Shared Cost Additional Voluntary Contributions (SCAVCs)

The Shared Cost AVC Scheme can help Local Government Pension Scheme (LGPS) members make savings on their additional voluntary contributions (AVCs).

Through this scheme, you receive income tax savings in addition to National Insurance contribution savings as the deductions are operated under a salary sacrifice arrangement.

Please note, this scheme is not available to elected members due to legislation contained within the Councillors Local Government Pension Scheme.

My Money Matters facilitate the administration of this benefit on our behalf. To participate in the scheme register or login to your employee benefits platform and click on the My Money Matters icon. Once you have registered with the My Money Matters platform you will have access to a salary sacrifice online calculator, live webinars and a dedicated customer service team on hand to assist you with any queries you may have.

As this is a salary sacrifice scheme please ensure you have read the terms and conditions and FAQs before signing up for this benefit to ensure this is the right option for you.