Making your choices

If you would like to make or increase your AVC contributions please read the following carefully before completing your application. You can apply online through the Pensions Portal.

Please note:

• amounts must be in whole pounds;
• reductions will commence at the next available pay date; and
• AVCs can be increased at any time.

When completing the forms, you are asked to choose between an AVC fund invested with LGIM, Standard Life or Santander. You can pay your contributions to one or more of these funds.

Think it over carefully before you make any decision.

You can choose one or more of the AVC funds to invest in, and you can move your investments from one fund to another. For example, you may wish to consider moving your entire AVC fund to the Santander account when you are near retirement if you think the value is less likely to fluctuate. A limited number of switches can be made without any charge, but you will be advised if more frequent transfers will incur a charge.

If you wish to transfer some or all of your existing AVC funds to other funds within the AVC facility, or you can action this online through the Pensions Portal.

You may wish to keep your existing funds invested where they are, but direct future contributions to one or more different funds.

If you wish to direct future contributions to a different fund or funds you can action this online through the Pensions Portal.

You can stop paying AVCs at any time, subject to sufficient notice.

If you wish to stop paying AVCs, you can action this online through the Pensions Portal or by calling the administration team.