Additional Voluntary Contributions deadlines for active members
Are you looking to make a change to your regular additional voluntary contribution (AVC) payments in this tax year? Or, are you considering making a lump sum payment to your AVC? If so, then there are key deadlines you’ll need to know so you don’t miss out.
We must receive AVCs paid to the BTPS for the current 2017/18 tax year by 5 April 2018.
Further deadlines are:
- For AVCs to be taken out of February pay, any changes must be submitted through the BTPS Pensions Portal by the usual deadline of 9 February.
- For AVCs to be taken out of March pay, any changes must be submitted through the BTPS Pensions Portal between 10 and 25 February.
- Because of some important system changes we’re making that affect how employees make AVC requests, between 26 February and 7 March you will not be able to use the Pensions Portal to ask for AVC changes through payroll. AVC changes submitted from 8 March onwards will go into April’s payroll and will relate to the 2018/19 tax year.
- Don’t worry if you miss the above payroll deadlines. You can make AVC payments outside of payroll up until 4 April by sending a cheque or making a bank transfer. You can do this using Form B in the AVC guide (available from the BTPS Pensions Portal or the BTPS website).
If you have any questions contact us by calling 0800 731 1919.
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