Half-way through the tax year

With less than 6 months left of the tax year, now’s the time to make the most of your tax-free allowances and boost your retirement savings.

Contributing to the Shared Cost Additional Contribution (Shared Cost AVC) scheme could help you use it before you lose it.

Thanks to the available Income Tax and National Insurance contribution savings, a £100 contribution will only cost a basic rate taxpayer £72.08!*

Every payday is a valuable opportunity to invest in your future, no matter how much time you have before you retire. And while everyone’s affordability is different, the Shared Cost AVC scheme allows you to begin contributing from as little as £2 per month. You can top up as and when it suits you, within limits.

What are you waiting for? It’s time to feel good about your financial wellbeing.

Join the Shared Cost AVC scheme today.

Still have questions? Join a live webinar hosted by My Money Matters, available for free and without registration for LGPS members. Just click here and pick a topic that interests you.

Any questions? Email support@my-money-matters.co.uk, call 01252 959 779 or visit the My Money Matters website to use the live chat service.

*Basic rate savings are displayed as a guide only. Basic rate assumes an individual paying 20% Income Tax and 8% National Insurance contributions. The actual savings will depend on your personal circumstances and investment fund performance, which is invested by your Shared Cost AVC provider. 

Shared Cost AVCs cannot be accessed until age 55, rising to age 57 is 2028.

Shared Cost AVC schemes are a pension product, and along with any other pension products you may have, they count towards your £60,000 annual tax-free allowance.

You should consider your affordability before amending your Shared Cost AVC plan.This is general information. You could lose money. Seek regulated advice.