A new tax year, a new you

EA in partnership with My Money Matters recently launched a Shared Cost Additional Voluntary Contribution (SC AVC) employee benefit scheme to all EA NILGOSC pension scheme members. 

The new tax year is the perfect time to set financial goals and take advantage of tax-saving opportunities.

If you’ve been considering a Shared Cost AVC scheme, there’s no better time to start your plan than right now.

• More time to build your savings: The earlier you start, the more you can contribute across the tax year, taking advantage of compound growth.
• Maximise tax savings from day one: A Shared Cost AVC scheme is exempt from Income Tax and National Insurance contributions, meaning a £50 contribution only costs a basic rate taxpayer £36.08.*

Join My Money Matters for an insightful webinar about how you can make smart tax savings with a Shared Cost AVC plan.

A new tax year, a new you (45 mins)

1st May 2025 at 10:30am

7th May 2025 at 12.30pm

12th May 2025 at 2.30pm

Don’t miss your chance to start the new tax year on the right foot. Reserve your spot today and discover how Shared Cost AVCs could help you build your pension pot and plan ahead for a more comfortable retirement.

*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.

You should consider your affordability before making your Shared Cost AVC plan. Please speak to an independent financial adviser if you require financial advice. Shared Cost AVCs are available to active LGPS members only. You will need to consider what investment product is suitable for you.

A Pension is a long-term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

Tax treatment is based on individual circumstances and may be subject to change in the future.

Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of and reliefs from taxation are subject to change.