Frequently asked questions
What happens to my in-house AVC fund?
11:54, 03 Mar 2008The fund may be left with the AVC provider until it becomes payable upon retirement.
It may also be possible to transfer the fund to a new AVC provider or to a personal pension. Please ask your new provider.
Please note that the fund cannot be used to buy extra pension from the Local Government Pension Scheme. It is however, possible to take up to 100% of the AVC fund as a tax free lump sum depending on the relative values of your Local Government pension benefits and the AVC fund.
Contact the Pensions Office for more information when you are retiring, details of which can be found on the Contacting us page.
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