Contribution options

Additional Voluntary Contributions (AVCs)

Under the terms of the Scheme, you may increase your benefits by paying Additional Voluntary Contributions (AVCs). Contributions are deducted from your pay before tax is calculated so you automatically receive tax relief at your highest rate, although some restrictions apply to high earners.

AVCs might be of particular interest to those members who joined the Scheme later in their working life, or who are considering the possibility of retiring early. You can start, increase, decrease or stop paying money purchase AVCs at any time*. Remember, the value of your investment can go down as well as up and may be worth less than what was paid in.

*Please be aware of how this may affect your annual allowance limit. For more information, please visit gov.uk.

Increase your payments regularly

A simple way of boosting your pension is to increase the amount you pay in each year through AVCs. So why not set an annual reminder in your diary to increase your payments? There may be restrictions, for example your annual allowance or tapered annual allowance, on when and how you can increase your payments, so check with the Pension Service Centre.

If you get a pay rise, this might be a good time to think about increasing your payments too. Regular increases can keep your payments manageable, in line with inflation and have a big impact on how much you could get back.

Increasing your AVCs by a small percentage each year could make a big difference. For example, if you start your payments at £150 a month and increase your payments by 5%, then the next year you pay £157.50 a month. Over time, this can add up.

Make a lump-sum payment

There are advantages to putting a one-off payment into your pension. For example, if you receive a bonus and pay it into your pension, you'll get tax benefits from the Government.

Check your pension’s progress

The pension calculator is a handy tool that helps you work out what your pension could be worth – and see if you're saving enough.

How much might you get? >

Useful guides

Investment Guide for the Royal Ordnance Pension Scheme (PDF, 610KB)

The Trustee has also provided you with this useful document. Standard Life Assurance Limited are not responsible for the content of this document.

Application to pay/amend AVCs (PDF, 217KB)

Do you need help?

Contact the Equiniti Pensions Service Centre

0800 917 9568

If calling from overseas: +44(0)121 415 0891.

Email: fulwood.pensions@equiniti.com

Get some guidance

Members over 50 can get free retirement guidance from the government’s Pension Wise service.

Visit Pension Wise >