Joining the AVC plan

If you are a member of the Local Government Pension Scheme you can top up your pension by making Additional Voluntary Contributions. This plan may not be suitable for all employees, particularly where small amounts of pension savings might affect entitlement to means tested State benefits.

If you transfer benefits from another pension scheme, there is no guarantee that what you will get back from the AVC plan will be higher. You may get back less. You may also be giving up certain rights in your other pension scheme that you will not have with the AVC plan. For more information on this please read your joining pack.

Laws and tax rules may change in the future. The information here is based on our understanding in April 2014. Your personal circumstances also have an impact on tax treatment.

What do you have to do?

1. Make sure you read all the important information

To help you make an informed decision the important information you need to read is in the important documents section on this page. These documents, along with this website, will help you understand The Lothian Pension Fund AVC Scheme.

Make sure you read the Key features document (PDF, 288KB) - this gives you information on the main features, benefits and risks of The Lothian Pension Fund AVC Scheme. If you need help making any decisions about The Lothian Pension Fund AVC Scheme, you should seek financial advice.

If you decide to apply, you can download and complete the Standard Life AVC form, which can be found on the Lothian Pension Fund site.


2. Decide how much to pay

It's up to you how much you pay in as long as you meet any minimum payment levels set by Standard Life.

Paying a small amount more now could have a big impact on your future. Remember, you’ll get tax benefits on any payments you make.

Find out more about your payment options


3. Choose where you want your money to be invested

When you become a member of the AVC plan, you’ll have a number of investment options to choose from.

The Trustees have recommended some options too – these will be described in the information you received about your pension.

Where your money is invested is up to you. There are choices to suit your level of experience with investing and how involved you want to be with managing your investments.

Find out more about your investment options

Joining

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

This document explains the features of the pension product your employer has chosen.

Key features document (PDF, 288KB)

Read this member guide for more information about how pensions work and how you make payments.

Making the most of your pension  (PDF, 262KB)

Read this guide for more information on your investment options, including details about charges and fund codes.

How to choose the right investment options for your pension guide (PDF, 740KB)

This document gives you an illustration of what your pension could be worth. It may not take into account rebates that may apply to your AVC plan. You can find more info about charges and rebates on the charges page.

Key features illustration (PDF, 220KB)

Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.

Information about tax relief, limits and your pension (PDF, 190KB)

There are important differences between with profits and other types of investment. If you’re thinking of investing in with profits read the guide.

Guide to your with profits investments for pensions (PDF, 175KB)