If I accept the voluntary redundancy with a date of leaving in 3 months time, can I pay anything now into the Scheme to increase my benefits?
You will not be able to make Additional Regular Contributions to the Scheme to purchase additional pension, as the minimum term permitted is one year. However, you may be able to make Additional Voluntary Contributions through our current AVC provider Prudential, provided that the contributions are made through your payroll and do not exceed 50 percent of your total taxable earnings for the year. You should contact Prudential directly at The Pension Connection on 0845 607 0077 should you wish to explore this option, or visit their website at www.pru.co.uk/localgov for further information.
Related Questions
- If an employee does not pay back adverse weather time within 12 months, can the time be reallocated to vacation (and be deducted) rather than docked from pay?
- I have been deferring my Austin Peay Perkins Loans for several months and more interest has accrued than I can afford to pay at one time. What can I do?
- Can I pay into a company pension scheme and a personal or stakeholder scheme at the same time?
