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Additional Voluntary Contributions

You can pay Additional Voluntary Contributions (AVCs) into an investment fund managed by an insurance company or building society and you can then use the fund to provide additional pension benefits. 



Prudential is approved to provide this service for members in the Bedfordshire Pension Fund.  You can contact Prudential on 0800 434 6629 for advice regarding AVCs or you can visit  Prudential's website now enables members to either start or increase their AVC online.



Early Exit Charges

In some cases Prudential apply exit charges for members who join the AVC scheme and withdraw their funds within three years. 

From 19 March 2017 Prudential have made some changes to their policy on early exit charges.

For members whose first contribution was received before 19 March 2017, the exit charge is capped at 1% for the first three years and after three years there is no exit charge.

For members whose first contribution is received on or after 19 March 2017, exit charges will not apply.  


Standard Life

For members who started paying AVCs before January 2010 and are paying AVCs to Standard Life, the existing arrangement with Standard Life is continuing. 

You can contact Standard Life on 0845 60 60 047.