classic, classic plus, premium, nuvos and alpha members can opt to pay extra contributions to buy added pension.
From 1 September 2018 members of classic, classic plus, premium, nuvos and alpha are able to make AVCs through a new arrangement with Legal & General.
The AVC providers will produce a benefit statement for each member that includes a Statutory Money Purchase Illustration (SMPI).
Members of alpha are able to pay an additional contribution to buy an EPA portion of the pension. This portion can be paid (without any early payment reduction) before a member’s Normal Pension Age (NPA).