Retire early or with more money – new employee benefit

*This scheme is available for Strathclyde Pension Fund members.*

Are you looking to retire early, with more money or simply want to top up your pension fund? The new Shared Cost Additional Voluntary Contribution (AVC) scheme is now available to employees.

This new scheme is a tax efficient way to save for retirement and an opportunity to supplement your Local Government Pension Scheme (LGPS). You can build up an additional retirement fund and use this as a tax-free lump sum or retire early.

If you already pay AVCs this new scheme enables you to save National Insurance Contributions in addition to tax, meaning you will increase your take home pay compared to paying AVCs in the standard way.

A £100 contribution will only cost a basic rate taxpayer £65.88.

Read more about the new Shared Cost Additional Voluntary Contribution (AVC) scheme

You can also read our frequently asked questions

Webinar sessions

Our providers, AVC Wise are hosting webinar sessions to give you an opportunity to learn more about the Shared Cost AVC scheme and ask any questions you may have.

How to retire early and with more money
Wednesday 21 September
at 2.30pm and Friday 23 September at 12:30
Tuesday 20 September at 4pm (school support staff) and Thursday 22 September at 4pm (school support staff)

This 45-minute session will give you an insight into how Shared Cost AVCs can provide a unique savings opportunity that not only benefits you today, but also at the point of your retirement.

The LGPS and Shared Cost AVCs
Tuesday 27 September
at 10:30am and Thursday 29 September at 2.30pm
Tuesday 27 September at 4pm (school support staff) and Thursday 29 September at 4pm (school support staff)

Join AVC Wise for a detailed 60-minute session where they’ll discuss the LGPS, your investment options and the many benefits of Shared Cost AVCs

To book your place onto a webinar, please visit and register. Then, select the webinar you wish to attend and AVC Wise will confirm your place.

Please note, you cannot access the webinar via Internet Explorer. Please use another browser where possible – Google Chrome is the best browser to use to access the webinars.

Further information

If you have any questions, please email, call 01252 959 779 or visit to use the live chat service.

putting money in piggy bank