Member and Employer contributions are based on a basic weekly pension contribution rate of 7% of the average basic Craft and Construction Operative wage rate, which may be higher or lower than your current earnings. This may not be sufficient to provide you with your desired level of income in retirement. By paying additional voluntary contributions (AVCs), you can top up your pension and increase the amount of cash that you can take at retirement. Paying AVCs is relatively simple, no additional charges are applied and tax relief is currently applied at your marginal rate of income tax.
You can use this projection tool to run different scenarios to show the impact of AVC contributions on your projected fund value, once you have submitted the details above you can click on the 'back' link to run a new scenario.