Improving Your Benefits

 

We offer two simple ways of topping up your benefits, and these are Additional Voluntary Contributions (AVC’s) or Additional Pension Contributions (APC’s).


Whichever method you choose, the extra contributions will come straight out of your pay. And because they all count as pension contributions, you get tax relief if you are a tax payer. But be aware you will have to pay the full cost yourself, as unlike your normal benefits, these extra benefits aren’t subsidised by your employer.

Member's Guide to increasing pension Benefits

PDF Document  Ways of Increasing Retirement Benefits (676KB) NEW May 2018

 

Additional Voluntary Contributions (AVCs)

 

AVCs are simply a form of investment to build up a separate pot of money, which you draw as a separate pension, and, if you like, at least some of its value as a tax free lump sum. Funds like us use outside AVC providers to run their in house AVC schemes, and we have chosen Standard Life and Scottish Widows.


For more information or to apply for an AVC please use one of the following links. Please note, Staffordshire County Council is not responsible for any content on external links.

Standard Life – Your Local Government AVC Plans

PDF Document Standard Life AVC application form (279KB)

Scottish Widows - Your Local Government AVC Plans

PDF Document Scottish Widows AVC application form (174KB)

When you have completed the application form for the provider of choice, please send it to Pension Services using the postal address below.

Pension Services, 2 Staffordshire Place, Tipping St, Stafford ST16 2DH

Alternatively, if you wish to submit the completed form electronically, please send it
as an email attachment to the following email address:

Pensions.enquiries@staffordshire.gov.uk

APC’s

Additional pension contributions (APCs for short) are a way of topping up your pension directly with us – you pay in a set amount, and that tops up your pension by a set amount. You can either use APCs to buy extra pension simply because you want to, or to catch up following a break where you haven't paid contributions, by buying lost pension. There is a maximum amount you can boost your pension by (currently £6,822, but will change each year). So there's quite a lot of scope.


For more information or to apply for an APC please use one of the following links


An online calculator is now available on the National LGPS 2014 website to show how much it would cost you to buy more pension.


PDF Document APC Application Form (54KB)


If you choose to pay APCs over an extended period of time (more than 12 months), you are required to provide a medical report at your own expense to Staffordshire Pension Fund before your APC contract can start.  You should download, print and complete page 1 of the form below and then arrange for your GP to complete page 2.


PDF Document  Medical Clearance form (58KB)


Once you have completed the Application form and, if required, Medical Clearance form, you should forward the forms and a copy of your quotation from the APC calculator to Staffordshire Pension Fund.