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Additional voluntary contributions (AVCs)
Additional voluntary contributions, or AVCs, are extra payments to increase your future benefits. You can also pay AVCs to provide life cover. All LGPS pension funds have an AVC arrangement. You can invest money through our AVC providers. AVCs are taken directly from your pay and attract tax relief.
Admission body
An admission body is an employer that chooses to take part in the LGPS under an admission agreement. Admission bodies tend to be employers like charities and contractors.
Annual compensation
This is where additional pension, additional membership, or a credited period has been awarded by your former employer.
Assumed pensionable pay
Assumed pensionable pay is a notional pay figure that means your pension is not affected if your pay is reduced when you’re away from work. Your pension will be based on assumed pensionable pay during:
- reserve forces leave
- relevant child related leave
- a reduction in pay because of sickness or injury.
See the section I’m having some time off work for more information on how this works.
If you retire due to your ill health, assumed pensionable pay is used to work out any enhancement to your pension.
If you die in service, the lump sum death grant is based on assumed pensionable pay. Any enhancement to the survivor benefits paid after your death will also be based on assumed pensionable pay.
Automatic enrolment date
Your automatic enrolment date is the earlier of the:
- day you reach age 22 – if you’re earning more than £10,000 a year
- beginning of the pay period in which you first earn more than £10,000 a year – if you’re over age 22 and under State Pension age.
Automatic enrolment will only affect you if you’re employed by an LGPS scheme employer, but you’re not paying into the LGPS. See the section on Automatic enrolment for more information.
