AVCs – purchase of additional pension

Last edited: Apr 23, 2026 Published: Apr 23, 2026

AVC contracts entered into on or after 1 April 2014

Guidance on the use of accumulated AVCs to provide additional pension under the Scheme where AVCs commenced on or after 1 April 2014.

DatedOperative dateDocument(s)Extant?
26 September 20232 October 2023Factor spreadsheet version 2023-04
Covering letter
Yes
17 June 201921 June 2019Factor spreadsheet version 9 (dated 20 December 2019)
Covering letter
Guidance
Yes – guidance only
14 April 201629 April 2016Guidance
Covering letter
No
August 2015N/AConsolidated working copyNo
28 March 20141 April 2014Guidance
Covering letter
Amendments – Nov 2014 (see section 2)
No

AVC contracts entered into prior to 1 April 2014

Guidance on the use of accumulated AVCs to provide additional pension under the Scheme where AVCs commenced prior to 1 April 2014.

DatedOperative dateDocument(s)Extant?
26 September 20232 October 2023Factor spreadsheet version 2023-04
Covering letter
Yes
17 June 201921 June 2019Factor spreadsheet version 9 dated 20 December 2019
Covering letter
Guidance
Yes – guidance only
14 April 201629 April 2016Guidance – updated version issued 7 June 2017
Covering letter
No
20 March 201221 March 2012Guidance
Covering letter
No

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