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ESPS Uniper AVC

Dunky62 Posts: 47 Forumite

12 October 2021 at 9:23PM in Pensions, annuities & retirement planning

Hi Folks

I am a higher rate taxpayer in the Electricity Supply Pension Scheme. Thanks to this forum , i am concentrating my efforts on taking advantage of the tax benefits of pension contributions. Having requested info about the A.V.C. Scheme ( Standard Life ) from the pension administrators RPMI, it seems that on retirement , I can take my whole AVC pot tax free , provided it is no more than 25% of the total value of my Pension Benefits plus Lump sum. Similar to the LGPS which my wife is a member of. Can anyone confirm that this is the case, as all i have is a letter stating my options from RPMI. There is no Scheme Brochure available and to be quite frank it was like 'pulling teeth' to get the info from RPMI. I will be delighted if it is the case, as I can Salary Sacrifice 9% of my pay ,so save 40% tax plus NI going in and then take it tax free on retirement!!

Thanks for reading

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