NHS AVC vs SIPP

homestraight

Hi All

Does anyone have any views on this or any useful insight on NHS AVC?

As far as I can tell there's nothing particularly special/ worthwhile about either of the NHS AVC schemes in comparison to a SIPP? I could be completely wrong though! 

Anyone disagree or have any thoughts your like to share? 

Appreciate your input. 
Hs

dunstonh

The NHS AVC isnt great.  They say they have negotiated them commission-free but commission hasn't existed for over a decade on the retail market either.  This is because their product is so old, it pre-dates 2006. 

With the NHS, its usually a case of comparing the additional pension, ERRBO or added years  with the retail individual pensions (which may or may not be SIPPs) and ruling out the AVC which is the weakest option.

homestraight

Thanks @dunstonh
That chimes with what I had found. 
ERRBO has been considered but unlikely to go down that route. 
Point about actual sipp, vs sipp marketing name, noted

Nurse2047

Do you not save on tax when you pay into a NHS AVC via salary? 

Dazed_and_C0nfused

MFW2026 said:

Do you not save on tax when you pay into a NHS AVC via salary? 

If contributions are paid via the net pay method and not RAS then yes.  Assuming tax would have been due without the pension contributions being made.