We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
AVC Wise and final salary pension
Options
cherry76
Posts: 1,084 Forumite
Will contributing to AVC Wise affect the way your final salary pension is calculated? Thanks
0
Comments
-
It sits alongside your main scheme benefits. See https://www.home.avcwise.co.uk/ for more info.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
-
A salary sacrifice will reduce earnings and therefore reduce pension benefits paid at retirement. I got this info from the web. Is it worth transferring%? Thanks.
0 -
Depends which pension scheme you are part of and assuming your have a pay related defined benefit pension. For example the NHS reduces benefits (as I understand it) while the LGPS does not.cherry76 said:A salary sacrifice will reduce earnings and therefore reduce pension benefits paid at retirement. I got this info from the web. Is it worth transferring%? Thanks.0 -
Thanks for replying I have it confirmed it does not with LGPS.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards