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AVC Wise and final salary pension
cherry76
Posts: 1,112 Forumite
Will contributing to AVC Wise affect the way your final salary pension is calculated? Thanks
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Comments
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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
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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.
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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
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