Employees who are members of occupational schemes may choose to increase their pension provision by making contributions to an AVC scheme. This can be linked to the main scheme or may be free-standing in order that the employee can use a provider of their choice rather than be limited to the provider selected by the trustees of the occupational scheme. Regulations were also introduced in April 2006 that permit employees to contribute to a personal pension at the same time as they are members of an occupational plan.
Posted in: Pensions
