Pay more

You can pay in more – known as Additional Voluntary Contributions (AVCs) – to buy more benefits when you retire.

There are two different types of AVCs:

  • Money Purchase AVCs (MPAVCs)
  • Added Years

The AVC Guide explains all you need to know about the different types and about paying more. There are some risks with AVCs so please read the guide carefully before you make a decision.

There are some limits to how much you can pay into your pension every year. See the Tax allowances section to find out more.

Starting AVCs

What's the process?

Want an added years quote?

1Call or email UK Pensions Operations and give them your details

2They’ll send you relevant forms to complete
3Send in the forms
4You’ll receive your quote

Want to go ahead?

1Tell UK Pensions Operations

2The team provides the details to HR
3Deductions from your monthly salary start

Switching your investment funds

If you’re already making AVCs and want to switch your investment fund options you need to complete and return the switch form.

MPAVC unit prices

The unit prices change every month. This graph shows you the latest information.

Date entered UK Equity Deposit Global Equity Gilts Annuity Protected*
Oct 19 £14.025 £3.062 £3.558 £4.150 £14.025
Sep 19 £13.629 £3.060 £3.437 £4.145 £13.629
Aug 19 £14.203 £3.058 £3.559 £3.841 £14.203
Jul 19 £14.019 £3.056 £3.427 £3.865 £14.019
Jun 19 £13.745 £3.054 £3.310 £3.803 £13.745
May 19 £14.002 £3.052 £3.372 £3.636 £14.002
Apr 19 £13.410 £3.050 £3.171 £3.877 £13.410
Mar 19 £13.408 £3.048 £3.210 £3.581 £13.408
Feb 19 £12.708 £3.046 £3.048 £3.494 £12.708
Jan 19 £12.339 £3.045 £2.850 £3.575 £12.339
Dec 18 £12.883 £3.043 £3.068 £3.460 £12.883
Nov 18 £12.913 £3.041 £3.094 £3.508 £12.913
Oct 18 £13.871 £3.039 £3.291 £3.407 £13.871
Sep 18 £13.978 £3.037 £3.320 £3.511 £13.978
Aug 18 £14.002 £3.035 £3.254 £3.525 £14.002
Jul 18 £13.775 £3.034 £3.115 £3.474 £13.775
Jun 18 £14.099 £3.033 £3.154 £3.428 £14.099
May 18 £13.382 £3.031 £2.963 £3.359 £13.382
Apr 18 £12.580 £3.030 £2.868 £3.484 £12.580
Mar 18 £13.067 £3.029 £3.042 £3.413 £13.067
Feb 18 £13.630 £3.028 £3.095 £3.434 £13.630
Jan 18 £13.565 £3.026 £3.093 £3.497 £13.565
Dec 17 £13.230 £3.025 £3.040 £3.516 £13.230
Nov 17 £13.246 £3.024 £3.000 £3.392 £13.246
Oct 17 £12.950 £3.023 £2.890 £3.424 £12.950
Sep 17 £13.086 £3.023 £2.962 £3.532 £13.086
Aug 17 £13.034 £3.022 £2.929 £3.397 £13.034
Jul 17 £13.010 £3.021 £2.932 £3.528 £13.010
Jun 17 £13.137 £3.021 £2.867 £3.586 £13.137
May 17 £12.677 £3.020 £2.830 £3.553 £12.677
Apr 17 £12.647 £3.019 £2.845 £3.468 £12.647
Mar 17 £12.441 £3.019 £2.823 £3.465 £12.441
Feb 17 £12.200 £3.018 £2.731 £3.365 £12.200
Jan 17 £12.023 £3.025 £2.720 £3.358 £12.023
Dec 16 £11.655 £3.017 £2.625 £3.342 £11.655
Nov 16 £11.874 £3.016 £2.681 £3.592 £11.874
Oct 16 £11.714 £3.016 £2.541 £3.508 £11.714
Sep 16 £11.563 £3.015 £2.484 £3.536 £11.563
Aug 16 £11.237 £3.014 £2.452 £3.170 £11.237
Jul 16 £10.332 £3.013 £2.222 £3.065 £10.332
Jun 16 £10.597 £3.012 £2.120 £2.857 £10.597
May 16 £10.515 £3.011 £2.168 £2.796 £10.515
Apr 16 £10.239 £3.009 £2.138 £2.855 £10.239
Mar 16 £10.029 £3.008 £2.060 £2.802 £10.029
Feb 16 £9.773 £3.007 £1.965 £2.807 £9.773
Jan 16 £10.419 £3.006 £2.066 £2.725 £10.419
Dec 15 £10.479 £3.004 £2.079 £2.757 £10.479
Nov 15 £10.561 £3.003 £2.054 £2.770 £10.561
Oct 15 £9.862 £3.002 £1.933 £2.814 £9.862
Sep 15 £9.724 £3.000 £1.855 £2.870 £9.724
Aug 15 £10.701 £2.999 £2.073 £2.769 £10.701
Jul 15 £11.080 £2.998 £2.095 £2.661 £11.080
Jun 15 £11.323 £2.997 £2.155 £2.749 £11.323
May 15 £11.275 £2.995 £2.195 £2.844 £11.275
Apr 15 £11.104 £2.994 £2.159 £2.870 £11.104
Mar 15 £10.943 £2.993 £2.099 £2.725 £10.943
Feb 15 £10.700 £2.992 £2.083 £2.891 £10.700
Jan 15 £10.360 £2.991 £2.020 £2.690 £10.360
Dec 14 £10.479 £2.989 £2.025 £2.648 £10.479

The Annuity Protected fund is a lifestyle mix of UK Equity and Gilts