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AVC's

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
boo634
Posts: 48
Joined: 25 Feb 2013, 17:49
Gender: Male
Location: West Midlands

AVC's

Post by boo634 »

Hi all noticed on my wage slip that AVC contributions have been moved to the deductions column meaning no tax relief does anyone know anything about this many thanks.
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RobertT
EX ROYAL MAIL
Posts: 6548
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: AVC's

Post by RobertT »

Someone else asked the same question a few days ago:
viewtopic.php?f=27&t=117173

It might be worth noting that you're only losing the benefit of PSE(salary sacrifice), which is based on National Insurance rates and is an 8p in the £ saving on all your pension contributions.

You will still be benefitting from tax relief which is based on Income Tax and is a 20p in the £ saving.
Links to all RM pension related websites are here
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