Increasing AVC deductions

Stef · Post by **Stef** » 28 Jun 2020, 18:53

Can anyone help me out by telling me how I go about increasing my AVC deductions. Thanks.

Post by **RobertT** » 28 Jun 2020, 18:57

Assuming you're in sections A, B or C of the RMPP and are paying into Flexiplan, just get in touch with the PSC in Sheffield. Contact details are on the RMPP website.

If you're in the RMDCP, see here.

Stef · Post by **Stef** » 28 Jun 2020, 19:06

Ye section C RMPP Flexiplan. Thanks for your speedy reply RobertT

Janet Brum · Post by **Janet Brum** » 28 Jun 2020, 19:31

Or you can download, fill and send that form, it`s what I did few years back: https://www.royalmailchat.co.uk/communi ... 36&t=96564" onclick="window.open(this.href);return false;

Jefferson Starfish · Post by **Jefferson Starfish** » 28 Jun 2020, 19:36

Janet Brum wrote:Or you can download, fill and send that form, it`s what I did few years back: https://www.royalmailchat.co.uk/communi ... 36&t=96564" onclick="window.open(this.href);return false;

As the OP is in the RMPP dont you think your link is confusing matters.

Janet Brum · Post by **Janet Brum** » 28 Jun 2020, 20:47

Apologies, I didn`t see that :)
I assume the avc forms are the same if it`s just an additional voluntary contribution ?

Post by **RobertT** » 29 Jun 2020, 04:34

Janet Brum wrote:Apologies, I didn`t see that :)
I assume the avc forms are the same if it`s just an additional voluntary contribution ?

Paying AVC's mean slightly different things depending on which scheme you're in.

If you're a member of the RMPP you can pay AVC's into Bonusplan and/or Flexiplan, which are designed to fund the tax free lump sum when taking your main scheme benefits(although there are other options). Unless you're in section F(ex RMDCP) which is basically the same as a DC pension.

Personally when I've altered my RMPP AVC payments I've always just written to the PSC and asked to change my weekly payments from £x to £y. But there are forums you can use in the library section of the RMPP website: https://www.royalmailpensionplan.co.uk/ ... ts/library" onclick="window.open(this.href);return false;

If you're in the RMDCP, the AVC's you pay just go into the same pot as your regular contributions.

Although both the RMDCP and AVC's via the RMPP are administered by Scottish Widows, they are separate and different and have their own investment choices. Those choices and their fact sheets can be found here:

RMPP AVC's: https://digital.feprecisionplus.com/cor ... ory=2rmp62" onclick="window.open(this.href);return false;
RMDCP: https://digital.feprecisionplus.com/cor ... ory=6rmd79" onclick="window.open(this.href);return false;

Janet Brum · Post by **Janet Brum** » 29 Jun 2020, 10:04

Thank you Robert, so many options/plans/pensions etc, very confusing :(

mrcurve · Post by **mrcurve** » 29 Jun 2020, 10:22

be carful not to increase it so much that you fall out of the pse, you need to make sure your still earning above the minimum wage, currently £8.72

Stef · Post by **Stef** » 29 Jun 2020, 12:53

Thanks everyone for your help, cheers.

nilocmac7 · Post by **nilocmac7** » 06 Jan 2023, 17:15

mrcurve wrote: ↑
29 Jun 2020, 10:22
be carful not to increase it so much that you fall out of the pse, you need to make sure your still earning above the minimum wage, currently £8.72

If your contribution moves to the right hand side of the payslip does that mean you are paying too and have fallen out of pse ? This has happened on occassion to me.

Post by **RobertT** » 06 Jan 2023, 17:20

nilocmac7 wrote: ↑
06 Jan 2023, 17:15

mrcurve wrote: ↑
29 Jun 2020, 10:22
be carful not to increase it so much that you fall out of the pse, you need to make sure your still earning above the minimum wage, currently £8.72
If your contribution moves to the right hand side of the payslip does that mean you are paying too and have fallen out of pse ? This has happened on occassion to me.

Yes it does.
It has probably happened a lot recently due to the strikes, but you don't want it in the right hand column on a normal week.

Post by **milly** » 14 Feb 2023, 09:57

Please be aware that the amount you can shield from Tax and NI will reduce dramatically if we don't receive a payrise soon, as the minimum wage rises to £10.42 in the new Tax year.

renrag40 · Post by **renrag40** » 17 Apr 2023, 22:48

You really are desperate for people to vote for this negotiators agreement, aren't you Milly?

Post by **milly** » 18 Apr 2023, 07:44

renrag40 wrote: ↑
17 Apr 2023, 22:48
You really are desperate for people to vote for this negotiators agreement, aren't you Milly?

Are you desperate to lose more money?
The thing is people are sick of it all, thankfully my colleagues aren't all Wolfie Smith wannabes like the people that seem to populate this site.
Many people on here they would say no to any deal even if it was brilliant, as they would no doubt find something to object to.

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