Shared Cost AVC

Our AVC provider Prudential have now confirmed that they are able to offer Shared Cost AVC arrangements giving eligible staff the opportunity to make AVCs on a salary sacrifice basis.

Employers wishing to implement a SS SC AVC arrangement must agree to comply with Prudential’s terms of business, including the requirement that they must notify their Administering Authority of their intent to set up a SS SC AVC arrangement. This is to ensure that contributions are administered correctly and to ensure that the information we provide to members is correct and compliant. Click the link to get details of Prudential’s terms of business.

We do recommend that employers take specialist tax advice when setting up the arrangements in order that they meet all HMRC requirements. Any employer wishing to implement a SS SC AVC arrangement should email corporate.pension.enquiries@prudential.co.uk in the first instance.

If you have already expressed interest to Prudential about SS SCAVC’s they will contact you directly, however if you have not heard from them in the next couple of weeks please email the above to register your interest.