Do you want to make the future feel more predictable?

Teachers’ Additional Voluntary Contributions (Teachers’ AVCs) provide a different source of retirement funds which could help you achieve your retirement goals.  You could look at retiring early and use your Teachers’ AVC pot to live on until you are able to take your main teacher’s pension benefits without reduction.  You could also look at retiring early and using your Teachers’ AVC pot to supplement your reduced teachers’ pension income.  You could even think about retiring gradually by reducing your working hours or moving to a position with less responsibility using your Teachers’ AVC pot to supplement your reduced salary.   The choice is yours.  And even if you’re not retiring, you can normally access your Teachers’ AVC pot from normal minimum pension age (currently age 55).
Your Teachers’ AVC pot is invested in funds. As with any investment, the value can go down as well as up and you could get back less than you put in.

Tax savings - the more you contribute the more you save

The impact of taxation (and any tax savings) depends on your individual circumstances. Tax rules can also change in the future.

Teachers’ AVCs from Prudential are one of the options open to you to potentially increase your retirement benefits. The Teachers’ Pension Scheme also provides a number of other options for increasing your retirement benefits.

What’s next?

You can call Prudential’s Retirement Specialist Team on 0800 151 3637. Lines are open Monday to Friday, 9am to 6pm. They can’t give you advice, but they can talk to you about your individual circumstances and help answer any questions you may have about AVCs.
Alternatively, visit www.pru.co.uk/teachersavc (This link opens in a new window)