Taking Additional Voluntary Contributions (AVCs).

There were two types of AVCs, each with different benefits.

If you paid Added Years AVCs they’re automatically included in your retirement quote.

If you paid Defined Contribution (DC) AVCs you’ll have a savings pot in the M&S AVC Scheme, which is invested with Legal & General. You’ll need to decide whether to

  • take these AVC savings in the Scheme as part or all of your tax-free cash lump sum
  • transfer them to another arrangement.

You can manage AVC savings with Legal & General through Manage Your Account, where you can find out what they’re currently worth and where they're invested, with the option to make changes if you want to.

If you’d like to know more about the investment funds currently available in the AVC Scheme, go to the Fund Factsheet.

If you’re over age 50 and want further guidance on your AVC options, you can book an appointment with Pension Wise by going to the MoneyHelper website or calling 0800 138 3944. Lines are open 8am to 8pm, Monday to Friday.