How pension saving works

Saving into this pension is a simple, low cost and tax efficient way to save towards your future. 

• You can apply to make extra savings for your retirement.
• Your pension pot is invested in one or more of our investment funds.
• The aim of an investment fund is to grow the value of your pension pot but this isn’t always guaranteed.
• We invest your money responsibly and consider environmental, social and governance (ESG) factors in our investment process.
• You can decide what to do with your money based on the options available from the Avon Pension Fund AVC Scheme.

Are there any charges for your new plan?

There are some charges that you pay for your pension plan - the annual management charge (AMC) for administration of the pension and the fund management charge (FMC).

The AMC charge for your Avon Pension Fund AVC Scheme is 0.29%.

The FMC differs from fund to fund and is reflected in the value of the units of each fund, so it isn’t taken directly from your pension pot. Each fund has a factsheet that tells you the current FMC.