Start, stop or change AVCs
You must be a member of the Co-op Retirement Savings Plan (The Plan) to make additional voluntary contributions (AVCs). Please refer to the Member booklet for more information. This form is used to set up regular four weekly AVC payments, change your regular AVCs or stop paying regular AVCs.
If you would like to pay a one off lump sum contribution, you must contact the Co-op Pensions Department on 0330 606 1000, or email staffpensions@coop.co.uk.
Please note: The amount that you enter in the box below will be the regular AVC that will be deducted from your salary each four weekly pay period.
*Contributions will be taken via the same method as your main plan contributions either by NICE Pensions (salary sacrifice) or the traditional payroll deduction method (net pay), if you have asked for this or if your pay does not meet the minimum requirement for NICE Pensions. There is more information on this on the Plan website, Please note that NICE Pensions is referred to as 'Simple salary sacrifice' on the salary sacrifice calculator.
If you pay contributions by NICE Pensions (salary sacrifice), you confirm that you understand that this will change the amount of your pension payment and is therefore a change to your terms and conditions of employment. You can read more about NICE Pensions on the Plan website.
If you would like to change how you contribute your AVCs from NICE Pensions to the traditional payroll deduction method, please complete the Change how I pay my contributions form.
It is your responsibility to check that by making AVCs, this doesn't take you over the annual allowance limit. Details can be found in the Pension Tax Rules factsheet.
Your AVCs will automatically invested in the default investment option, the Lifetime Advantage Fund. Please visit the Plan website for full details. You can choose to change where your money is invested at any time by logging into Your online account.
Please note: The amount that you enter in the box below will be the new regular additional voluntary contribution that will be taken from your salary. This new regular additional voluntary contribution will be taken at the next available payroll date.
*Contributions will be taken via the same method as your main plan contributions either by NICE Pensions (salary sacrifice) or the traditional payroll deduction method (net pay), if you have asked for this or if your pay does not meet the minimum requirement for NICE Pensions. There is more information on this on the Plan website.
Your contribution(s) will be invested in your existing fund selections. If you'd like to make a change to your investments please log into Manage Your Account.
It is your responsibility to check that by making additional voluntary contributions, this doesn't take you over the annual allowance limit.
Please indicate below that you wish to stop your additional voluntary contributions to the Plan. This will be effective from the next available payroll run.
If you have any questions please contact the Plan helpline on 0345 026 8689.
You will need to complete all of the fields to submit the form.
Please complete an 'online signature' by entering your full name in the box below before submitting this form.
