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Paying more

You can pay in more – known as Additional Voluntary Contributions (AVCs) – to buy more benefits when you retire.

There are two different types of AVCs:

Money Purchase AVCs (MPAVCs)

Added Years

The AVC Guide explains all you need to know about the different types and about paying more. There are some risks with AVCs so please read the guide carefully before you make a decision.

There are some limits to how much you can pay into your pension every year. See the Tax allowances section to find out more.

The process

Want an added years quote?+

  1. 1.

    Call or email UK Pensions Operations and give them your details.

  2. 2.

    They’ll send you relevant forms to complete.

  3. 3.

    Send in the forms.

  4. 4.

    You’ll receive your quote.

Want to go ahead and pay more?+

  1. 1.

    Tell UK Pensions Operations.

  2. 2.

    The team provides the details to HR.

  3. 3.

    Deductions from your monthly salary start.

Switching your investment funds

If you’re already making AVCs and want to switch your investment fund options, you need to complete and return the switch form.

MPAVC unit prices:

The unit prices change every month. This graph shows you the latest information.

Date Entered UK Equity Deposit Global Equity Gilts Annuity Protected*
Aug 15 £10.701 £2.999 £2.073 £2.769 £10.701
Sep 15 £9.724 £3.000 £1.855 £2.870 £9.724
Oct 15 £9.862 £3.002 £1.933 £2.814 £9.862
Nov 15 £10.561 £3.003 £2.054 £2.770 £10.561
Dec 15 £10.479 £3.004 £2.079 £2.757 £10.479
Jan 16 £10.419 £3.006 £2.066 £2.725 £10.419
Feb 16 £9.773 £3.007 £1.965 £2.807 £9.773
Mar 16 £10.029 £3.008 £2.060 £2.802 £10.029
Apr 16 £10.239 £3.009 £2.138 £2.855 £10.239
May 16 £10.515 £3.011 £2.168 £2.796 £10.515
Jun 16 £10.597 £3.012 £2.120 £2.857 £10.597
Jul 16 £10.332 £3.013 £2.222 £3.065 £10.332
Aug 16 £11.237 £3.014 £2.452 £3.170 £11.237
Sep 16 £11.563 £3.015 £2.484 £3.536 £11.563
Oct 16 £11.714 £3.016 £2.541 £3.508 £11.714
Nov 16 £11.874 £3.016 £2.681 £3.592 £11.874
Dec 16 £11.655 £3.017 £2.625 £3.342 £11.655
Jan 17 £12.023 £3.025 £2.720 £3.358 £12.023
Feb 17 £12.200 £3.018 £2.731 £3.365 £12.200
Mar 17 £12.441 £3.019 £2.823 £3.465 £12.441
Apr 17 £12.647 £3.019 £2.845 £3.468 £12.647
May 17 £12.677 £3.020 £2.830 £3.553 £12.677
Jun 17 £13.137 £3.021 £2.867 £3.586 £13.137
Jul 17 £13.010 £3.021 £2.932 £3.528 £13.010
Aug 17 £13.034 £3.022 £2.929 £3.397 £13.034
Sep 17 £13.086 £3.023 £2.962 £3.532 £13.086
Oct 17 £12.950 £3.023 £2.890 £3.424 £12.950
Nov 17 £13.246 £3.024 £3.000 £3.392 £13.246
Dec 17 £13.230 £3.025 £3.040 £3.516 £13.230
Jan 18 £13.565 £3.026 £3.093 £3.497 £13.565
Feb 18 £13.630 £3.028 £3.095 £3.434 £13.630
Mar 18 £13.067 £3.029 £3.042 £3.413 £13.067
Apr 18 £12.580 £3.030 £2.868 £3.484 £12.580
May 18 £13.382 £3.031 £2.963 £3.359 £13.382
Jun 18 £14.099 £3.033 £3.154 £3.428 £14.099
Jul 18 £13.775 £3.034 £3.115 £3.474 £13.775
Aug 18 £14.002 £3.035 £3.254 £3.525 £14.002
Sep 18 £13.978 £3.037 £3.320 £3.511 £13.978
Oct 18 £13.871 £3.039 £3.291 £3.407 £13.871
Nov 18 £12.913 £3.041 £3.094 £3.508 £12.913
Dec 18 £12.883 £3.043 £3.068 £3.460 £12.883
Jan 19 £12.339 £3.045 £2.850 £3.575 £12.339
Feb 19 £12.708 £3.046 £3.048 £3.494 £12.708
Mar 19 £13.408 £3.048 £3.210 £3.581 £13.408
Apr 19 £13.410 £3.050 £3.171 £3.877 £13.410
May 19 £14.002 £3.052 £3.372 £3.636 £14.002
Jun 19 £13.745 £3.054 £3.310 £3.803 £13.745
Jul 19 £14.019 £3.056 £3.427 £3.865 £14.019
Aug 19 £14.203 £3.058 £3.559 £3.841 £14.203
Sep 19 £13.629 £3.060 £3.437 £4.145 £13.629
Oct 19 £14.025 £3.062 £3.558 £4.150 £14.025
Nov 19 £14.158 £3.064 £3.505 £3.878 £14.158
Dec 19 £14.393 £3.066 £3.593 £3.761 £14.393
Jan 20 £14.975 £3.067 £3.691 £3.789 £14.975
Feb 20 £14.892 £3.069 £3.728 £3.958 £14.892
Mar 20 £13.905 £3.071 £3.549 £4.062 £13.905
Apr 20 £11.072 £3.071 £3.100 £3.830 £11.072
May 20 £11.308 £3.073 £3.272 £4.002 £11.308
Jun 20 £11.819 £3.073 £3.458 £4.161 £11.819
Jul 20 £12.194 £3.073 £3.625 £4.254 £12.194

* The Annuity Protected fund is a lifestyle mix of UK Equity and Gilts

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