not on facebook
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (UPDATED 2017)... HERE

ANNOUNCEMENT : NEW CORONAVIRUS FORUM... HERE



Increasing AVC deductions

28 Jun 2020, 18:53

Can anyone help me out by telling me how I go about increasing my AVC deductions. Thanks.

Increasing AVC deductions

28 Jun 2020, 18:57

Assuming you're in sections A, B or C of the RMPP and are paying into Flexiplan, just get in touch with the PSC in Sheffield. Contact details are on the RMPP website.

If you're in the RMDCP, see here.

Increasing AVC deductions

28 Jun 2020, 19:06

Ye section C RMPP Flexiplan. Thanks for your speedy reply RobertT

Increasing AVC deductions

28 Jun 2020, 19:31

Or you can download, fill and send that form, it`s what I did few years back: https://www.royalmailchat.co.uk/communi ... 36&t=96564

Increasing AVC deductions

28 Jun 2020, 19:36

Janet Brum wrote:Or you can download, fill and send that form, it`s what I did few years back: https://www.royalmailchat.co.uk/communi ... 36&t=96564

As the OP is in the RMPP dont you think your link is confusing matters.

Increasing AVC deductions

28 Jun 2020, 20:47

Apologies, I didn`t see that :)
I assume the avc forms are the same if it`s just an additional voluntary contribution ?

Increasing AVC deductions

29 Jun 2020, 04:34

Janet Brum wrote:Apologies, I didn`t see that :)
I assume the avc forms are the same if it`s just an additional voluntary contribution ?

Paying AVC's mean slightly different things depending on which scheme you're in.

If you're a member of the RMPP you can pay AVC's into Bonusplan and/or Flexiplan, which are designed to fund the tax free lump sum when taking your main scheme benefits(although there are other options). Unless you're in section F(ex RMDCP) which is basically the same as a DC pension.

Personally when I've altered my RMPP AVC payments I've always just written to the PSC and asked to change my weekly payments from £x to £y. But there are forums you can use in the library section of the RMPP website: https://www.royalmailpensionplan.co.uk/ ... ts/library

If you're in the RMDCP, the AVC's you pay just go into the same pot as your regular contributions.

Although both the RMDCP and AVC's via the RMPP are administered by Scottish Widows, they are separate and different and have their own investment choices. Those choices and their fact sheets can be found here:

RMPP AVC's: https://digital.feprecisionplus.com/cor ... ory=2rmp62
RMDCP: https://digital.feprecisionplus.com/cor ... ory=6rmd79

Increasing AVC deductions

29 Jun 2020, 10:04

Thank you Robert, so many options/plans/pensions etc, very confusing :(

Increasing AVC deductions

29 Jun 2020, 10:22

be carful not to increase it so much that you fall out of the pse, you need to make sure your still earning above the minimum wage, currently £8.72

Increasing AVC deductions

29 Jun 2020, 12:53

Thanks everyone for your help, cheers.

Previous page Next page


Page 1 of 1