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The Superannuation Arrangements of the University of London

 

 

Benefit Calculators ► AVC calculator

  
 

 

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Prior to 1 April 2012 members could pay AVCs of up to 10% of Salary (on top of normal contributions) to buy extra Pensionable Service in SAUL.

If you had a monthly AVC contract to buy extra Pensionable Service in place at 1 April 2012 , your contract can be continued, reduced or stopped but not increased.

If you wish to reduce your current contract, the AVC calculator provides an estimate of how much additional Pensionable Service can be purchased by paying a percentage of Pensionable Salary each month until either age 60 or 65.

AVCs are deducted from pay before your tax is calculated so you will pay less tax. You’ll also build up additional Pensionable Service which will give you a higher pension which will be based on your final Pensionable Salary.

If you would like to reduce your AVC contract to buy extra Pensionable Service please speak to your employer’s Pensions Officer for more information about how to apply.

If you have any comments that may help us improve on this service, please use the feedback form to give us your views.

This program requires Macromedia Flash version 9 or later to function correctly.

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If you would like to pay a lump-sum AVC please visit the AVC section of our website or speak to your employer’s Pensions Officer.

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