Saving more with AVC Extra
If you've already paid the maximum limit into BRASS, you could continue saving more with AVC Extra. Find out how.
Your AVC Extra contributions are paid into your Personal Retirement Account (PRA). This is an additional pot of money, held separately to your BRASS pot and your main DB pension with the Scheme.
Much like BRASS, your AVC Extra PRA is invested in a range of funds, with the aim of helping it grow over time.
You can choose to manage your own funds or have them managed for you. You can also check and change your fund choices at any time.
Depending on your age, you may not have to take your AVC Extra pot at the same time as you take your main Scheme DB pension. But you must take your AVC Extra pot by your 75th birthday.
Check the following pages for more information:
You can choose how much you want to pay into AVC Extra, but you should be mindful of tax limits.
Regular AVC Extra contributions are taken from your pay by your payroll department and, like your contributions to the Scheme and to BRASS, they benefit from tax relief.
You can also make one off payments into AVC Extra if you wish. This needs to be done through your employer.
You can change or stop your AVC Extra contributions if you wish. Check the managing my AVC Extra page to find out how.
You can join AVC Extra if:
If you meet the criteria above and want to join AVC Extra please speak to your employer.
AVC Extra is not available to Network Rail members. However, as a Network Rail member you can pay into BRASS. Find out more in the Read as You Need guide for Network Rail members of BRASS.
You may want to consider getting financial advice before you join BRASS or AVC Extra. Check the guidance and advice page for details.
For more information, please check the Read as You Need guide for AVC Extra members.