Increasing Your Pension Benefits Oct 2018 | Página 2

Contents
Page
is based on the understanding, 1 Background at the date of printing, of current 2 Why Should I Consider Increasing
My Pension Benefits? 4
3 Are There Any Limits On How Much
I Can Contribute To Increase My
Pension Benefits? 4
4 What Choices Do I Have? 5
How much additional pension can I buy? 5
Do I get tax relief on the extra contributions? 5
will prevail as this How much do I have to pay? 5
booklet does not How long do I have to pay contributions? 6
confer any contractual What if I am absent? 6
What if I wish to stop paying or leave before I have
completed the contract? 6
What would happen if I were to die in service? 7
What if I choose to retire before Normal Pension Age? 7
What if I choose to retire after Normal Pension Age? 8
Will the contributions alter if I start to work part-time? 8
Will the payments stay the same throughout
the contract period? 8
Will my additional pension receive increases each
year like my scheme pension? 8
How can I get to know more about AVCs? 9
pensions and HM Revenue and
Customs taxation legislation, all
of which can change.
This booklet is
for general use
and cannot cover
every personal
circumstance.
In the event of
This guide cannot cover every
personal circumstance.
any dispute over
pension benefits, the
appropriate legislation
or statutory rights
and is provided for
information purposes
only.
3
The information in this booklet
What will I get at retirement? 10
www.sypensions.org.uk
Contents
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