- Get the most from your AVC
- Contribution options
- Your investment choices
- Documents and FAQ
Joining the AVC section
You can join the Additional Voluntary Contribution (AVC) section of the Centrica Savings Plan if you're currently a member of:
- The Centrica Pension Scheme
- The Centrica Retirement Income Section (CRIS)
You can join the AVC section of the Centrica Pension Plan Savings Section if you're currently a member of:
- The Centrica Pension Plan (formerly know as the Centrica Management Pension Scheme)
You can join the AVC section of the Centrica Engineers Savings Plan if you're currently a member of:
- The Centrica Engineers Retirement Income Section (CERIS)
- The Centrica Engineers Pension Scheme (CEPS)
If you're not in any of the above pension schemes, then you're not eligible to join.
If you're already a member of the Centrica Savings Plan, you can already make additional payments - you don't need to join the AVC section separately. For more information, see the Centrica Savings Plan website.
The Trustee will not accept a transfer of your benefits from another pension scheme.
Investments can go up and down and the amount returned may be less than the amount paid in.
Laws and tax rules may change in the future. The information here is based on our understanding in April 2022. Your own circumstances also have an impact on tax treatment.
What do you have to do?
1. Make sure you read all the important information
To help you make an informed decision the important information you need to read is in the important documents section on this page. These documents, along with this website, will help you understand the AVC section.
2. Decide how much to pay
It's up to you how much you pay in, and whether you make monthly or lump sum payments.
Paying a small amount more now could have a big impact on your future. Remember, you’ll get tax benefits on any payments you make up to the annual allowance.
3. Choose where you want your money to be invested
When you become a member of the AVC section, you’ll have a number of investment options to choose from.
Where your money is invested is up to you. There are choices to suit your level of experience with investing and how involved you want to be with managing your investments.
To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.
Read this guide for more information on the Additional Voluntary Contribution (AVC) section of the Centrica Savings Plan and the Centrica Pension Plan Savings Section.
Read this guide for more information on the Additional Voluntary Contribution (AVC) section of the Centrica Engineers Savings Plan.
Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.
Please access Mercer OneView via MyPension Hub (Workday - External Benefits) to nominate or update your beneficiaries online.
Read this guide if you are thinking about buying an annuity.
These documents have been provided by the Trustee of the Centrica Savings Plan - Standard Life is not responsible for the content.