Buy up

You can improve your Scheme benefits by choosing to pay Buy Up contributions. This allows you to change your accrual rate in April each year.

Like paying AVCs, Buying Up is voluntary. Where the income from AVCs depends on how your investments perform, Buying Up gives you greater certainty to know how much more pension you will earn.

Buying Up is hassle free: Buy Up contributions are deducted directly from your pay and are paid for a whole year (unlike AVCs which can be changed more frequently).

Use the Buy Up Modeller below to see how much Buy Up contributions would cost and how much extra pension you could earn.

You can find out more in the Buy Up guide below.