Employee Pension Scheme Q. on % AVC

[DACMAN]

Hi,
I contribute to a company pension scheme - 10% of my salary PM with the company contributing another 6% - all 10% is contributed as an AVC. Now the company is in the process of changing the pension provider & the new Provider will only accept 4% of the 10% as an AVC - reason is that the revenue don't "like" such a large % to be AVC's... it seems to me that I should still be able to contribute all 10% as an AVC - can anyone confirm this?

Thanks

 

[Guest126]

It depends on the pension scheme trust deed and rules.

I presume that the new provider is interpreting them correctly?

 

[asdfg]

But surly you can contribute by way of AVC up to the max allowed by revenue

 

[Guest126]

Yes but some contributions may not be classified as AVC depending on scheme rules.