The University of Lincoln provides 4 pension schemes. Please click on the links below to learn more:
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UOL pension schemes
Additional Voluntary Contributions
Additional Voluntary Contributions (AVC’s) are a way of building up a pot of money, in addition to your defined benefit pension. The money can be used to generate a pension income or to provide a lump sum at-retirement. It may be possible to receive part or all of these savings tax free at-retirement, depending on which pension scheme you are in.
The Tax Treatment of AVC’s
The table below shows the tax treatment applicable to each type of pension scheme. Click on your chosen pension scheme to increase your AVC pot and find out more.
Nomination forms are available from your pension website; please ensure yours is up to date.
Latest News
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10 years of auto enrolment.
This October has marked the 10th anniversary of auto enrolment. Jonathan Watts-Lay, Director, WEALTH at work, a leading financial wellbeing and retirement specialist, answers some key […]
31st October 2022
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Mini-budget commentary 2022.
Following the government shake-up in the wake of Liz Truss taking over the reigns as Prime Minister, the new Chancellor Kwasi Kwarteng has today delivered his first ‘mini’ budget.
23rd September 2022
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Half of young adults have reduced or stopped regular saving as a result of the cost of living crisis.
Young people hit hard, as they spend, on average, double on essentials like rent or bills than people aged over 51.
6th September 2022