Additional voluntary contributions (AVCs)

Annual allowance

Amount of

Annual limit v


Changes proposed in Summer 2015 Budget

Charge and scheme pays facility

Flexible drawdown

High earners

Input periods

Money purchase

Annual limit for relief

Age-related personal tax allowance, effect on

Amount of

Annual allowance v

Basic rate tax

Doctors and dentists contracted to the NHS

Eligibility for

Excess contributions


Higher rate relief

Life assurance policies

Migrant member relief

Minor children, contributions on behalf of

Net pay arrangements

Non-working spouse, contributions on behalf of

Personal allowance, reinstating

Refund of excess contributions lump sum

Relevant UK earnings

Relevant UK individual

Relief at source, appropriate means

Relief on making a claim

Risk benefits

Self-employed practitioners

Waiver of contributions insurance

Charge and scheme pays facility


Effect on planning

Member's notification requirements

Multiple schemes

Obligation to offer

Rate of charge

Voluntary basis option

Defined benefit schemes

Closing value

Common fund

Opening value

In specie contributions

Asset-backed contributions

General rule

Permitted eligible shares

Input periods

Annual allowance charge

Disregarded input from 2011

First input period


Later input periods

Original rules



Pre-2011 disregarded input

Taking all benefits

Relief for