UKAEA Pensions

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Additional contributions

You must pay both the normal and further contributions (add in link to new information about contributions) but you may choose to pay additional contributions to increase your retirement income above the normal amount provided by the United Kingdom Atomic Energy Authority pension scheme.

You can normally contribute up to 15% of your pensionable pay to the United Kingdom Atomic Energy Authority pension scheme or you can contribute up to 100% of your gross annual income to the Additional Voluntary Contribution (AVC) arrangement with the Prudential (but you will still be required to pay both the basic and further contributions (add in link to new information about contributions) tax relief will be given on your contributions paid from your gross taxable earnings in a year.

Additional contributions to either the CPS or AVC arrangement qualify for full tax relief in the same way as the normal contributions you are required to pay to the United Kingdom Atomic Energy Authority final salary pension scheme.

The main features of Added Years and the AVC Scheme are as follows:-