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What if Councillors want to take AVCs as cash?

If you pay additional voluntary contributions (AVCs) via the Scheme you may elect to take up to 100% of the accumulated fund in your AVC account as a tax-free lump sum if you draw it at the same time as your Scheme pension benefits, provided when added to the Scheme lump sum it does not exceed 25% of the overall value of your Scheme benefits (including your AVC fund).

If you draw your AVC after your main Scheme benefits you will be restricted to tax-free cash of 25% of your fund value.