The Local Government Pension Scheme (LGPS) and Shared Cost Additional Voluntary Contributions (AVC Wise) using salary sacrifice.

AVC Wise - the fully compliant managed solution from PSTAX - makes it hassle free and easy for employers offering the LGPS to implement a Shared Cost Additional Voluntary Contribution (AVC Wise) facility through a salary sacrifice arrangement and to benefit from significant savings of National Insurance Contributions (NICs) as a result.

Our services

Through detailed understanding of the tax and pensions environment in the Public Sector, we strive to bring innovative and relevant services to all organisations offering the LGPS to employees.

Therefore, we have developed AVC Wise, which is our brand name for the AVC Wise facility and is a fully managed solution which incorporates the provision of a dedicated AVC Wise website. This includes an administration facility to fully manage employee applications and salary sacrifice data, removing the need for manual application processing by the employer.

The AVC Wise platform also integrates the AVC provider application processes, where appropriate, and creates the monthly salary sacrifice reports for payroll and payment schedule for the AVC provider.

The platform has been designed to effectively communicate the scheme to the workforce, is simple and easy to use for both the employee and employer, and includes a functionality to assist with the required compliance processes. Employees can simply access the secure AVC Wise website for full and up-to-date information and guidance about the scheme and application process.

If you require further information about our AVC Wise fully managed solution or you would like to talk to one of our specialist advisors, click here.


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