Free Standing Additional Voluntary Contributions

Many financial institutions provide FSAVC schemes, and you are free to pay your AVC to a personal policy with a company of your choice.  For information about the benefits available, please contact the companies direct.

Contributions to free standing schemes cannot be deducted from your salary and do not attract tax relief at source.  Payments are usually made by direct debit, with tax relief claimed from HMRC.

We cannot advise you which type of AVC to choose and would warn that, while FSAVC will often provide extra flexibility, the charges levied may be higher than that for Standard Life AVC.  You may wish to contact an independent financial adviser.

Link to Scottish Government Website