Now that the Scheme is closed to future accrual, you can no longer pay Additional Voluntary Contributions (AVCs) into your Leonardo Electronics Pension Scheme account (although you can pay AVCs to FuturePlanner, if you are a member of that pension scheme).

Any existing AVCs will remain invested with Mobius Life, and you can view or manage them anytime by logging in to your account at MyPension.com.

Investment charges are levied on your AVCs each year, which relate to services such as investment advice, administration and asset management. They vary with the fund you select and apply as a percentage of the value invested in the fund. Details of the fund charges are in the AVC Guide.

Tax relief

There are limits on the amount of tax relief you’re allowed on your pension savings, both annually and over the course of your lifetime. Please see the Annual Allowance and Lifetime Allowance factsheets for more information on the current HMRC allowances.