About AVCs
The Additional Voluntary Contribution (AVC) arrangement is available to Active MembersA member of the BOC Pension Scheme or the Gist Scheme who is making contributions or having contributions made on his or her behalf through Salary Exchange. of the BOC Pension Scheme and the Gist Scheme. The arrangement is called AVC section because it is a section of the BOC Retirement Savings Plan.
AVCs are extra payments you can choose to make (or have made through Salary Exchange on your behalf) on top of your normal contributions in order to receive additional benefits on retirement.
How do AVCs work?
AVC section is a defined contribution (DC) arrangement which means that your retirement benefits will be determined by:
- the value of your AVC fund (built up by your contributions and any investment returns); and
- the cost of purchasing any pension at retirement.
Keeping you up-to-date
You will receive a benefit statement every six months detailing the progress of your AVC savings. Your statement will include:
- the value of your AVC fund;
- any contributions and transfer payment made since your last statement; and
- projections of what your AVC pension might be on reaching your Normal Retirement DateYour 65th birthday..
To start or to increase your AVCs
Download a 
Joining/Change of AVCs form or contact BOC Pension ServicesYou can contact us by writing to:
BOC Pension Services
The Priestley Centre
10 Priestley Road
The Surrey Research Park
Guildford
Surrey
GU2 7XY
On the Helpline:
0800 096 3214
(BOCTEL 750 4745)
Or by email: pensions.uk@boc.com for a copy. In Salary Exchange you can change your rate of AVCs every 1 April or following a significant change in lifestyle.
More information
For more information about how AVC section works download the Your Guide to AVC section or contact BOC Pension Services for a copy.
From 1 June 2009 contributions will be made through Salary Exchange unless you opt out.
Download the forms and documents relating to AVC section.