Post-Retirement Medical Fund
Post-Retirement Medical Fund
The Scheme’s Trust Deed and Rules allow members to make Additional Voluntary Contributions (AVCs) specifically to fund a Post-Retirement Medical Scheme. By setting aside extra savings during their working years, members can build a financial cushion to meet future healthcare needs, ensuring access to quality medical services in retirement without placing undue strain on their pension income.
Upon retirement, a member may transfer all accrued benefits from these AVCs to a recognised medical cover provider, up to a maximum of 10% of their total accrued benefits before commutation. This provision offers members a practical and proactive way to safeguard both their health and financial well-being in later life.
