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Document If I am paying for my Additional Pension with monthly instalments, will the cost ever change?

Purchase by Additional Pension by instalments is subject to review based on advice from the Scheme Actuary, and following review the cost of future instalments of an existing arrangement could be changed.

If the cost of future instalments increases as a result of a review you will have the option to end your purchase. You would then be credited with the proportion of Additional Pension that you had paid for.

If the cost has decreased you do not need to take any action, as the reduction will be automatically applied by your employer.

 
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