AVC Wise
Details
- Supplier(s)
- AVC Wise Ltd
- Value
- £90,000
- Duration
- 3 years
- Published
- 1 September 2022
- Source
- uk:procontracts
Tender description
Members of the Local Government Pension Scheme (LGPS) are allowed to make tax-free additional voluntary contributions (AVC’s). These contributions are also NI free via the AVC Wise salary sacrifice scheme through payroll. This means the Council also benefits from a reduction to employer NI contributions. The AVC scheme is administered by the Prudential and AVC Wise Ltd is a company that works in partnership with the Prudential and the Enfield Payroll Service. AVC Wise Ltd also runs pension seminars for members and potential members of LGPS, concentrating on AVC take up and highlighting the benefits of having a pension. AVC Wise Limited's Vendor number is 137541. Legal Services have reviewed the terms of the new contract. As an outcome of this scheme, based on current contributors the Council's employer NI bill will reduce by £156k per annum (£468k over the 3 year contract period). Exchequer also charges an admin fee to schools and academies which generates an income of £10k over the contract period. Keywords: Exception
Timeline
- Completed: Award published1 September 2022Current notice
- Completed: Award date4 September 2022
- Completed: Contract expiry date3 September 2025
About the buyer
London Borough of Enfield is the local authority for Enfield in north London, with a Procurement Services team in its Resources department providing commercial expertise across the council. Schools buy autonomously but must follow the council's procurement policies.
Over the past 5 years, most of London Borough of Enfield's contract awards have been in architectural and engineering services, business services and construction work.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@london-borough-of-enfield.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@london-borough-of-enfield.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@london-borough-of-enfield.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@london-borough-of-enfield.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@london-borough-of-enfield.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@london-borough-of-enfield.gov |
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