Please can anyone cast any light on this? I'm waiting to talk to someone from my company's pensions dept next week, but I'm going to be stewing about it all weekend because I just don't understand.
I have been informed by my company that I have been paying too much into my AVC account. Apparently my contributions have been bringing me to below national minimum wage, therefore I have to reduce them by quite a bit. How does this square with the information I read on every pensions advice website that you can pay in as much as you like up to your entire salary or £60,000 – whichever is lower? (I earn a lot less than £60,000, btw!)
The AVC account is not salary sacrifice, although the other (main) pension I have with the same company is.
Thanks, everyone.