Question: are avc lump sums tax free?
Answer: If you take your AVC at the same time you take your main LGPS benefits, you can take up to 100% of your AVC plan as tax-free cash (as long as your total lump sums from the LGPS do not exceed 25% of the combined value of your benefits including your AVC plan, or 25% of the lifetime allowance (£257,500 for the year 2018/ ...