Salary Exchange (AE Plus)

The AA GPPP is already a tax efficient way to save for your future, but also available to you is AE Plus which makes this an even better arrangement, with further savings.

Without AE Plus your pension contributions are tax free at your basic rate, but under AE Plus those contributions will also be National Insurance free.

For example if you are a standard rate tax payer (i.e. 20%), you can save a further 12% on your pension contributions, by not paying National Insurance Contributions on them. Note: Higher rate taxpayers need to claim the higher rate tax relief via their tax return.

Full details are in the AE Plus Employee Guide (availble to download from the Library page), including common Questions and Answers. To join AE Plus, you do not need to do anything. We will opt you in to the AE Plus arrangement unless you tell us otherwise.

If you do not wish to take advantage of this opportunity, you will need to complete an Opt-out form below and send it to us. Full details are in the Employee Guide. Both the form and guide can be downloaded from the Library page.

If, however, you choose to opt-out at any time, and then subsequently wish to opt back in, please complete the opt-in. This is also availble to download from the Library page.

If you want further guidance on the investment options most suitable to your requirements you may need to seek independent financial advice from someone authorised to provide it under the Financial Services and Markets Act 2000. Contact details for Independent Financial Advisers (IFAs) in your area can be found at

The AA cannot take responsibility for any advice you receive or actions you may take as a result of contacting an IFA or costs incurred.