# Shared Cost Additional Voluntary Contributions

> A sourced UK public sector contract award published by Isle of Wight Council.

## Key facts

- Buyer: [Isle of Wight Council](/buyers/isle-of-wight-council/contract-awards)
- Supplier: [AVC Wise Ltd](/suppliers/avc-wise/public-sector-contract-awards)
- Award value: £37,500
- Tender value: £37,500
- Award date: 4 November 2022
- Published: 3 January 2023
- Contract start: 1 January 2023
- Contract end: 31 December 2027
- Stage: awarded
- Procurement category: services
- Notice ID: 7c8968d6-1ed5-44e1-ba7a-6888fcd380b8-602391
- OCID: ocds-b5fd17-7c248d98-42f0-40a3-aabe-64d1c5096b9b

## Description

This is a salary sacrifice scheme that saves NI and Apprenticeship levy for the Employer and NI and Tax for the Employee\. The initial term is from 01/01/2023 to 21/12/2025 with the option to extend for a further 2 years until 31/12/2027\. Additional information: The estimated value given depends on scheme take up and is estimated for the whole contract duration including any possible extension period\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/7c8968d6-1ed5-44e1-ba7a-6888fcd380b8-602391)