Shared Cost Additional Voluntary Contributions Scheme by Isle of Wight Council
Isle of Wight Council · Awarded contract
AwardedShared Cost Additional Voluntary Contributions Scheme by Isle of Wight Council
Awarded 01 Jan 2023
Awarded01 Jan 2023
Value£37,500.00
SupplierAVC Wise Ltd
AgencyIsle of Wight Council
RegionSouth East
CategoryFinance & Insurance
Expires in 1y 2mo5y term, 77% elapsed
Awarded 1 Jan 2023Expires 31 Dec 2027
About
Isle of Wight Council awarded a contract to AVC Wise Ltd for a shared cost additional voluntary contributions scheme, structured as a salary sacrifice arrangement that saves National Insurance and Apprenticeship Levy for the employer and National Insurance and Tax for the employee.
The initial term runs from 01/01/2023 to 21/12/2025, with an option to extend for a further two years until 31/12/2027.
The contract value is AUD 37,500.
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Other similar contracts12
Contract and supplierAwarded value
Provision of Salary Sacrifice Shared Cost AVC Scheme Service for Derbyshire County CouncilFinance & InsuranceAVC Wise Ltd
$390,000
Salary Sacrifice Shared Cost AVC Scheme Implementation and Administration for Kent County CouncilFinance & InsuranceAVC Wise Limited
$127,200
Extension of Shared Cost AVC Scheme with AVC Wise Limited by Hull City CouncilFinance & InsuranceAVC Wise Limited
$0
Provision of Salary Sacrifice Shared Cost AVC Scheme for Lincolnshire County CouncilFinance & InsuranceAVC Wise Limited
$250,000
Provision of Additional Voluntary Contributions Salary Sacrifice Scheme for Enfield CouncilFinance & InsuranceAVC Wise Ltd
$195,000
Salary Sacrifice Additional Voluntary Contributions Employee Benefit Scheme Awarded to AVC Wise LimitedFinance & InsuranceAVC Wise Limited (T/a My Money Matters
$25,000
Award of Shared Cost Additional Voluntary Pension Contribution Salary Sacrifice Scheme to AVC Wise LtdFinance & InsuranceAVC Wise Ltd (t/a My Money Matters)
$1,180,207
Salary Sacrifice Additional Voluntary Contributions Employee Benefit SchemeFinance & InsuranceAVC Wise Limited
$54,000
Provision of Shared Cost Salary Sacrifice AVC Scheme Administration Platform to Kirklees CouncilFinance & InsuranceAVC Wise Limited
$1
Award of Salary Sacrifice Shared Cost AVC Scheme to AVCWise by Kent County CouncilFinance & InsuranceAVC Wise Limited
$560,000
Provision of Shared Cost Additional Voluntary Contribution Scheme by AVC Wise Ltd to Luton CouncilFinance & InsuranceAVC Wise Ltd
$80,000
Salary Sacrifice Additional Voluntary Contributions Employee Benefit Scheme Awarded to AVC Wise LimitedFinance & InsuranceAVC Wise Limited
$0
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Shared Cost Additional Voluntary Contributions Scheme by Isle of Wight Council
Won by AVC Wise Ltd · Isle of Wight Council
£38Kawarded
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Isle of Wight Sensory Loss Support Services Contract – 1 Apr 2027 to 31 Mar 2030Public Services & Welfare · Closes 6 Nov 2026
Isle of Wight Approved Supplier List for Public Health Primary Care Services (NHS Health Checks & LARC) 2026–2031Health & Medical · Closes 31 Mar 2031
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Key requirementsFrom 12 documents
Who can bidRegistered commercial cleaners
Mandatory criteriaPolice checks for staff on site
How it is scoredPrice 40%, experience 35%, method 25%
Insurance£20M public liability
Key datesSite visit 14 Oct, closes 28 Oct
Est. value£1.2M – £1.8M
Most likely bidderFacilities firm
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