Hello, I'm Keith and happy to help you with your question.
How much is this redundancy package, please and of what elements does it consist? Is it redundancy pay of cash in lieu of notice for example?
Once I know this I can assist you further.
This is p[art of the settlement that I wanted paid into my pension as an AVC, but my ex employer forgot to do this before I left (unknown to me).
Subsequently, I asked for a pension estimate and noticed that my AVC fund was short by £30000.
Having now chased this up, the only resolution is for the business to now pay me a grossed up sum circa £48000 outside of the PAYE system
Your options regarding AVCs are, in any event, limited. Pension contributions, including your employer's, firstly may not exceed 100% of emoluments. Furthermore the maximum contribution level allowed in 14/15 tax year is 40K [in 13/14 it was 50K and unlimited save for the 100% rule in prior tax years]. Penalties for exceeding these limits are horrendous so you are well advised to check the position before investing further pension funds.
So sorry to have to rain on your parade.