Additional Voluntary Contributions (AVC's)
Additional Voluntary Contributions are a tax efficient means by which a member of an occupational pension scheme can increase or top up their existing employer’s occupational pension scheme benefits, within Revenue limits at their own expense.
An individual can take out an AVC if he or she is
- Currently an employee, and
- A member of their employers occupational pension scheme for retirement or death in service benefits.
At retirement, AVC’s can be used as part of a Tax Free lump sum, to access an ARF, purchase an annuity.
Safe Life and Pensions Ltd
Registered in Ireland, Registration Number 508071
Address 9 Firgrove Park,
Bishopstown Cork City
Safe Life and Pensions Ltd is regulated by the Central Bank of Ireland
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