AVCs (Additional Voluntary Contributions)

AVCs can help you save a little bit more for your pension. Whether you started late, or you have a bit of extra cash to put away, an AVC could help you increase your pension savings.

What is an AVC?

Additional Voluntary Contributions, or AVCs, are extra contributions you can make in addition to your existing company pension.

Product features

  • Growth - Grow your pension fund ahead of your retirement.
  • Smart - A more tax efficient way to save.
  • Flexible - Make additional contributions through your company's payroll, or privately.

Our Pension Calculators can help you decide how much you can afford to save.

Who is this product for?

This product is suitable for members of company pension schemes, who want to make additional contributions.

Tax efficient

You can claim tax relief against AVCs, subject to revenue limits. And your investment growth won't be taxed.

Making contributions

You can make contributions to your AVC through your employer, or by yourself. Making contributions through your employer is usually the most straightforward, since each contribution can be taken from your salary. If you make personal additional contributions you'll have to claim tax back from Revenue.

When you retire

When you retire, your AVC contributions need to be taken in the same way as the benefits from your company pension scheme.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these products you may lose some or all of the money you invest.

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