Additional Voluntary Contributions

 

An AVC is a tax efficient, optional payment you can make to enhance your retirement benefits and give you greater options at retirement. We all recognise the importance of providing a realistic income in retirement and by reviewing your pension contributions regularly you can identify if you are saving enough to fulfil your retirement goals.

If you want to boost your pension savings to provide a greater income in retirement an AVC (Additional Voluntary Contribution) could be the right thing for you which is an excellent opportunity to make tax efficient optional payments. An AVC aims to enhance your benefits at retirement.

AVC Benefits to you

  • Generous tax relief available
  • Maximise your potential tax-free lump sum
  • Provide a higher pension income when you retire
  • Make better financial provisions for your dependants
  • Have greater flexibility and control over your fund at retirement

Tax Efficiency

  • Tax relief -You can normally claim up to 49%* tax relief on your contributions to your AVC plan.
  • Tax-Free Growth: Under current legislation the money you contribute is allowed to grow tax-free.
  • Tax-Free lump sum: Part, or in some cases all, of your fund may be taken as a tax-free lump sum at retirement.

Call us for advise and quotations on
01 8406696 | 087 123 9724

 

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