Additional Voluntary Contributions (AVC)

Overview

AVCs allow you to make additional contributions to your workplace pension scheme beyond the mandatory employer contributions. This is an excellent way to boost your retirement savings and increase your pension income.

Key Aspects

Flexible Contributions

Contribute as much as you wish, up to annual limits set by Revenue.

Tax Relief

Receive tax relief on all contributions at your marginal rate.

Investment Control

Choose how your contributions are invested from available fund options.

Portability

Your AVC can move with you between employers. No penalties for transferring.

Tax Benefits

Immediate Tax Relief

Get tax relief at source on all AVC contributions.

Tax-Free Growth

Investment growth within the AVC is tax-free.

Tax-Free Lump Sum

At retirement, take up to 25% as a tax-free lump sum.

Important Information

Regulated by the Central Bank of Ireland. All policies comply with Irish insurance regulations and consumer protection requirements.

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