Additional Voluntary Contributions

Invest in your future and watch it grow

What's an AVC?

An Additional Voluntary Contribution (AVC) is a tax-efficient way to fund for extra income when you retire. At retirement, you can use the money invested in an AVC to buy the additional pension benefits you want, subject to Revenue rules.

With an AVC you are investing in your future, to enhance your lifestyle and the financial security you enjoy in retirement.

Just some of the benefits of investing in an AVC include:

You get tax relief

Investing in an AVC allows you to save money for your future and get tax relief right now!

For example, if you pay income tax at 40%, for every €50 you invest in an AVC the actual cost to you is only €30!

This is because you will get €20 of your €50 investment back in tax relief.

You have the option to retire early

An AVC can help you bridge the gap on your pension benefits enabling you to retire early.

We are all living longer so why not spend those extra years on your own time.

You decide how much you invest

It’s your AVC so you can increase, decrease, stop or restart your AVC contributions at any time.

This means as life events occur your priorities may grow; so can your investment, ensuring financial security when you retire.

Once you are a member of your employer’s Superannuation Scheme than you will be eligible to join an AVC Plan. Contributions are subject to the maximum contribution limit set by Revenue, and the minimum contribution of €75 per month (or equivalent).

You choose what option suits best

When the time comes to retire, you choose what options suit you best, for example:

  • Tax-free lump sum
  • Approved Retirement Fund
  • Taxable cash
  • Annuity

We really recommended you meet with one of our retirement planning experts who will take you through the process, step by step, to help you maximise your options.

Note: Options are subject to Revenue requirements and, therefore, may not all be available to everybody.


Start your AVC today

The sooner you start, the more your investment will grow. Talk to one of our experts about AVCs for your future

Why choose Cornmarket?

We’ve been helping Irish public sector workers since 1972, and so our dedicated experts understand your needs. We can advise how much you need contribute to your AVC in order to have the retirement you want.

Warning: The value of your investment may go down as well as up.

Warning: This product may be affected by changes in currency exchange rates.

Warning: If you invest in this product you may lose some or all of the money you invest.

Warning: If you invest in this product you will not have any access to your money until you receive your Superannuation Benefits.