An Additional Voluntary Contribution (AVC) is a way to boost your income in retirement.
At retirement you can use the money you’ve invested to buy additional pension benefits* such as:
If you pay income tax at 40% and contribute €100 to your AVC, then the real cost to you is only €60; because you don’t have to pay income tax on the money you invest
With compound interest, the earlier you start to save the better off you will be
The additional income from an AVC can help you fund for an early retirement
You select how much you contribute to your AVC, subject to the minimum of €12.50 per week and a maximum dependent upon your age and salary.
You can start, stop or pause your AVC contributions whenever you like!
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.
*Subject to Revenue rules. **This must be completed prior to retirement.
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.