Additional Voluntary Contributions

Save extra for your pension & pay less tax as you go

Call us on (01) 420 6779

What's an AVC?

An Additional Voluntary Contribution (AVC) Plan is a way to make additional contributions towards your retirement benefits. At retirement you can, subject to the relevant Revenue rules, use your AVC Investment Account to buy the retirement benefits you want. You must be a member of your employer’s Superannuation Scheme to be eligible to join the AVC Plan. AVCs are an investment for your future. They are a flexible way to save extra money for your life in retirement. You decide how much you pay and you can stop and start whenever you like. To make it even better, you’ll benefit from tax relief on the amount you pay so there's more money in your pocket when it comes to your retirement.

Tax relief

An AVC allows you to save money for your future and get tax relief right now!*

You can get up to 40% in tax relief if you're paying income tax at 40%! It's 20%, if you’re paying income tax at 20%.

Here's how it works :

€50 AVC contribution

-€20  tax relief at 40%

€30  net cost - for a €50 investment!

*Revenue limits apply

Retire early

The State Pension age is currently age 66.

If you'd like to retire earlier than that, an AVC could help you.

Flexible investment

You can stop, restart, increase or decrease your AVC contributions whenever you need to. AVCs are designed to be flexible for you so you can stay in control.

Future income

People are often surprised to hear that their Public Sector pension will only be half of their salary at retirement – that is at most!

An AVC can fund extra income for your new life of freedom in retirement.

When to start?

The earlier you start saving for your future the better. Almost 50% of our members began their AVC at the age of 35 or younger!*

*Source: Cornmarket 2019, based on starting ages of Cornmarket AVC Members who set up a regular premium AVC across seven of our AVC schemes in 2018.

Find out more

Talk to one of our experts about AVCs for your future

Why choose Cornmarket?

Public Sector pensions are our forté, we know them better than anyone else. We’ve been helping Irish public sector employees since 1972 and we're here to help you plan for your future.

Watch our videos to learn more

How to start an AVC

You can start an AVC with expert advice from a consultant over the phone and face-to-face or without advice by downloading and completing a No Advice AVC application form.

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AVC Member Guide

This contains full information on tax relief, value for money, changing your contributions, benefits at retirement, how to draw down your AVC - and more! For information on Funds and Strategies, please call us on (01) 420 6766.

Frequently Asked Questions

Start an AVC today

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.