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Additional Voluntary Contribution - AVC

Invest in your future and watch it grow

What's an AVC?

An Additional Voluntary Contribution (AVC) is a tax-efficient way to fund 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 recommend 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.


How to start an AVC

There are 4 ways you can start your AVC

Call us on (01) 420 6779
Call us on (01) 420 6752
Apply online
Download form

Here’s why Adam started his AVC

Did you know?

Almost 90%* think you should start planning your finances for retirement in your 20s & 30s!

Understanding your AVC

This booklet 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.

AVC Member Guide

Information on tax relief, value for money, changing your contributions - and more

View Document

5 steps to settling your AVC

Time to retire? Here's how to settle your AVC.

View Document

Watch our videos to learn more

Frequently Asked Questions

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What our customers say...

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.

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Already have an AVC?

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.

*Source: Cornmarket Customer Survey, September 2020 (738 respondents).