Central Bank of Ireland AVC Plan

Invest in your future and watch it grow

What's an AVC?

On 1st April 2023 Cornmarket was selected by the Central Bank of Ireland as the new administrator of the Central Bank of Ireland Additional Voluntary Contribution (AVC) Plan. We are really looking forward to working closely with you and helping you with your financial planning to achieve your retirement goals.

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.  

Here’s why Adam started his AVC

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.

AVC Guides

AVC booklets containing information on tax relief, value for money, changing your contributions, benefits at retirement, how to draw down your AVC, how your AVC is invested - and more!

Start your AVC today

Call us, email us, or talk to us on web chat now!

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.

What our customers say...

Watch our videos to learn more

How to start an AVC

There are 2 ways you can start your AVC:

Call us on (01) 420 6752
Click here

Learn more about AVCs from our blog


The ABCs of AVCs

AVCs are something of a mystery to a lot of people. Rather than diving right in with a heap of information or a detailed FAQ,...

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Ask the Experts: The benefits of investing in an AVC

If you haven’t done too much research into them, Additional Voluntary Contributions (AVCs) can seem quite confusing. Essentia...

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Settling your AVC at retirement

At last, it’s time to look forward to enjoying your retirement! This booklet contains full information on the 5 steps to settling you AVC.

Start your AVC today

Call us, email us, or talk to us on web chat now!

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.

The Central Bank of Ireland AVC Plan is underwritten by Aviva Life & Pensions Ireland DAC. Aviva Life & Pensions Ireland Designated Activity Company, a private company limited by shares, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.