Your AVC Scheme

Additional information and helpful guides

Your 2024 AVC Scheme Update

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

This page should assist you with any important factors regarding your AVC. If you can’t find the information you’re looking for, or if you would like to speak to one of our financial advisors, simply call (01) 420 6766.

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Reviewing your AVC

Flexible contributions: You can increase, decrease, stop or restart your AVC contributions at any time. This is subject to the maximum contribution limit set by Revenue and the minimum contribution of €75 per month (or equivalent). Any changes may take up to two calendar months to affect your payslip.

Tax relief: Your AVC contributions are eligible for tax relief. For example, if you pay income tax at 40%, for every €100 you invest in a AVC the actual cost to you is only €60.

Your AVC check-up: A great benefit of being a Cornmarket client is that you can avail of a Financial Planning appointment when you need it. This is the perfect opportunity to review your AVC and create a new financial plan with the help of an financial advisor.

MyCornmarket: Get secure & instant access to all your policy information 24/7. Go to

Fund Switching Information

If you wish to move your funds from one investment fund to another, you should send your instruction to relevant insurance company below.

Your instruction must specify and include:

  • Name of the fund(s) you wish to move to
  • AVC number
  • Name
  • Home address
  • Date of birth.

Please also state whether the instruction relates to your current value only, future contributions to the policy only or to both. If you wish to spread your investment over more than one fund, you must specify the percentage to be moved to each fund.

If you send your instruction by post your letter must be signed and dated.

Fund Performance

For details on the performance of the fund(s) that your AVC/ PRSA is invested in, simply click on the relevant insurance company below.

To find the fund(s) that you are invested in, please check your latest Benefit Statement.

Irish Life



Friends First fund performance details are not currently available online as the Aviva website is being developed to include them. You can instead register here to access your AVC details.

Investment Strategies

Looking to top up or restart your AVC?

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Are you nearing retirement?

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Planning for retirement

It’s important that we have your correct retirement date. This is because your AVC Investment Strategy can move some or all of the capital invested into safer funds as you approach your selected retirement date.

Your retirement date can be found on page 1 of your AVC Benefit Statement. You can update or confirm your retirement date by calling (01) 420 6766 or emailing

Please note: if you are not in an Investment Strategy your retirement date will have no effect on how your AVC is invested as you select your own funds.

How to draw down your AVC at retirement

When your retirement date is approaching, you can arrange a complimentary appointment with one of our dedicated Retirement Planning Advisors. They will guide you through the steps you need to take to draw down your AVC and what your options are. At retirement, you can use your AVC to buy the benefits you want; subject to Revenue rules. These can include taking a tax-free lump sum, investing in an Approved Retirement Fund (ARF), buying back ‘missed years of service’ and more. During your complimentary appointment, our financial advisor will help you get financially ready so you can focus on living your best life in retirement.

For your one-to-one with a Retirement Planning Financial Advisor, call (01) 416 0225.

Planning to retire early

Cost Neutral is an option that allows you to retire early with a reduction in your pension benefits.

The earlier you retire the greater the reduction in your employer pension and once-off lump sum. As a Public Sector employee, the earliest you can retire is generally 10 years before your normal retirement age.

Maximising your once-off lump sum: You are entitled to a once off tax-free lump sum of 1½ times salary if you retire at your normal retirement age and have more than 20 years of service. An AVC can help you reach the maximum tax-free amount Revenue will allow. If you retire under Cost Neutral Early Retirement, the amount that Revenue allows will reduce in line with your salary and service history.

You can find a link to the Cost Neutral Early Retirement Tables here.

Retirement Planning Service

Planning to retire soon? Meet with one of our retirement planning experts, who will take you through the process of settling your AVC, step-by-step.

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Talk to us

If you would like to speak to one of our experts or are looking to learn more

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