Pensions Glossary

Additional Voluntary Contributions
Available to members of an employer Occupational Pension Scheme, an Additional Voluntary Contribution (AVC) is an extra pension contribution you can make. These are sometimes called In-House AVCs. Some employers match AVCs made by their employees - you can easily check this with your employer.Even if your company pension doesn’t offer AVCs, youcan now have a Personal/StakeholderPension as well.

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