AVC

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AVC

abbreviation for
(Banking & Finance) additional voluntary contribution: one of a series of supplementary payments made to a pension fund
References in periodicals archive ?
But should you wish to top up your pension benefits whilst in an occupational plan, you can do so by making payments into an Additional Voluntary Contributions (AVCs) scheme run by your employer or into a stakeholder.
For members of company pensions schemes to get extra tax relief, they need to make extra contributions to an Additional Voluntary Contribution plan.
2m of the bookmakers' Additional Voluntary Contribution Fund to ensure most Class 2-6 races will pay down to at least sixth place VVTHE programming of valuable series of Sunday races, such as the recently announced Veterans' Steeple Chase Series, again using the bookmakers' Additional Voluntary Contribution Fund VVLIFTING the restriction on the number of races that can be reopened on any one day
I AM due to retire in June, when I reach 65, and I have about pounds 10,000 in my company's Additional Voluntary Contribution pension scheme.
BETTER late than never, British racing will from next month start to benefit from the first chunk of the additional voluntary contribution (AVC) agreed between racing and the big four high street bookmakers last October.
A YOU may have bought Additional Voluntary Contributions alongside your company pension or arranged a freestanding additional voluntary contribution plan (FSAVC).
He said a significant amount of his current workload related to complaints about the sale of Additional Voluntary Contribution arrangements to teachers by Prudential Assurance.
This will involve, State Earnings Retirement Pension Schemes (Serps), Additional Voluntary Contribution schemes and Free Standing ones (AVCs/FSAVCs) and Retirement Annuity Contracts (RACs).
Alternatively, you can look outside the company and go to the provider of your choice for a stakeholder pension or a Free Standing Additional Voluntary Contribution (FSAVC) scheme.
However, neither side could make a commitment that the first year of the four-year agreement over the Additional Voluntary Contribution would not also be the last.
Additional Voluntary Contribution (AVC) - Personal pension contributions made by someone who is a member of an occupational scheme as a top-up to their occupational entitlement.
The one element missing from this year's announcement was news on the second year of the additional voluntary contribution, the four-year PS18m agreement forged between racing and the four major retail firms and announced last year.