AVC's

What is a Pension AVC ?
AVC stands for Additional Voluntary Contribution.
AVC's are typically made by individuals who already are members of a Pension scheme but choose to make an additional contribution into a Pension to increase their Projected Pension benefits.

Why bother with an AVC ? Reasons include :

To benefit from the tax and PRSI deduction available - which can reduce your cost by up to 49% = equivalent to a Government contribution of 88% on top of what you put in.

To increase your Projected Pension benefits.

Why choose an independent Pension provider ? Reasons include :

spreading your Pension funds so that you do not have all your eggs in one basket

building up an AVC scheme independent of an existing scheme at work

diversifying your Pension portfolio with not only a different fund manager but a wider range of funds

How much can you contribute ? It depends on :

your age ,

earnings and

how much you contribute into your existing scheme
If you provide us with information on the 3 issues above, we can advise on how much you can contribute

How do you progress this ?
Contact us for independent advice on what your options are and how much you can contribute to maximise your deduction for tax purposes.
We can guide you through the process, recommend a Pension provider and assist you in completing the necessary paperwork.

Some tips :
You can make a Pension AVC for 2009 and set it off against your Income for tax purposes and recover tax paid . The deadline for doing so is 31st October 2010.

Next step: Contact us today and let us guide you through the process