Commentary

33.2 Additional voluntary contributions

BUSINESSES vol 4(2) start-up, sale and purchase

33.2 Additional voluntary contributions

33.2 Additional voluntary contributions

A director or employee who is a member of an occupational pension scheme may be able to top up the benefits arising from the scheme by paying into an Additional Voluntary Contribution (AVC) scheme arranged by the employer. Most AVC schemes are money purchase schemes so the AVCs are invested to build up a fund, usually with an insurance company. There is no obligation on an employer to offer an ‘in-house’ AVC scheme such as this but, where it is available, it can be cheaper for directors and employees to take advantage of it than to

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