There are lots of great reasons to start an AVC:
• You can benefit from tax relief
• An additional pension for you in retirement
• An additional pension for your dependants if you die after retirement†
• Buying ‘missed years of service’ through the Purchase of Notional Service (PNS) Scheme*
• An option to buy employer benefits, e.g. repaying a marriage gratuity, paying an amount deducted from your gratuity or paying outstanding Spouses’ and Children’s Scheme contributions.*
*This option must be exercised prior to your retirement. †This benefit is not available to the Public Sector PRSA.
