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AVCs

  • 1 AVC

    AVCs are additional voluntary contributions - extra payments made from your salary or other net relevant earnings to top up your company pension. You can pay AVCs into a scheme run by your company, known as an in-house AVC scheme, or into a free-standing (FSAVC) policy run by another company, or you can pay AVCs to buy extra years of service in a final-salary company pension scheme.

    English-French business dictionary > AVC

  • 2 drawdown

    FINANCE tirage m

    Until now, anyone wanting to take advantage of drawdown had first to make the costly transfer into a personal pension plan. The new rules aim to make this unnecessary by extending drawdown to occupational money purchase schemes... small, self-administered schemes... executive pension plans... additional voluntary contributions... and individual or free-standing AVCs.

    English-French business dictionary > drawdown

См. также в других словарях:

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