Specialised fund-managing institutions are expected to run the proposed saving investment fund, which will include employees' monthly deductions and the additional voluntary contributions
, to invest in an optimal way that ensures good financial returns for the employees.
A As the additional voluntary contributions
on your local government (or public sector) pension are in essence a top-up to a defined benefit scheme, there are no risk options as you are usually simply buying back more years.
I also paid Additional Voluntary Contributions
into an Abbey National pension plan.
QI AM just at the point of retiring and have received a quotation from my AVC (additional voluntary contributions
Top up your pension pot - pounds 726m could be spared by optimising contributions to personal or company pension schemes, or making Additional Voluntary Contributions
Alternatively, you could make additional voluntary contributions
, of which there are a number of different types As this is a complicated area, I would suggest you seek advice and guidance from a qualified financial adviser
n Failure to arrange a pension: up to pounds 613m of tax would be saved if we maximised contributions to personal or company pension schemes, or made Additional Voluntary Contributions
offered by employers.
I pay pounds 2,600 a year in Additional Voluntary Contributions
to a pension scheme, tot alling pounds 33,000 sofar.
"And some of the lump sum of pounds 17,000 I got for the pension was additional voluntary contributions
which I paid in myself when there was a pensions holiday for a couple of years."
I make additional voluntary contributions
of pounds 125 per month, as well as being a member of my company pension scheme.
Company pension scheme members have until April 5 to top up plans with "additional voluntary contributions
" or AVCs.