Meaning additional voluntary contributions
What does additional voluntary contributions mean? Here you find 4 meanings of the word additional voluntary contributions. You can also add a definition of additional voluntary contributions yourself
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additional voluntary contributionsDefinition AVCs. In addition to regularly made contributions, these are extra contributions paid by an employee into a pension plan. Employees tend to make additional contributions to save more money [..]
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additional voluntary contributionsPension contributions over and above the pension scheme member's normal contributions, which secure additional benefits for the member or his or her dependants.
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additional voluntary contributionsWhen you top-up an occupational pension, by making extra contributions into a scheme that’s run by your employer, you make an ‘additional voluntary contribution’.
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additional voluntary contributionsExtra contributions paid by a member of an occupational pension scheme to provide benefits in retirement, in addition to the main scheme benefits.
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