AVCs can come to the rescue - but at a price

Accessing additional voluntary contributions in pension funds can be advantageous in certain circumstances, writes Liam D Ferguson.

24th February, 2013
A potential windfall -- but any AVCs to be accessed early must be clearly identified as such. Photo: Getty

The Finance Bill, which was published on February 13, implemented December's budget measures - and added a few new ones for good measure. One of the measures was a scheme allowing early access to 30 per cent of pension funds accumulated by additional voluntary contributions (AVCs) before retirement age.

Early access is allowed only to funds accumulated by AVCs. Controversially, the scheme excludes self-employed sole traders and unlimited partnerships, who can only contribute to personal pensions or...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago