Sunday April 5, 2020

Pension options for PAYE workers

PAYE workers can make additional payments to their pensions and claim tax relief on it.

20th October, 2007

PAYE workers can make additional payments to their pensions and claim tax relief on it.

Additional voluntary contributions (AVCs) are extra contributions that can be paid, in addition to the normal pension contributions a person or their employer makes if they are members of an employer pension plan.

AVCs help to boost the value of a pension fund or can be used to contribute to a tax-free lump sum at retirement. As with standard pension...

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