AVCs

AVCs are special personal savings plans for retirement, and because Income Tax and PRSI relief is available at source through your salary, they are the most tax efficient way of enhancing your retirement benefits. AVCs are designed to set up a fund, which on retirement can be used to provide additional benefits for you or your spouse.

Your superannuation scheme will pay you a once-off, tax free lump sum and an annual pension in retirement, but....

Are Your Retirement Benefits Adequate?

• Will you have less than 40 years’ service at retirement (e.g. late entry, career break)?
• Are you paying the higher rate of PRSI (class A1)?
• Would you like to retire early?
• Would you like to provide additional death-inservice benefits for your dependents?
• Have you had unusual work patterns?

If you can answer “yes” to any of these questions, you should contact Marsh for professional advice on how an Additional Voluntary Contribution (AVC) Plan can improve your pension and lump sum benefits at retirement. When considering retirement benefits you should also consider Notional Service Purchase options. Both Plans aim to provide enhanced benefits at retirement.

Tax Efficient Savings

• All deductions are made directly from your salary
• Multiple funds available – from low to high risk
• View and manage your investment online

Marsh is Ireland’s leading Union-sponsored AVC provider. As the Marsh AVC Plan has been negotiated on a group basis, it offers far greater value than any similar product available in the open market.

• You can choose your own contribution rate and increase or decrease the rate if necessary.
• You may take a contribution holiday if circumstances dictate.

Marsh can provide you with your own personal AVC illustration free of charge.

More Information

Contact us to receive independent, expert advice on how an AVC Plan can improve your pension and lump sum benefits at retirement. Call today on freephone 1800 781 781.