Retirement Planning - Free-Standing Additional Voluntary Contributions (FSAVCs)

The FSAVC is similar to the money purchase AVC, although it is not possible to have and FSAVC on an "added years"basis.

The main difference between an ordinary AVC and an FSAVC is that the employee's contributions are made to a scheme that is run independently of the employer i.e. by an independent provider.

The employee may choose the insurance company and the type of funds they want their contributions investing.

Click Here to go to the Free Standing AVC Calculator which calculates the maximum premium allowable.