Additional Voluntary Contributions (AVCs)
Free Standing Additional Voluntary Contributions (FSAVCs)
This term is now redundant in its technical pre-April 2006 sense, although it is expected to continue as a marketing/descriptive term.
What you need to know post April 2006 if you have an existing AVC or FSAVC contract.
It will continue as a Money Purchase Arrangement, (possibly a Defined Benefit Arrangement in some “extra years” cases), and you can invest as much as you like, subject to the Annual and Lifetime Allowance rules.
Last updated on April 7, 2010