And some of the lump sum of pounds 17,000 I got for the pension was additional voluntary contributions
which I paid in myself when there was a pensions holiday for a couple of years.
I make additional voluntary contributions
of pounds 125 per month, as well as being a member of my company pension scheme.
One of the first considerations is to make the most of the very generous tax relief on pension contributions either to a Personal Pension or as Additional Voluntary Contributions
into a company scheme.
If you haven't been in the scheme all your working life you should top up your pension by making Additional Voluntary Contributions
- AVCs for short - either into your firm's scheme or to another pensions provider.
The group's new report said allowing people to access additional voluntary contributions
now could result in a windfall for the Exchequer of EUR600million.
Goodyear Dunlop said the proposed new scheme would replace both the company's so-called Hybrid Scheme (which combines a normal final salary scheme with additional voluntary contributions
from members) and an existing "New Hire" DC scheme.
Top up your pension pot - pounds 739m could be spared by optimising contributions to personal or company pension schemes, or making Additional Voluntary Contributions
Q I'M due to retire in September 2010 but would like to work a little longer while drawing benefits from my company occupational pension scheme and my additional voluntary contributions
n Look to top up your pension pot: another pounds 613 million could be saved by optimising contributions to personal or company pension schemes, or by making Additional Voluntary Contributions
He had a lump sum from the additional voluntary contributions
he paid into his pension, and a redundancy package.
Most of the rest went either long-term savings - such as extra personal pensions, additional voluntary contributions
to company pensions and life policies - or straight into bank savings accounts.
Employees in occupational pension schemes - the ones run by your employer - can boost the amount of cash received on retirement by making additional voluntary contributions
each month known as AVCs.