But Inland Revenue figures show the average personal contribution to personal pensions and additional voluntary contributions
(AVC's) for this age group is a paltry pounds 693 per year, including basic rate tax relief.
Pension scheme members are also worried the final salary and additional voluntary contributions
schemes will be closed and benefits for those retiring early will be reduced.
TWENTY years ago,I contributed to a pension scheme at work, and to the separate top-up Additional Voluntary Contributions
I have now joined the local government scheme and would like to know if it's worth participating in Additional Voluntary Contributions
5m per year, as well as the additional voluntary contributions
Increasing your savings through additional voluntary contributions
(AVCs) or Personal Pension Plans is a highly tax-efficient way of boosting retirement provision and it is worth seeking advice on maximising this opportunity to meet your goals.
3 million funded by voluntary contributors and the remainder made up by additional voluntary contributions
from the UAE, Germany and Austria.
Additional voluntary contributions
are expected from mainly three sources such as the UAE's bid implementation agreement, from Germany for the operation of the Irena Innovation and Technology Centre (IITC) in Bonn, and from Austria for the operation of the Irena Liaison Office (ILOV) in Vienna, the official said.
I also paid Additional Voluntary Contributions
into an Abbey National pension plan.
BBC, found that the fall occurred across a range of plans, including private pension and company direct contribution schemes, as well as additional voluntary contributions
made to final salary pots.
These extra payments are known as Additional Voluntary Contributions
Ask if your employer provides In-house Additional Voluntary Contributions