Benefits of an AVC include (subject to Revenue limits):
- Tax relief and PRSI relief on your contributions
- Possibility of retiring earlier than you originally planned
- Greater choice of financial benefits at retirement including:
- A tax free lump sum and/or
- A taxable lump sum and/or
- A pension for you and/or your spouse and/or
- A further investment in an Approved Retirement Fund (ARF)/ Approved Minimum Retirement Fund (AMRF) and/or
- Purchase of years under the Notional Service Purchase Scheme