Association of Higher Civil and Public Servants


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(31 Jul 2013)


Dear Branch Secretary

If you are retiring over the coming months there is a special tax break under Revenue Rules that you might be able to take advantage of before you retire. This is known as a Last Minute AVC.

AHCPS Circular 28/2013 flagged the potential for members to take out AVCs.

Basically if your gratuity under the Superannuation Scheme is likely to be less than the maximum allowed under Revenue rules because you have:
• Received a reduction in salary over the last few years, even if you have full service (explanation enclosed) and/or
• Have short service and/or
• Have non-pensionable earnings

You might be able to avail of this option.

The benefits of investing in a Last Minute AVC include:
• Receiving a refund of tax on pension contributions
• Maximising your tax-free cash lump sum at retirement.

Please see attached a summary flyer from Cornmarket Group Financial Services Ltd. explaining how a Last Minute AVC works and illustrating examples of a tax rebate in the region of €5,000 – 13,000.

If you would like more information or advice on a Last Minute AVC, please email Garrett Flynn or Mark Solon at Cornmarket on or You can’t do a ‘Last Minute’ AVC after retirement so please ensure you get in touch in advance of retirement.

The Association will also consider holding retirement seminars for members on this issue in 2014.

Please circulate to all members.

Last Minute AVC.Flyer


Dave Thomas
General Secretary

© 2021 Association of Higher Civil and Public Servants

  • Fleming's Hall 12 Fleming's Place Dublin 4 
  • Phone: +353 1 6686077 / 6686064
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Association of Higher Civil and Public Servants