AVCs still have major role to play

Ward, Jeremy
October 2008
Corporate Adviser;Oct2008, p48
The article discusses the role of the additional voluntary contributions (AVCs) in Great Britain. It outlines various compelling reasons to use AVCs, despite the fact that it has never been an attractive option. It states that employees can now pay up to 100 percent of earnings in AVCs and receive full tax-relief on the payments, and people with significant savings, who object to buy an annuity with their AVC account, can purchase a drawdown product with their retirement pot.


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