- additional voluntary contribution
- = AVCAdditional pension-scheme contributions that employees can make, at their discretion, in order to increase the benefits available from their pension fund on retirement. Additional voluntary contributions can be paid into an employers' scheme or to a scheme of the employee's choice (a free-standing AVC).
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additional voluntary contribution — (AVC) A contribution paid by a member of a pension scheme to secure additional benefits. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
additional voluntary contribution — AVC Additional pension scheme contributions that employees can make, at their discretion, in order to increase the benefits available from their pension fund on retirement. Additional voluntary contributions can be paid into an employers scheme… … Accounting dictionary
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free-standing additional voluntary contribution — /fri: ˌstændɪŋ əˌdɪʃ(ə)nəl ˌvɒlənt(ə)ri ˌkɒntrɪ bju:ʃ(ə)n/ noun a payment made by an individual into an independent pension fund to supplement an occupational pension scheme (the anticipated benefits from the two schemes together must be less… … Dictionary of banking and finance
contribution — money placed in an individual retirement account ( IRA), an employer sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account. Bloomberg… … Financial and business terms
Voluntary student unionism — (VSU) is a policy, notable in Australia, under which membership of – and payment of membership fees to – university student organisations is voluntary. Voluntary student unionism has been implemented in Australia and at the University of Auckland … Wikipedia
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AVC — Advanced Video Coding (Computing » General) ** Additional Voluntary Contribution (Governmental » US Government) * Automatic Volume Control (Community » Media) * Access Vector Cache (Computing » Security) * Asian Vital Components (Business »… … Abbreviations dictionary
AVC — additional voluntary contribution (AVC) A contribution paid by a member of a pension scheme to secure additional benefits. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary