Additional Voluntary Contributions

Business, Legal & Accounting Glossary

Definition: Additional Voluntary Contributions


Quick Summary of Additional Voluntary Contributions


Additional payments to a tax deferred savings account or an occupational pension scheme by an employee to boost a pension at retirement. ‘Free-Standing AVCs’ or ‘FSAVCs’ are essentially a private version of an AVC and can be used to top up contributions independently of the employer.



Synonyms For Additional Voluntary Contributions


AVC

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Additional Voluntary Contributions. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/additional-voluntary-contributions/ (accessed: December 03, 2020).
American Psychological Association (APA):
Additional Voluntary Contributions. PayrollHeaven.com. Retrieved December 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/additional-voluntary-contributions/

Definition Sources


Definitions for Additional Voluntary Contributions are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.