additional voluntary contribution

additional voluntary contribution
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. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • 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

  • 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… …   Big dictionary of business and management

  • Additional Voluntary Contribution – AVC — An extra allocation of funds to a retirement savings account that is above the amount that an employer will provide a matching contribution for. Additional voluntary contributions are made at the discretion of the employee and go to an employer… …   Investment dictionary

  • 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

  • Charitable contribution deductions in the United States — Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170(c) of the Internal Revenue Code as contributions to or for the use of certain nonprofit enterprises. See 26 U.S.C. § 170(c).… …   Wikipedia

  • European Voluntary Service — What is a European Voluntary Service project An EVS project allows a young person to be a volunteer in another country for a specified period, normally between 2 12 months. The voluntary service activities can be, for example, in the field of… …   Wikipedia

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”