Newsletter • Quarter 4 • 2023
Keep topping up your retirement savings instead!
What are additional voluntary contributions (AVCs)?
AVCs are contributions that you can make in addition to your normal contributions to increase your retirement savings.
Making additional voluntary contributions
AVCs have greater flexibility.
- You can allocate a portion of any salary increase or bonus.
- You can do this on a recurring basis or on a one-off lump sum basis.
- You can start and stop the facility based on affordability.
This flexibility allows you to adjust the amount and frequency of your contributions based on changes to your income or your expenses.
To make additional voluntary contributions simply complete the Additional Voluntary Contribution Form.
Did you know?
No administration charges are levied on AVCs and any contribution made is allocated in full to your retirement savings.
Assess your future needs
If you do not have a plan, how will you know where you are going? You build a house with a plan, you go on a trip with a plan – so why not have a financial plan to ensure that you retire comfortably? A financial plan becomes your compass, steering you towards your retirement goals.
Have a financial plan
- Know how much money you will need in retirement.
- Know whether you are on track to having enough money or how much extra you should be saving to get you to your retirement goals.
- Give yourself peace of mind, knowing that you have a plan and that you are on course towards a financially comfortable retirement.
It is never too early, but it could be too late, so start your financial planning today!
REMEMBER – Plan today to enjoy the retirement you deserve!