Additional voluntary contribution-an extra pension contribution that you make as a member of occupational pension scheme.
This stands for Additional Voluntary Contributions. As a member of an Occupational Pensions Scheme these are payments made above the normal level of contribution to gain additional pension benefits. Back to the Top
Additional Voluntary Contributions - the contributions you pay as a member of an Occupational Pension Scheme, to that scheme, over and above the normal contribution level in order to purchase additional retirement benefits.
Additional Voluntary Contribution. An additional contribution made By a pension scheme member to his pension plan to help boost the final payout.
See Additional Voluntary Contributions
ADDITIONAL VOLUNTARY CONTRIBUTION. A contribution to a pension plan by a member beyond any amount that the member is required to contribute by the terms of the pension plan that does not give rise to an obligation on the employer to make additional contributions.
Additional Voluntary Contribution to a Pension Scheme - must comply with strict limits.
Additional voluntary contribution. This is an extra amount ( contribution ) a member can pay to their own pension scheme to increase the future pension benefits.
Additional Voluntary Contribution. Also called an optional contribution, this is any extra money paid into the pension scheme by the employee in order to gain additional benefits at retirement. The employer does not normally match these contributions.