Additional Voluntary Contributions (AVCs)
Free Standing Additional Voluntary Contributions (FSAVCs)

This term is now redundant in its technical pre-April 2006 sense.

What you need to know post April 2006 if you have an existing AVC or FSAVC contract.

It will continue as a Money Purchase Arrangement, (possibly a Defined Benefit Arrangement in some “extra years” cases), and you can invest as much as you like, subject to the Annual and Lifetime Allowance rules.

If you have a policy of this type, begun before April 2006, bring it to us and we will be able to find out its current status and classification.

Last updated on April 06, 2011

Key Financial Strategies LLP is an appointed representative of Paradigm Financial Advisers Ltd, Paradigm House, Brooke Court, Wilmslow, Cheshire SK9 3ND, which is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/home.do).

The Financial Services Authority does not regulate national savings, deposit accounts, taxation and trust advice, education fees planning and some forms of offshore investment.

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