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Whipsaw Glossary

Currently viewing the definition of: Additional Voluntary Contribution
 
 
 A member of an occupational pension scheme can choose to make extra payments to increase their pension at retirement known as an additional voluntary contribution (avc). These contributions are typically held within a low risk product such as a savings account. This additional pot forms part of the occupational pension scheme and is subject to the scheme rules. For independence and greater choice of investment funds, a free-standing additional voluntary contribution (fsavc), is an option.  
 


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    • Venture Capital
      Equity capital invested in small, unquoted businesses. Due to the high risk nature of the investment, the venture capitalist will be looking for a significant rate of return and a clear exit strategy in typically 3 – 5 years from investment.