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Whipsaw Glossary

Currently viewing the definition of: Debt Security
 
 
 A financial instrument that is used to raise finance on which interest is paid. 
 


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    • 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.