Tax-Free Lump Sum

Additional Voluntary Contribution (AVC)
Additional voluntary contributions (AVCs) are contributions that employees can make at their discretion to increase the benefits available from their pension fund upon retirement. These contributions can go into an employer's scheme or a scheme of the employee's choice.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.