Business terms and jargon explained. Your business dictionary

What is AVC

Stands for "Additional Voluntary Contributions" This is contributions you pay as a member of an Occupational Pension Scheme above and over the normal contribution level. This will give additional amounts and benefits when you retirement. There may be a limited to the amount you can contribute above the normal level.

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Term created / updated 2006-03-23 10:25:32

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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