nouna payment made by an individual into an independent pension fund to supplement an occupational pension scheme. The anticipated benefits from the two schemes together must be less than the maximum permitted under the rules laid down by the Inland Revenue.AbbreviationFSAVC
Related information about free-standing additional voluntary contribution:
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Acronym Finder: FSAVC stands for Free Standing Additional Voluntary Contribution (UK pension plan). This definition appears very rarely.
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Definition of free-standing additional voluntary contribution: nouna payment made by an individual into an independent pension fund to supplement an ...
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Aug 2, 2011 ... An AVC linked to a company scheme is subject to the rules of the main pension. ( See Free-standing additional voluntary contribution).