How To Boost Your Retirement Savings
WHAT IS AN AVC?
An AVC is an ADDITIONAL VOLUNTARY CONTRIBUTION which you may elect to contribute towards your Retirement Fund savings, over and above your current contribution towards the Retirement Fund.
TWO REASONS WHY YOU SHOULD CONTRIBUTE AN AVC TO MY RETIREMENT FUND?
An AVC is a tax efficient way of saving extra towards your retirement and will reduce the amount of tax you pay on a monthly basis*. In addition, the income and capital growth earned on your retirement investment is tax free.
AVC’s are a cost effective way of saving extra towards your retirement as administration costs are already included in your regular monthly contributions and therefore your full AVC will go towards your investment.
Contributing an AVC of R200 per month can boost your Retirement Savings by:
For more information contact GIB Financial Services.
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