free-standing additional voluntary contribution

Definition

noun
a 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  
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
freephone free-standing building