Additional Voluntary Contribution (AVC) is referred to as the extra contribution made outside the mandatory 18% employer (10%) and employee (8%) contributions into an individual’s Retirement Savings Account (RSA).

Please note that you do not need to open a separate pension account to make additional voluntary contributions.

It is accessible at any time and non-taxable if there are no withdrawals for a minimum period of 5 years.

The contribution must come through your payroll/employer.

Benefits of AVC

  • It helps you cultivate a savings culture.
  • It provides you with additional funds and financial strength at retirement.
  • It makes it possible for you to meet unexpected financial obligations.
  • It attracts the same investment returns as your statutory pension contributions
  • You can monitor your contributions via your statement of account.
  • You can remit any amount as long as you are comfortable with it.

Latest News

The new PFA will be responsible for managing pension assets of the entire Nigeria Police Force personnel according to the Pension Reform Act (PRA 2014).

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Current Unit Price

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