Additional Voluntary Contributions (AVCs)

Cornmarket is responsible for the design, marketing and administration of the Teachers Additional Voluntary Contribution (AVC) Scheme. The Scheme provides ASTI members with a way to make additional contributions towards their retirement benefits while cutting their tax bill now.

AVCs are a flexible way to save extra money for your life in retirement. You decide how much you pay and you can stop and start whenever you like. You’ll benefit from tax relief on the amount you pay.

Tax Relief
An AVC allows you to save money for your future and get tax relief right now.*
You can get up to 40% in tax relief if you're paying income tax at 40%. It's 20%, if you’re paying income tax at 20%. Here's how it works:

• €50 AVC contribution

• €20 tax relief at 40%

• €30 net cost - for a €50 investment!

*Revenue limits apply

Retire Early
The State Pension age is currently age 66 and it's increasing to age 67 in 2021, age 68 in 2028. If you'd like to retire earlier than that, an AVC could help you.

Flexible investment
You can stop, restart, increase or decrease your AVC contributions whenever you need to. AVCs are designed to be flexible for you so you can stay in control.

Future income
People are often surprised to hear that their Public Sector pension will only be half of their salary at retirement – that is at most! An AVC can fund extra income for your new life of freedom in retirement.

When to start?
The earlier you start saving for your future the better. Almost 50% of scheme members began their AVC at the age of 35 or younger.

*Source: Cornmarket 2019, based on starting ages of Cornmarket AVC Members who set up a regular premium AVC across seven of our AVC schemes in 2018.

To start an AVC today, call (01) 420 6794 or click here for more information.

Warning: The value of your investment may go down as well as up.
Warning: This product may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: If you invest in this product you will not have any access to your money until you receive your Superannuation Benefits.

Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. which is part of the Great-West Lifeco Group of companies.

Irish Life Assurance plc. is regulated by the Central Bank of Ireland.

AVC annual report
ASTI members who are members of the ASTI AVC (additional voluntary contributions) plan should note that, in accordance with pension scheme regulations, a copy of the latest annual report (January 2020) is available for examination by contacting the Honorary Treasurer, Pádraig Murphy, at ASTI Head Office, Tel: 01 604 0160, or email


This is not an ASTI Scheme. The ASTI advises all members to seek full details on any financial scheme they may be considering.