Definitions for "FSAVC"
Free Standing Additional Voluntary Contribution to a Pension Scheme - must comply with strict limits.
Free Standing Additional Voluntary Contribution - Non compulsory payments made by a member of an occupational pension scheme who wants to boost their retirement benefits but keep it separate from their occupational fund. Payments are made into a personal pension scheme.
Free Standing Additional Voluntary Contribution. A stand alone AVC operated outside the main pension scheme, and available to all active occupational pension scheme members, except controlling directors.