You may be eligible even if you are retiring with full lump sum(i.e. 40 yrs) Revenue rules are slightly more favourable when calculating the amount that you can take taxfree; so check it out in good time before retirement.
E.g. you pay 5000 into AVC a week before you retire; AVC company takes about 500; you claim tax relief on 5000 and get about 2000 back a few weeks later- net gain of 1500 for you. AVC company will calculate the max AVC that you can make.
E.g. you pay 5000 into AVC a week before you retire; AVC company takes about 500; you claim tax relief on 5000 and get about 2000 back a few weeks later- net gain of 1500 for you. AVC company will calculate the max AVC that you can make.