My brother is considering starting an AVC with his Local Authority scheme (details below)
With 2 years of service plus a further potential 25 yrs. working life would this be the best option ?
Does anybody have any suggestions for an alternative retirement package?
Without AVC
Projected pension €142 p/week
Old Age contributory €167 p/week
Total €309 p/week
Tax free lump sum €42,409
With AVC
Projected pension € 351 p/week
Old Age contributory €167 p/week
Total €518 p/week
Tax free lump sum €54,721
AVC weekly contribution would be €25.30
(after Tax + PRSI relief)