{"id":428389,"date":"2026-05-02T08:28:09","date_gmt":"2026-05-02T08:28:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/428389\/"},"modified":"2026-05-02T08:28:09","modified_gmt":"2026-05-02T08:28:09","slug":"your-money-questions-is-it-better-to-buy-back-pension-years-or-should-i-contribute-to-an-avc","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/428389\/","title":{"rendered":"Your money questions: Is it better to buy back pension years or should I contribute to an AVC?"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">Plus, how can I start to build a rainy-day fund?\n<\/p>\n<p><img decoding=\"async\" alt=\"Retirement concerns. Photo: Getty\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/05\/IB retirement.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Retirement concerns. Photo: Getty<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Q I am a public servant who intends to retire at the age of 67. As I\u2019m a late starter to my public service career, I won\u2019t have the full years of service at retirement. Is it better for me to buy back years in a defined benefit scheme rather than make additional voluntary contributions?<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">A The core difference between contributing to an additional voluntary contribution (AVC) or purchasing notional service (PNS) lies in the retirement outcome, said David Funcheon, certified financial planner with broker Ask Acorn.<\/p>\n","protected":false},"excerpt":{"rendered":"Plus, how can I start to build a rainy-day fund? Retirement concerns. Photo: Getty Q I am a&hellip;\n","protected":false},"author":2,"featured_media":428390,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,3361,176,61,60,3362,174,175],"class_list":["post-428389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-charlie-weston","tag-finance","tag-ie","tag-ireland","tag-money-experts","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/428389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=428389"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/428389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/428390"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=428389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=428389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=428389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}