How an AVC could help you. AVCs can be a smart way to save for your future because of the tax savings, and they give you several options for how and when you retire. As your AVC is invested, it has the potential to grow. But remember, the value can go down as well as up and you may get back less than you put in. With an AVC, you might be able to retire early so you could spend more time enjoying the things you like. Or, you could still retire on your planned retirement date, but potentially with more money. Or, if you’d like to reduce your hours or start working flexibly, you may be able to use your AVC, currently from age 55, to supplement your salary if your scheme allows you to.