Prudential AVCs vs S&S ISA

2»

Comments

  • jabbahut40
    jabbahut40 Posts: 222 Forumite
    atush wrote: »
    How about you look up the funds you might have chosen and see how much they went up in 2013? That she didn't take part, and didn't reap the benefits might jog her into action lol?

    Love it! Think this will do the trick. Thanks
  • One thing to keep in mind with using LGPS Prudential AVCs to take as lump sum is that, if the AVC has run for less than five years, there is an exit charge of (I think) 15%.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    One thing to keep in mind with using LGPS Prudential AVCs to take as lump sum is that, if the AVC has run for less than five years, there is an exit charge of (I think) 15%.

    Well said, sir. That would be enough to put me off AVCs: you're trapped and they can change terms on you. In a personal pension of some sort you can move to another provider.
    Free the dunston one next time too.
  • jem16 wrote: »
    Are you a higher rate taxpayer?
    No, I'm not.
    if not you might be better using a S&S ISA. That way you could retire earlier and use the S&S ISA to bridge the gap till NRA for the LGPS - would save any actuarial reduction.
    I'm already contributing to a S&S ISA as well. :)

    WW
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235.1K Work, Benefits & Business
  • 607.8K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards