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AVC's
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cottranger
Posts: 1 Newbie
I belong to a non contributary company, money purchase, pension scheme. The company provide 10% of my salary of which I have no control, but I do contribute approx 3.3% in AVC's. In this current financial situation should I stop the AVC's and invest in say an ISA or similar.
0
Comments
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if you are expecting the financial situation never to recover then stop investing
however if you think that the financial situation will improve before you retire then continue investing0 -
In this current financial situation should I stop the AVC's and invest in say an ISA or similar.
Would it make any difference? AVCs are tax free. ISAs are tax free. The same investment fund held in the ISA will perform identically if held in the AVC. The only difference between an AVC and ISA is the maturity process and the fact AVCs are not subject to inheritance tax.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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