Aviva reattribution - advice please

spaghettilegs

Hi

This is my first post on this forum, so hopefully I'm in the right place!

I have a small endowment (£8500) which still has over 10 years to run. It was originally linked to a mortgage that I no longer have, so I reduced payments to the absolute minimum. I have been offered an incentive payment of £200 but am unsure whether to accept this.

Any advice would be gratefully received as, despite reading the literature Aviva sent me, I am still as confused!

Thanks in advance

RufusA

For most people the advice is take the money.

If you are certain to want to the hold the policy until the end, then there is a small chance that if you don't take the money now, you will be entitled to a reattribution at a later date which may (or may not) be more than is currently offered.

However it's been a long a painful process for NU so it's unlikely one they'll want to repeat in a hurry. I wouldn't expect them to do anything much for another 10 years+ particularly if the majority of people choose to take their reattribution.

Personally I think it's a choice between the money now, or nothing. For me it's a no brainer, and gives me more options over what to do with the endowments.

HTH - Rufus.

spaghettilegs

Thanks for taking the time to reply to me, Rufus. Much appreciated.

Lynn