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Free up FAVC
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Stu-Pot_4
Posts: 1 Newbie
I have a FAVC with my bank (HSBC), this has run for about 12 years I now find that my company pension scheme is more than adquate for my retirement. I now need the saved money for a house purchace but my bank say's they can not release thsi until I retire ...is this correct. The 19k tied will mean the difeernce on my house purchcase, is there anyway even with penatalties to release the funds ??
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Stu-Pot wrote:I have a FAVC with my bank (HSBC), this has run for about 12 years I now find that my company pension scheme is more than adquate for my retirement. I now need the saved money for a house purchace but my bank say's they can not release thsi until I retire ...is this correct.
'Fraid so.If you are over 50 you should be able to get 25% in cash.The 19k tied will mean the difeernce on my house purchcase, is there anyway even with penatalties to release the funds ??
Nope, not under that age.Trying to keep it simple...
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