Aegon with profits bond 10 years old

dc1606

We have an Aegon with profits bond current cash in value c.25K which after 10 years is not a good profit on the initial 20K investment.There is currently no MVR. Should we withdraw and invest elsewhere? If so, any suggestions as to where?At my age - 64 - am probably looking for something not too risky! My wife pays no tax so is it probably best to invest it in her name?
Also have a paid up FSAVC currently worth only 14K. I know I could withdraw 25% in cash - have there been any changes in the rules about these?

dc1606

Wanted to delete this topic as there have been no answers so as to prevent people wasting their time looking at it, but can't see how to do it. Can only seem to edit !

middlepuss

dc1606 wrote: »

We have an Aegon with profits bond current cash in value c.25K which after 10 years is not a good profit on the initial 20K investment.There is currently no MVR. Should we withdraw and invest elsewhere? If so, any suggestions as to where?At my age - 64 - am probably looking for something not too risky! My wife pays no tax so is it probably best to invest it in her name?
Also have a paid up FSAVC currently worth only 14K. I know I could withdraw 25% in cash - have there been any changes in the rules about these?

On the Aegon bond I don't know what the terms are so can't say if it's good to hold or sell. And that may be why others haven't replied.

Making use of your wife's tax free earnings of £6K or so sounds like a good idea for any investment/savings income. (As long as you don't think she'll run off with the milkman...).

Re 25% from the FSAVC - I think the rules are changing in April. As far as I know you'll still be able to take 25%. But I think, in general, they are going to make pensions more flexible than they are now.

dc1606

Thanks for that!