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invest a lump sum into my company pension
delsas007
Posts: 1 Newbie
I have asked my company if I can split my redundacy with £30000 tax free and the surplus to be put into my pension fund.I am being made redundant on March 31st 2012.
The company pensions dept have stated that I would have to invest this surplus as an AVC.This would mean that I would not benefit from a higher lump sum if I was to cash it in.I will be 55 in Oct 2012,are the pensions dept correct on this matter ?
The company pensions dept have stated that I would have to invest this surplus as an AVC.This would mean that I would not benefit from a higher lump sum if I was to cash it in.I will be 55 in Oct 2012,are the pensions dept correct on this matter ?
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