ISA or AVC question Please

omg_3

I have a Final Salary pension. I am looking towards retiring in 5 to 7 years @ 56 years old. If I pay into IVC's, I will be able to take out all of the money I put in (Will not be 25% of pot). I am a basic rate taxpayer (The small portion that would be 40% is paid into IVC'S)

I do not know how the IVC pot grows?

Am I better putting monies into an ISA?

Ta Simon

CLAPTON

it all depends upon how the AVC works... and its value

omg_3

Hi, just checked and 75% invested in shares, 20% in Bonds and 5% Property. Fund grew 5% last year. What would you advise please?

EdInvestor

That's a frightful performance.What alternative funds (and/or providers) are offered for the AVC?

I assume that in your top post you are saying that you will be able to take all your tax free cash from the AVC without touching the scheme pension, in which case the AVC makes sense, if the performance is competitive.

dunstonh

That's a frightful performance.

Not necessarily. There was the correction last May and a short lived correction this March. The timing of the statement may have been the wrong side of either of those which could account for 5%