Prudential AVCs vs S&S ISA

jabbahut40

atush wrote: »

How about you look up the funds you might have chosen and see how much they went up in 2013? That she didn't take part, and didn't reap the benefits might jog her into action lol?

Love it! Think this will do the trick. Thanks

vm2pensioner

One thing to keep in mind with using LGPS Prudential AVCs to take as lump sum is that, if the AVC has run for less than five years, there is an exit charge of (I think) 15%.

kidmugsy

vm2pensioner wrote: »

One thing to keep in mind with using LGPS Prudential AVCs to take as lump sum is that, if the AVC has run for less than five years, there is an exit charge of (I think) 15%.

Well said, sir. That would be enough to put me off AVCs: you're trapped and they can change terms on you. In a personal pension of some sort you can move to another provider.

woolly_wombat

jem16 wrote: »

Are you a higher rate taxpayer?

No, I'm not.

if not you might be better using a S&S ISA. That way you could retire earlier and use the S&S ISA to bridge the gap till NRA for the LGPS - would save any actuarial reduction.

I'm already contributing to a S&S ISA as well.

WW