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AVC's or put the money into a bank or credit union??

Dunree · 2014-11-08 09:57:37

Hi Guys, I'm looking for a bit of advice re my pension. I intend to retire in six years which will be after 19 years of service with my current employer. I also transferred former pensions into this company's scheme. This has given me around 14 years extra into the pot. I'm now in the financial position where I can afford…

Comments

Dunree Posts: 401 Forumite

9 November 2014 at 3:25PM

jem16 wrote: »

So that looks like you can use your AVC pot to take the tax-free lump sum which is good.

This means that you can avoid reducing your pension to provide a lump sum.

Excellent

I'll get things in place for that tomorrow.

Will need to check if I can reduce the AVC payments if my circumstances change. If I can, then it'll be ticketyboo

Life is now good
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