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Prudential AVC (Teachers)
whitesatin
Posts: 2,102 Forumite
About three and a half years ago I opted to take 25% of my very small AVC fund. If I remember correctly, I got about £1100 and had to take the rest as a pension. I receive around £100 a year, monthly.
I was wondering if the new regulations which I think may be happening, might mean that I can take the rest of my fund now instead of approximately £7 per month until I die.
I was wondering if the new regulations which I think may be happening, might mean that I can take the rest of my fund now instead of approximately £7 per month until I die.
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Comments
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No. The changes are to those that have not yet bought the income.
There are some proposals for those that bought an annuity that is unlikely to be commercially viable (guess but logical one)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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