We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
transfer out of lgps
chiefie
Posts: 406 Forumite
Has anyone had a recent transfer out of lgps ? How did it go ? Just interested. Mine recently told me I could transfer my avc fund out now if I wanted. Aren't considering transferring the db part but just wondered how they were valued.....
0
Comments
-
An AVC is just an amount of money invested in the funds you (directly or indirectly) chose so it's value is simply that, the current of the fund.
It doesn't have the same complexities that the DB valuation has.
The recent changes mean that all DB schemes have to let you transfer them out totally sperately from the DB scheme.0 -
You may want to check whether you want to take your AVC. If taken with your LGPS then you should be able to draw the money tax free. If taken now barring the first 25% you will be taxed at your marginal rate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 37.7K Read-Only Boards