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.
📨 <b>Have you signed up to the Forum's <a href="https://forums.moneysavingexpert.com/discussion/6612556/new-feature-get-sent-trending-forum-threads-by-email?utm_source=banner">new Email Digest</a> yet? </b>Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stakeholder question?
maxie014
Posts: 190
Forumite
If you were 20,on a stakeholder pension paying 6%,which the employer matches but doesnt go above 6%
Which way would you go about paying extra in,straight in the main pension,or avc payments?
Not for me for 20yo son,i assume hed be better trying to put more in now when he has spare cash,rather than try to do it when with wife,kids,mortgage etc.
Which way would you go about paying extra in,straight in the main pension,or avc payments?
Not for me for 20yo son,i assume hed be better trying to put more in now when he has spare cash,rather than try to do it when with wife,kids,mortgage etc.
0
Comments
-
Do the AVCs go into a different pension? Or do you mean him paying into a separate private pension?0
-
Which way would you go about paying extra in,straight in the main pension,or avc payments?
Does he have access to an AVC?
AVCs are normally offered as a means to increment on occupational pension. A stakeholder pension (including group stakeholder pension) is not an occupational pension. If you wanted to pay more, then you would just pay more into the stakeholder. There isnt a need for an AVC.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 -
Not sure if he has access to an avc,propbably just pay extra into the stakeholder.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards