Civil Service AVC

pat_sexy

I am employed in the Civil Service and have already bought added years, stakeholder plans. I have another 2% left over on pay (from the 15% maximum pension investment from pay).

I am considering a Standard Life CSAVC.

Does anyone know how I can minimise commission on the scheme?
Is it possible to buy this CSAVC through a discount broker rather than direct from the provider?

Thanks,

Pat

dunstonh

I wouldnt buy an in-house AVC at this time. You have no flexibility with it and if you have already bought extra years, you may have issues with over-funding. Although that may well be changed from next year.

Added years is a much better option than the inhouse AVC. Especially at this time whilst it is still available.

From April 2006, how much and how you can pay into pensions changes. Your options are going to be greater. SIPPs/PPPs/SHPs will all allow greater contributions than current and they offer greater flexibility and nowadays, similar charges to the in house AVCs.

If you choose to proceed with the in-house AVC, then no, you cannot buy it by other meands. You can only purchase FSAVCs yourself.