AVC Pru

OldBeanz

Some AVCs are linked to main pensions (hence the word Additional) and if you take one then you have to take the other to truly benefit so for example the Local Government scheme allows the AVC to be the cash lump sum generated by the pension. You should ensure you are not losing out on any benefit like this. There may be other hidden benefits to taking this pension as income. As yours is With Profits which is a dying concept you need to write to the company and ask about your options and benefits. It is probable that on maturity you may have/want to transfer the pension to another provider to gain the flexibility you want.