Where shall I put my AVC’s?

DanTheBus

I have recently combined my old pensions into PensionBee and have a current pension with Aviva through my employer.
My question is, If I want to make any AVCs is it best to put in my Pensionbee pot or add it to my current pension with Aviva?

SonOf

My question is, If I want to make any AVCs is it best to put in my Pensionbee pot or add it to my current pension with Aviva?

AVC is a product type. It is unlikely you will have access to an AVC if the main scheme is an insurance provider workplace scheme.

So, your contributions are most likely going to have the following options (in no particular order)
1 - LISA
2 - S&S ISA
3 - stakeholder pension
4 - personal Pensions
5- SIPP
6 - Robo guided service
7 - existing workplace scheme.
8 - AVC (if one available)

Many here wouldnt go near pensionbee as they are more experienced investors and would steer low-experience investors to a lower cost option than pensionbee. Your workplace scheme may offer the best value but we know nothing about it. There is really little info to say what options may be best for you.

cloud_dog

DanTheBus wrote: »

I have recently combined my old pensions into PensionBee and have a current pension with Aviva through my employer.
My question is, If I want to make any AVCs is it best to put in my Pensionbee pot or add it to my current pension with Aviva?

1. Are you a basic rate tax payer?
2. Are you younger than 40?
3. Would you be ok accessing this money on/after age 60 (without incurring a withdrawal penalty)?
4. Do you have a LISA, and are younger than 50?

The above will help identify if a LISA may be better for you.