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With profits AVC
Pipkin1812
Posts: 96 Forumite
I have an in house AVC with my LGPS pension. It is a standard life with profits plan. I have a set retirement age in the plan of 65. What are the consequences of taking an earlier retirement date if any? Thanks.
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Can anyone offer any advice? I’ve tried to research what would happen to the bonus payment if I brought the retirement date forward but am struggling to find anything. Thanks0
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Have you looked at this guide;
https://www.standardlife.co.uk/investments/funds/with-profits-information
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First you need to find out what withdrawal options there are . They might be restricted and it may be necessary to transfer out to another pension ( which is actually quite easy ) . By transferring out you would not normally lose out of any bonuses built up.Pipkin1812 said:I have an in house AVC with my LGPS pension. It is a standard life with profits plan. I have a set retirement age in the plan of 65. What are the consequences of taking an earlier retirement date if any? Thanks.1
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