LGPS Clerical Medical AVC AMC
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draiggoch
Posts: 153 Forumite
Looking to start an AVC with the LGPS and cannot for the life of me find any reference in the online pack to the annual charges for the funds/platform. They use Clerical Medical as a provider, the general fees are available on the Clerical website but not sure if the LGPS has a special agreement on the charges.
Anybody aware if it is the same charges for all LGPS schemes with Clerical Medical?
Thanks
Anybody aware if it is the same charges for all LGPS schemes with Clerical Medical?
Thanks
0
Comments
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I can't provide the exact AMC but they are very cheap and there's not a lot between the various AVC providers with the LGPS. The main advantage is the link between the AVC and the main DB scheme, affording you the ability to potentially draw up to 100% of the AVC out tax free compared to the standard 25% when drawing the main scheme benefits.0
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Thanks Phynix, I'm aware of the benefits of using the AVC it's just difficult to find the correct information on charges. I'll see if the local LGPS administrators have more info. Just wanted an idea in relation to which funds i'm going to use.0
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