We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Taking an AVC (LGPS pension)

doingitanyway
doingitanyway Posts: 10,665 Forumite
Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
I posted re the above but I have the answer now.

If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

Emergency fund 350/1000
Buffer fund 100/100
Debt Free (again) 25/07/2025

Comments

  • hyubh
    hyubh Posts: 3,784 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I posted re the above but I have the answer now.

    Presumably that was something along the lines of, 'your question is based on slightly faulty assumptions, since the mechanism to take the whole AVC as cash is to put it with your main LGPS pension and take up to 25% the total capital value as your PCLS'...? 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.1K Banking & Borrowing
  • 254K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246.2K Work, Benefits & Business
  • 602.3K Mortgages, Homes & Bills
  • 177.9K Life & Family
  • 260.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.