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Calculator giving zero DB Input - Can I put all my earnings into a SIPP?
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LarryCiantapuffi said:AlanP_2 said:OP - Whilst AA is not relevant to your situation for future reference the best place for [link]
In an earlier post the question was posed to you about why a SIPP and not LGPS AVCs and I don't think you answered. There are pros and cons for both options but at least consider them both.Thanks for the calculator. This requires some details I do not have as the LGPS administrator messed up my statements and they cannot get me such details. Anyway, as I said in my last post, I've got everything I needed from the site I quoted, thank you.Re not answering the AVC v SIPP comment, thanks but AVCs are not an option for me, and this post was not about investment advice, it was very specifically about SIPPs, so I didn't want to diverge into an investment advice discussion.
LGPS is fairly unusual in that it is possible to use the AVC option and benefit from tax relief and then when you start to take the LGPS pension you can take more than 25% out of the AVC pot as a tax free lump sum.
Some people manage to take 100% out tax free I think.1 -
@Dazed_and_C0nfused - thanks but AVCs are not an option for me in this particular case, hence not mentioned at all.
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