Cashing in FSAVC at 55

uclown2002 · 7 July 2018 at 12:53PM

hyubh wrote: »

However, the Alpha accrual rate is way better than Classic's in the first place, so to an extent this is horses for courses and you may well end up with a similar pension to if you were in Classic to the end.

Yes, that is why I'm inclined to go well before NPA. Do you think adding to Alpha I sound compared to PPP?

Joey_Soap · 7 July 2018 at 1:27PM

uclown2002 wrote: »

Yes, that is why I'm inclined to go well before NPA. Do you think adding to Alpha I sound compared to PPP?

I believe alpha trounces any private pension option hands down, especially over a fairly short timescale as you indicate.

AnotherJoe · 8 July 2018 at 12:25PM

uclown2002 wrote: »

So what about take the 25% tax free and transfer rest into a SIPP (as suggested above) I could just about get rid of these cards once and for all, free up the £200 per month to invest?

NOW you're talking !
Except as said you'll have to xfer into a SIPP and then take out the 25%, in that order.

uclown2002 · 8 July 2018 at 12:53PM

AnotherJoe wrote: »

NOW you're talking !
Except as said you'll have to xfer into a SIPP and then take out the 25%, in that order.

Yup the wheels are in motion thanks to input on this thread.

Just weighing up where to put a few hundred £s pm extra although Civil Service Alpha scheme is favourite when I switch to it in April 2019.

Cashing in FSAVC at 55

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