Accessing AVC before main pension

[Luternau]

I contributed to an AVC outside of my main scheme. I am no longer contributing to either (not working). My normal.retirement age is 4 years away.

With the investment profile, I don't see the value of the AVC increasing much.

is there anything I can do with it now ? Perhaps I cannot touch it without also triggering the main pension, which I assume would attract actuarial reduction..

 

[Fortune]

With the investment profile, I don't see the value of the AVC increasing much.

Change the investment profile then

 

[LDFerguson]

Perhaps I cannot touch it without also triggering the main pension,

The AVCs and the main scheme benefits must be retired at the same time.

which I assume would attract actuarial reduction..

If the main scheme is a Defined Benefit scheme, then yes it would. If it's a Defined Contribution scheme, then there might or might not be any reduction for early retirement, depending on what you intend to do with the fund when you draw it down and the performance of the fund over the next four years which is unknown.

 

[Luternau]

Change the investment profile then

I am aware I can do that at anytiime. It is not being recommended to me by the broker.