poorrelative
Registered User
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Just wondering what peoples thoughts on Eddie Hobbs' recent spat of tiktok posts advising public sector works to avoid AVCs at all costs and instead purchase notional service.
He suggests that those who have already contributed to AVCs and are within 10 years of retirement should consider disinvesting their AVCs by transferring into the public sector superannuation scheme. I never heard of this option before but it seems like it really is possible. My own calculations of the potential benefit of notional service over AVCs comes to the same conclusion as many here - that it is very expensive and you would need to live longer than the average life span to benefit from notional service.
Eddie Hobbs Counterpoint on TikTok
Eddie Hobbs Counterpoint's short video with ♬ original sound
www.tiktok.com
He suggests that those who have already contributed to AVCs and are within 10 years of retirement should consider disinvesting their AVCs by transferring into the public sector superannuation scheme. I never heard of this option before but it seems like it really is possible. My own calculations of the potential benefit of notional service over AVCs comes to the same conclusion as many here - that it is very expensive and you would need to live longer than the average life span to benefit from notional service.