Have defined benefit, make AVCs, other options?

[roytheboyo]

Sorry if this is a stupid question; i am in my mid 30s, have a defined benefit pension scheme with employer, i will have 40+years service when i am 61 so cant buy years service. I make regular AVCs. Can i start a self administered/self directed pension as another source of funds upon retirement. Which one? Is it practical as a vehicle to invest in shares/property? Thanks.

 

[Protocol]

Not unless you have another source of earnings, from which to base the new pension.

Otherwise, if you want to save more into a pension, simply increase your AVC conts to the max.