Pension Contribution ...AVC's?

S

serotoninsid

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I work for a multinational - and have been part of their pension scheme since I started with them. Almost immediately after starting this, I threw in a few more percent as an AVC.

I have not been following developments as closely as I probably should recently - but should I take out the AVC - and take control of it, investing it myself?
 
I'm not an expert on Pensions by any means, but you're most likely not able to "take out" or encash the AVC...it's essentially an additional contribution to your pension arrangement, in most cases used to top up your max tax-free lump sum on retirement.

Even though there is the forthcoming Pension Levy, it should still be cost effective, in that you can offset your contributions against your Income Tax.
 
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