N
No.Ive already set up with cornmarket and paid the expensive set up fees, so the cost of cornmarket is mute.
The only up side to the the funds being down across the board is that your monthly premium is buting up more units and eventually when the market does bounce the more units you have the greater impact it has on your value. So if you have at least 10 years to go before the big retirement I would keep it going.
The only problem is when this bounce is going to happen......a long term view is about 30 years now???
The only up side to the the funds being down across the board is that your monthly premium is buting up more units and eventually when the market does bounce the more units you have the greater impact it has on your value. So if you have at least 10 years to go before the big retirement I would keep it going.
The only problem is when this bounce is going to happen......a long term view is about 30 years now???
I looked into this .... If I stopped my AVC contributions my actual gain in my salary would be minimal as I'd have lost the remainder to tax.
As it stands my fund is down but it's still much higher than what I have personally contributed . I look at the loss as being covered by the tax man. If I didn't put the money into AVC's I'd probably have spent it on day to day stuff.
I'm going to continue with mine .... and review it again it the conditions change e.g. tax breaks
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