B
Bro123
Guest
Hi,
I am a 24 year old teacher working for 4 years now.
In my first year teaching a cornmarket representative arranged to meet me and advised me at the time to open an AVC accout and contribute about 70 euro / month (He did not mention at the time that there would be around 800 euro setup fee).
The following year another cornmarket rep persistently persued me to set up a meeting until I eventually agreed. This time he reccommended that I up my payment from 70 euro / month to 160 euro / month. After this meeting I was charged 500 euro without any indication that this would be the case.
Based on other theads on AskAboutMoney I now realise that the advise given was poor and biased & just wondering at this stage should I opt out of my AVC or should I just change the amount to the minimum?
I am not sure what the effect of opting out would be. I know there will probably be similar charges as above for changing to the minimum.
Sorry about the long post - hopefully other young teachers will avoid the pitfalls above.
I am a 24 year old teacher working for 4 years now.
In my first year teaching a cornmarket representative arranged to meet me and advised me at the time to open an AVC accout and contribute about 70 euro / month (He did not mention at the time that there would be around 800 euro setup fee).
The following year another cornmarket rep persistently persued me to set up a meeting until I eventually agreed. This time he reccommended that I up my payment from 70 euro / month to 160 euro / month. After this meeting I was charged 500 euro without any indication that this would be the case.
Based on other theads on AskAboutMoney I now realise that the advise given was poor and biased & just wondering at this stage should I opt out of my AVC or should I just change the amount to the minimum?
I am not sure what the effect of opting out would be. I know there will probably be similar charges as above for changing to the minimum.
Sorry about the long post - hopefully other young teachers will avoid the pitfalls above.