€26k paid in and now it's only worth €22.5k?5 years ago I started an AVC with Zurich - I made 2 lump sum payments of 8,000 5 yrs ago - and then 10,000 4 years ago. fund is currently worth 22,500.
Again, what charges apply and what investment options are available?I like the simplicity of going the Cornmarket route with deductions from gross salary
I went directly with a Zurich Rep. Very nice person who wasn't at all pushey... I just phoned one of their lines and arranged a meeting in a hotel on the M1...What broker did you use five years ago when starting the AVC with Zurich?
Are you absolutely sure that there was no other charge - e.g. a chunk of each contribution taken?I think there is an annual charge of 1% with Zurich.
The charges are very important. You need to clarify them on both the existing Zurich pension and the Cornmarket one. Incurring high charges for the sake of perceived or actual convenience could be shooting yourself in the foot.As far as know the charges for Cornmarket are higher but not exactly sure - but for me the convenience of deduction from work salary would make up for the differences.
All things being equal (in particular, charges being competitive) having different pensions can actually be a good thing as it can offer flexibility for retirement. E.g. retiring different pensions at different times rather than it being an all or nothing once off decision.My main question is that in theory is it a bad idea to have AVCs from different providers - Does this cause problems at the time of draw down in terms of fees / tax / flexibility etc.
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