J
Joey G
Guest
I'm mid 40s and a member of a group pension scheme which at 65 promises two-thirds of final salary excluding state benefits. Currently I'm tossing 4,500 Euros per annum into my AVCs and the fund is worth 30,000-32,000 Euros. I'm thinking of upping my annual premium by another grand a year to perhaps 5,500 Euros to benefit from the tax incentives. My question. Can one overdo AVCs. Can one end up with too big a nest egg at retirement. I'm not sure but I think one can only withdraw a tax-free lump sum of 1+1/2 times final salary at age 65. Any views or advice would be helpful. Thanks