I have made some inquiries in this regard and have been strongly advised to purchase notional years rather than investing in AVCs - this is the way to go. I would stop paying AVCs immediately and instead put your money into NS - a much better option financially and one you will appreciate when you're drawing down your pension.
Hello All
I have searched for info' on what I'm about to ask but couldn't find anything! I am a public servant with an 8 year old AVC and I am strongly thinking of freezing it, and using the montly payements to purchase Notional Service. If I can freeze the AVC? what will I be annually charged to manage the frozen fund and would there be a charge to kickstart the fund again?. The NS montly payements are not cheap and as was pointed out, one doesn't see a growing fund, but I am buying in to a DB system.
Regards
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