Max lump sum calculation

[november16]

Completely confused what is difference between PRSA avc and AVC
is 5% contribution fee and 1% management fee steep on an AVC eg last minute AVC
if lump sum avc contribution is approx 3,000 how much would it cost me, with the above charging structure
what are the charges can someone please advise me

 

[bstop]

Search the forum for execution only brokers and you will find that you can avoid the 5% fee.

 

[Dave Vanian]

Search the forum for execution only brokers and you will find that you can avoid the 5% fee.

While I'm a great fan of execution-only services, by definition they come with no advice so a customer needs to know exactly what they're doing before approaching one. From reading this post, it doesn't appear that the poster has all the information they need to make their own decision. They are looking for advice. So if a broker is going to charge them 5% of a once-off contribution of €3,000 i.e. €150 that seems reasonable to me for advice.