Can anyone tell me can I take my cash balance fund and put it with my remaining avc
(added aprox. £64k) into a seperate drawdown arrangement.
Thanks.
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Cash Balance fund/Avc options
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RobertT
- EX ROYAL MAIL
- Posts: 6644
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Cash Balance fund/Avc options
It is possible to transfer the DBCBS out to a DC pension.
You will then have a choice of ways to access that pension, one of which is drawdown.
You will then have a choice of ways to access that pension, one of which is drawdown.
Links to all RM pension related websites are here
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moyaspawn
- Posts: 23
- Joined: 21 Jul 2013, 20:00
- Gender: Female
Re: Cash Balance fund/Avc options
Thanks once again Robert.
Would that also appy to my remaining Avc?
cheers.
Would that also appy to my remaining Avc?
cheers.
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RobertT
- EX ROYAL MAIL
- Posts: 6644
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Cash Balance fund/Avc options
Yes it would.
Once I've taken my NRA60 with my AVC's funding the tax free lump sum. I'll have an excess amount in my Flexiplan, which I plan to transfer to a DC scheme. As it's more tax efficient than taking it with my NRA65, because the DBCBS will fund the tax free cash with that.
I'm section C.
Once I've taken my NRA60 with my AVC's funding the tax free lump sum. I'll have an excess amount in my Flexiplan, which I plan to transfer to a DC scheme. As it's more tax efficient than taking it with my NRA65, because the DBCBS will fund the tax free cash with that.
I'm section C.
Links to all RM pension related websites are here
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moyaspawn
- Posts: 23
- Joined: 21 Jul 2013, 20:00
- Gender: Female
Re: Cash Balance fund/Avc options
More invaluable info/advice from you.
Hopefully you will hang around this forum for a bit.
All the best for the future.
Hopefully you will hang around this forum for a bit.
All the best for the future.