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AVC Benefits

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

AVC Benefits

Post by RobertT »

maisymoo04 wrote:hi Robert t thinking about taking out another flexiplan payment avc £20 week 100% growth think it would be ok as a good option or have a few options life style etc :hmmmm :hmmmm
It's impossible to say whether that would be a good choice without knowing a lot more info about you. Like age, time until retirement, attitude to risk, how much you've already got, etc.

But a £20 per week gross payment would mean a cost of just £13.60 to you, factoring in tax relief and PSE. So in general AVC's are a great way of saving money.

I suggest a good read of the guide to AVC's!
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