PaddyBloggit
Registered User
- Messages
- 3,745
I had deductions taken from my salary for AVCs for more years than I care to admit to.
It was via the INTO/Cornmarket promoted scheme ..... 'twas a very hard sell and as a young teacher I fell for the hard sell ... tax efficient etc.
And sure why wouldn't I go for it .... my union was pushing it hard as well and they were looking after my welfare weren't they?
When the first spate of cuts came I stopped deductions and left the fund to work whatever magic it was or wasn't going to do.
The fund currently stands at €32k from a high of €56k approx, so it's losing value all the time.
Not only is it losing value but Cornmarket are charging me an annual maintenance fee of approx €500 to mange the fund ... a cost that that can't be sustained.
I've given up the ghost of AVCs and planning for a more comfortable retirement but having slogged to pay the contributions can I do anything to claw back what's left before it is totally annihilated?
It was via the INTO/Cornmarket promoted scheme ..... 'twas a very hard sell and as a young teacher I fell for the hard sell ... tax efficient etc.
And sure why wouldn't I go for it .... my union was pushing it hard as well and they were looking after my welfare weren't they?
When the first spate of cuts came I stopped deductions and left the fund to work whatever magic it was or wasn't going to do.
The fund currently stands at €32k from a high of €56k approx, so it's losing value all the time.
Not only is it losing value but Cornmarket are charging me an annual maintenance fee of approx €500 to mange the fund ... a cost that that can't be sustained.
- Can I do anything about this money?
- Can I 'release' it from Cornmarket and put it somewhere where it will have some chance of survival?
I've given up the ghost of AVCs and planning for a more comfortable retirement but having slogged to pay the contributions can I do anything to claw back what's left before it is totally annihilated?