Hi. My partner is a member of a DB company scheme. The scheme is underfunded and he won't be able to take retirement before 68. Early retirement will not be possible.
I'm trying to see whether it is possible for him to put money into AVCs which he could use to fund a few years early retirement, until such time as the main scheme becomes available.
The scheme has an AVC option, but this only seems to become available when he retires from the main scheme. From what I've researched, it looks like he could open a third party "AVC PRSA", but that also seems linked to the main scheme?
Is there any good options open to him?
I'm trying to see whether it is possible for him to put money into AVCs which he could use to fund a few years early retirement, until such time as the main scheme becomes available.
The scheme has an AVC option, but this only seems to become available when he retires from the main scheme. From what I've researched, it looks like he could open a third party "AVC PRSA", but that also seems linked to the main scheme?
Is there any good options open to him?