Phil_space
Registered User
- Messages
- 62
I'm sure some AAM posters have encountered this issue previously...
My wife is employed as a Nurse and, from 1998 to 2001, in addition to her normal pension contribution, she made AVC contributions through Woodchester (Cornmarket). With the USC now the final straw, we need to access all the cash we can get our hands on. Can these contributions be cashed in or do they have to be preserved until retirement? If they can be encashed are there any tax requirements/surcharges to account for the tax relief allowed when contributing? Will Cornmarket also impose an exit charge?
Thanks,
Phil
My wife is employed as a Nurse and, from 1998 to 2001, in addition to her normal pension contribution, she made AVC contributions through Woodchester (Cornmarket). With the USC now the final straw, we need to access all the cash we can get our hands on. Can these contributions be cashed in or do they have to be preserved until retirement? If they can be encashed are there any tax requirements/surcharges to account for the tax relief allowed when contributing? Will Cornmarket also impose an exit charge?
Thanks,
Phil