Wife retired from teaching recently, should we leave AVC with Cornmarket?

[tcf]

My wife has just retired from teaching and has an AVC of 45k with Cornmarket.
We want to keep it for future emergencies and burial costs.
Should we just leave it with Cornmarket or seek independent advice?

I hope I'm posting according to the rules

 

[Sue Ellen]

Hi tcf,

Welcome to AAM.

I have moved your thread to the Pensions Forum as it is the one most suited to your query. Hopefully you get some advice there.

A copy of your original post will remain in the that forum for one month also.

 

[Steven Barrett]

The AVC is part of the employer pension and should also be matured. She does not have to purchase an annuity with it and can invest it in an ARF where the money can continue to be invested like it current is. Income tax is payable when the money is drawn down.


Steven
www.bluewaterfp.ie

 

[tcf]

Thanks, Steven. I wasn't sure about this and Cornmarket are listed as one of the people to ask for advice

 

[Steven Barrett]

Cornmarket have cornered the teachers market. They would have set up your wife's policy so they would be brokers mentioned in the letter from Zurich Life.



Steven
www.bluewaterfp.ie