Wednesday February 26, 2020

Deadline looms to dip into AVC piggy bank

Savers who want to raid their pension pot are up against a ticking clock

21st February, 2016

Retirement savers have a little over a month left to dip into their pension pots under a government scheme that allows pension savers to draw on their retirement funds earlier than planned.

A change to pension rules in 2013 gave retirement savers a three-year window to access up to 30 per cent of the accumulated value of so-called pension top-ups, also known as additional voluntary contributions (AVCs).

Budget 2013 gave individuals a one-off option to withdraw some...

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