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teacher's avc's

molly29 · 2010-01-17 20:38:01

I'm a 30 year old teacher wishing to start avc's. I'm wondering at my age how much should i contribute each month. Thanks!:D

17-01-2010 8:38pm

#1

molly29

Registered Users, Registered Users 2 Posts: 5 ✭

Join Date: September 2009

Posts: 2

I'm a 30 year old teacher wishing to start avc's. I'm wondering at my age how much should i contribute each month. Thanks!:D

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Comments

#2 18-01-2010 9:30am

Andymfinancial

Closed Accounts Posts: 60 ✭✭

Join Date: January 2010

Posts: 57

depends on a number of factors including age, how long you have been in the main scheme and salary. Also look at whether AVC is the best option. You may be better off paying extra into the main pension scheme. If you go AVC route then make sure you go to a broker. The charging structures on Cornmarket AVC's is in my experience very very expensive

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#3 18-01-2010 9:32pm

rainbowtrout

Registered Users, Registered Users 2 Posts: 15,397 ✭✭✭✭

Join Date: April 2007

Posts: 15316

Like the previous post said it depends on a number of factors. I'm a 31 year old teacher and took one out two years ago. It depends on how many years you have been teaching, what age you will be when you can retire on a full pension and what age you want to retire.

Cornmarket are linked to ASTI and Marsh to TUI

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