Posted by John Bland on 22 June 2001 at 08:37:56:
As the subject indicates, I understand that overpaid AVC
contributions,
i.e. those that make the final pension more then the Inland
Revenue
limit, can be used to top-up IBM's discretionary C-plan
increases
to the IR maximum.
Does anyone have experience of this?
How
can I work out how long my overpayment might last?
I do not want to reduce my
AVC contributions if there is some
future benefit in over-paying.
I have
asked the Pensions department at North Harbour, but they
have a 6-week delay
in all replies!