Re: Time to call it quits with AVCs from Equitable

Posted by Employee on 11 July 2001 at 11:28:50:

In Reply to: Re: Time to call it quits with AVCs from Equitable posted by Mike Houghton on 09 July 2001 at 14:14:16:

There was an article in the Daily Mail in August 1999 which said
the Inland Revenue had changed the rules about taking an income
from an AVC. Previously, we had to take AVC income at the same
time as main plan income. Now, it is possible to take AVC income
at any time between the ages of 50 and 75, either before or
after taking main plan pension.
IBM UK has not so far implemented this change, which could be
very useful for people affected by the Equitable Life fiasco.