I have a deferred Local Government pension which I can't take until 2018.
I also have a small AVC linked to this pension (current value £6k), which the Local Authority have advised me that I can access, if I choose to, under the new rules.
The articles I have read suggest using a financial adviser to access your pension pot, but as this is such a small amount, and an adviser would want to take some of the proceeds as a fee, is it possible for me to deal direct with the company that has the AVC?
And would it be possible to take the whole amount as cash?
I have not worked since 2008 and have no income of my own at present.
(I would ask the Local Authority but in the past they have not been at all helpful. It took several attempts before I got a clear explanation of why they would not pay my full pension 2 years ago, when I had qualified for it under the Rule of 85.)
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