AVC for public sector worker - options?
Hi - I work in the private sector and have a DC fund and I'm very familiar with it and my options. My wife (54) is paying into a public sector DB pension, and wants to open an AVC. I don't know much about DB scheme rules etc, but she wants to maximise her tax free lump sum. We've put off making a decision and each month wastes time in the market.
I do know however that the option of using Cornmarket is an expensive one and we want to see what alternatives are available. Can I ask what the best options would be for her to look at. We're comfortable in going outside Cornmarket and happy to claim the tax relief ourselves via Revenue directly. We just need a little steer on her options. She worked part-time for c20 years while the kids were growing up, so her main pension is behind. As I say she's looking to maximise her tax free lump sum and she hopes to retire in about 6 years time. Hoping to contribute c€1k per month.
What are;
- her options?
- are there any specific rules on accessing her AVC with her DB?
Thanks.