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BROKER &#39Talkback&#39

Do you think the tax-free cash option should be reinstated on AVCs?

“Yes. Otherwise it is an uneven playing field. At the moment, the obvious choice for most IFAs&#39 clients is stakeholder.”

Edwin Forsythe, Forsythe Financial Services

“Whatever they do, they should do it quickly. The tax-free cash option is right for some and not for others. We just want to know what they are going to do.”

Ian McCulloch, Wise Financial Planning

“Yes. It would give greater flexibility to contracts and give people more options.”

Sam Leckie, Shetland Independent Financial Advisers

“Yes, why not? At the end of the day, it is money the investor can use elsewhere, for example, putting it into their Isa allowance.”

Jim Clancy,Clancy&#39s Financial & Business Advisers

“Yes. Everybody hates annuities, Therefore, to have a further option of tax-free cash would be a relief all round.”

Ruth Whitehead, Ruth Whitehead Associates

“Yes. I would suggest that, without the tax-free option, AVCs are dead with the advent of stakeholder.”

Alan Moran, Interface Financial Planning

“Yes. It would make sense to reinstate it to make it equal with stakeholder. But I do not think the Government will allow it.”

Tony Byrne, Byrne Williams

“I&#39m all in favour of tax-free cash as it improves my clients&#39 position. Even if the powers that be want to reinstate the tax-free cash option on AVCs, for most people earning less than £30,000, it would be best to only take advantage of it after using the £3,600 stakeholder allowance.”

Paul Duckworth, Paul Duckworth IFA

yes 88%

no 12%


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Co-operative Insurance Society – Stakeholder Pension – Individual

Friday, 6 April 2001.Type: Individual stakeholder pension.Minimum premium: £20.Minimum-maximum ages: From birth-75.Fund links: With-profits, UK growth, European growth, Environ, US growth, FTSE all-share index tracker.Charges: Annual 1 per cent.Allocation rates: 100 per cent.Minimum term: One month.Options: Stakeholder term assurance, waiver of premium.Commission: None.Tel: 08000 282727. 


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