Relatives pension has matured at age 60.
Amount €53,148 minus €816.58 levy
Guaranteed annuity rate is 9.82 %
Person is self employed.
Person wants 25k for business purposes.
Pension forms states options are:
Tax free cash sum up to 25% and then with remainder you can
1. Provide an annuity
2. Invest in an AMRF/ARF
3. Take as a taxable cash
4. Take as a trivial pension(taxable cash option for smaller pension funds)
5. Transfer to another provider
Person has no dependants.
Person does not really have a clue what to do with remainder, wants to take approx 20 to 25 for business purposes
Any suggestions greatly appreciated as we are clueless
Amount €53,148 minus €816.58 levy
Guaranteed annuity rate is 9.82 %
Person is self employed.
Person wants 25k for business purposes.
Pension forms states options are:
Tax free cash sum up to 25% and then with remainder you can
1. Provide an annuity
2. Invest in an AMRF/ARF
3. Take as a taxable cash
4. Take as a trivial pension(taxable cash option for smaller pension funds)
5. Transfer to another provider
Person has no dependants.
Person does not really have a clue what to do with remainder, wants to take approx 20 to 25 for business purposes
Any suggestions greatly appreciated as we are clueless