Looking for advice on pension options after being made redundant. I have less than 2 years service but given that it was a redundancy scheme I got to keep both my own and the employers contributions.
I have now received a letter outlining my options –
1) transfer value of fund to new employer scheme. This is not applicable at present.
2) leave fund with previous employer
3) transfer into PRSA
4) transfer into a personal retirement bond (PRB)
5) Get a refund of my own contributions minus 20% tax
I had thought I would be able to get refund on both my own and the employers contributions but this does not seem to be an available option.
Does anyone have any advice on the most attractive options from the above?
Also, can I take the refund of my own contributions and then choose one of the other options for the employer contributions?
I have now received a letter outlining my options –
1) transfer value of fund to new employer scheme. This is not applicable at present.
2) leave fund with previous employer
3) transfer into PRSA
4) transfer into a personal retirement bond (PRB)
5) Get a refund of my own contributions minus 20% tax
I had thought I would be able to get refund on both my own and the employers contributions but this does not seem to be an available option.
Does anyone have any advice on the most attractive options from the above?
Also, can I take the refund of my own contributions and then choose one of the other options for the employer contributions?