Increased redundancy lump sum & waiving pension lump sum

Marianne

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There is a facility whereby a person can get an increased tax-free redundancy lump sum now in return for waiving their right to a tax-free lump sum from their pension scheme at retirement. (Terms and Conditions apply etc.)

My question is - does this apply to a PRSA where there have been company contributions or is it just Occupational Pension Schemes?

Thanks.
 
There is a facility whereby a person can get an increased tax-free redundancy lump sum now in return for waiving their right to a tax-free lump sum from their pension scheme at retirement. (Terms and Conditions apply etc.)

My question is - does this apply to a PRSA where there have been company contributions or is it just Occupational Pension Schemes?

Thanks.
Simple answer is no! This only applies to occ pension schemes and does not apply to Personal Pension Plans and PRSA's
 
The good news is that, if you have a PRSA or personal pension, your pension lump sum is nil for SCSB purposes.
 
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