Giving definitive advice in the form of grandstanding statements like this - without having a clue of the context - is really not impressive and genuinely very irritating. Your response yesterday morning was not at all helpful and here we go again.
In my case, I have a substantial deferred DB pension with DC funds from the same employer in addition. This DC fund will be used, in part, for the TFLS and it's the balance I'm wondering about. This balance is small relative to the overall value. It is the tail. It would be really silly to let this tail wag the hugely more significant DB portion. It doesn't make sense for me to do anything other than draw my DB pension when it becomes payable. Legally, my DC assets must be actioned at the same time. Accordingly, your "fact" is complete and utter nonsense. I know from form that you will not acknowledge this.
I haven’t given any definitive advice to anyone. This forum is not the place for specific advice as it is not regulated or covered by professional indemnity insurance.
Therefore I generally restrict my comments to observations which apply in aggregate rather than a specific question of fact which most often should be dealt with when, as you correctly note, one is in possession of all the facts. Which were not disclosed yesterday.
Your question posed that you “were wondering” and I replied you can’t get a PAYE exclusion order. There is nothing factually incorrect about that statement and for many people contemplating emigration it’s actually potentially very helpful. Especially as we are currently representing a client bringing a case of negligence against another adviser who moved their pensions to an ARF knowing that they were moving to Portugal.
My comment that those considering emigration should offshore their pensions was restated in the context of a comment that people might prefer to remain with something “familiar” that is not remotely related to having a DB pension.
I also highlighted that we specifically use US ETFs in ARFs for US Citizens who have emigrated to expressly address the PFIC issue. I wonder how many brokers in Ireland even understand this.
You had a very specific situation you did not disclose and therefore you got annoyed with my generic reply. I apologise if that upset you but please remember that most of my posts are attacked by hostile posters intent on causing trouble. If you had to put up with half the crap I do you’d understand why I just ignore many posts. On that subject, having defamatory statements deleted by moderators won't help you in court as I have screenshots.
Coincidentally, we recently consulted on a DB/DC hybrid situation and in that matter, it was perfectly sensible to take the transfer value from the DB scheme.
These things are often not cut and dried.
Thread 'Should you always take a defined benefit pension'
https://www.askaboutmoney.com/threads/should-you-always-take-a-defined-benefit-pension.232629/