Hello, I have an Irish Life Unit Linked Personal Retirement Bond, Consensus fund value €99,000 as of 30th Nov. 2012. I contacted Irish Life thinking I could take out €45,000 to clear my Visa, company overdraft and loan, total of almost €45,000. I am told by Irish Life that I can take out €11,000 presently tax free and anything above this figure I would be liable for Tax at 41%. The remainder can not be left in the present Consensus fund but would have to be invested in a pension. I was surprised as I thought that when I reached 50 years that I could have access to the funds. At what stage would I be able to withdraw the funds without the Tax penalty? Or if I do withdraw any funds when and how will I benefit? Any advice as my current debts are crippling, and if I do have to reinvest the funds in a pension where should I go?