Wiresandmore
Registered User
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Hi
I am 54, my wife is 52.
I have a UK pension valued at £340K; my wife has one valued at £75K
Tentatively, we are planning on retiring in 6-8 years.
I'd prefer the simplicity of moving both to Ireland if possible. I have a further Irish pension valued at €650K now and intend to keep paying in as long as I can, maximising AVCs where I can.
I've searched on this topic on the site, and I'm pretty confused between QROPS, time limits on accessing funds and potential tax implications.
Or is there a good case to be made to keep them in the UK for tax/flexibility reasons?
Advice appreciated.
I am 54, my wife is 52.
I have a UK pension valued at £340K; my wife has one valued at £75K
Tentatively, we are planning on retiring in 6-8 years.
I'd prefer the simplicity of moving both to Ireland if possible. I have a further Irish pension valued at €650K now and intend to keep paying in as long as I can, maximising AVCs where I can.
I've searched on this topic on the site, and I'm pretty confused between QROPS, time limits on accessing funds and potential tax implications.
Or is there a good case to be made to keep them in the UK for tax/flexibility reasons?
Advice appreciated.